Ms. Lisa Wilkinson reports

CENTERRA GOLD ANNOUNCES TSX ACCEPTANCE OF RENEWED NORMAL COURSE ISSUER BID

The Toronto Stock Exchange has accepted Centerra Gold Inc.'s renewal of a normal course issuer bid (NCIB) to purchase for cancellation up to 20,129,230 common shares of Centerra during the 12-month period commencing on Nov. 10, 2025, and ending on Nov. 9, 2026. This represents approximately 9.9 per cent of Centerra's 201,768,421 total issued and outstanding common shares, as at Oct. 31, 2025, or 10 per cent of the public float.

Under the NCIB, daily purchases would be limited to 269,104 common shares, other than purchases made under block purchase exemptions. Following activation of the NCIB, the exact timing and amount of any purchases will depend on market conditions and other factors. Centerra is under no obligation to purchase any common shares, and may, at its discretion, suspend or discontinue purchases under the NCIB at any time. Any purchases made under the NCIB will be made at market price at the time of purchase through the facilities of the TSX and/or alternative Canadian trading systems in compliance with applicable securities legislation and stock exchange rules. The company's previous NCIB authorized the purchase of up to 18,800,929 common shares and expired on Nov. 6, 2025. As of Oct. 31, 2025, a total of 9,613,246 common shares were purchased through the facilities of the TSX and alternative Canadian trading systems at a volume weighted average price of $9.68 per common share under the company's previous NCIB.

In connection with the renewed NCIB, Centerra intends to establish an automatic share purchase plan based on company instructions provided to the designated broker to facilitate the purchase of common shares during times when the company would ordinarily be restricted from doing so due to regulatory restrictions or self-imposed blackout periods. Centerra may, but is not required to, instruct its designated broker to make purchases under the NCIB based on parameters set by Centerra in accordance with the automatic share purchase plan, applicable securities laws and stock exchange rules.

Centerra believes that its common shares continue to trade within a price range that does not fully reflect the underlying value the company's assets or its future prospects. As a result, Centerra views the NCIB as a flexible tool to allocate a portion of its cash balance within its capital allocation framework to enable the company to purchase common shares for cancellation while maintaining a robust balance sheet.

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. The company also owns the Kemess project in British Columbia, Canada, and the Goldfield project in Nevada, U.S., 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. The company is based in Toronto, Ont., Canada.

We seek Safe Harbor.