Ms. Lisa Wilkinson reports

CENTERRA GOLD ANNOUNCES EXTENSION OF CORPORATE CREDIT FACILITY

Centerra Gold Inc. has extended its $400-million (U.S.) revolving credit facility with a renewed term of four years, now maturing on Sept. 8, 2027. The credit facility is led by the Bank of Nova Scotia and National Bank Financial Markets, and is supported by a syndicate of international financial institutions. The interest rate payable on any outstanding borrowings is based on the secured overnight financing rate plus an applicable margin of 2.25 per cent to 3.25 per cent. The margin is unchanged from the previous credit facility.

Though the credit facility is currently undrawn, it offers future flexibility and may be used for general corporate purposes, including working capital, investments, acquisitions and capital expenditures, while reducing the company's financing costs as the company's cash position continues to grow.

About Centerra Gold Inc.

Centerra Gold is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold and copper properties in North America, Turkey and other markets worldwide. Centerra operates two mines: the Mount Milligan mine in British Columbia, Canada; and the Oksut mine in Turkey. Centerra also owns the Goldfield district project in Nevada, U.S., and the Kemess underground project in British Columbia, Canada, and owns and operates the molybdenum business unit in the United States and Canada. Centerra's shares trade on the Toronto Stock Exchange under the symbol CG and on the New York Stock Exchange under the symbol CGAU. Centerra is based in Toronto, Ont., Canada.