Investor PresentationAugust 2019 TSX: CG

www.centerragold.com

Caution Regarding Forward-Looking Information

2

Information contained in this document which are not statements of historical facts, and the documents incorporated by reference herein, may be “forward-looking information” for the purposes of Canadian securities laws. Suchforward-looking information involves risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward lookinginformation. The words “believe”, “expect”, “anticipate”, “contemplate”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, “understand” and similar expressions identify forward-looking information.These forward-looking statements relate to, among other things: the Company’s expectations regarding the timing of the Kumtor Settlement Agreement and the successful resolution of outstanding claims and proceedingsimpacting the Kumtor Project and its current and former employees; the Company’s plans and timing for developing and submitting requests to implement a long term solution to the Mount Milligan water sufficiency issues,including consultations with Indigenous communities and regulators; expectations regarding the construction progress at the Öksüt Project and timing of first gold pour; the Company’s planned exploration activities for theremainder of 2019, the Company’s cash at hand, working capital, future cash flows and existing credit facilities being sufficient to fund anticipated operating cash requirements and statements found under the heading “2019Outlook”, including forecast 2019 production figures and costs, capital spending (growthNG and sustainingNG)and exploration expenditures and taxes; the timing for the commissioning of the water treatment plant at the Kemessproject; the possible need to manage production at Mount Milligan starting in the first quarter of 2020 to conserve water resources until the 2020 spring melt; and statements regarding being able to pump water from theRainbow Valley Aquifer by October 1, 2019.Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable by Centerra, are inherently subject to significant political, business, economic and competitiveuncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking information. Factors that could cause actual results or events to differmaterially from current expectations include, among other things: (A) strategic, legal, planning and other risks, including: political risks associated with the Company’s operations in the Kyrgyz Republic and Canada; risks that anyof the conditions precedent to the Strategic Agreement will not be satisfied in a timely manner or at all, particularly as the Government may not bind the General Prosecutor’s Office or the Parliament of the Kyrgyz Republic; adecision by the General Prosecutor’s Office, or its successor the Anti-Corruption Service of the State Committee for National Security, to re-open at any time civil or criminal proceedings against Centerra, its subsidiaries or otherstakeholders; the failure of the Government to comply with its continuing obligations under the Strategic Agreement, including the requirement that it comply at all times with its obligations under the Kumtor ProjectAgreements, allow for the continued operation of the Kumtor Mine by KGC and KOC and not take any expropriatory action; actions by the Government or any state agency or the General Prosecutor's Office that serve to restrictor otherwise interfere with the payment of funds by KGC and KOC to Centerra; resource nationalism including the management of external stakeholder expectations; the impact of changes in, or to the more aggressiveenforcement of, laws, regulations and government practices, including with respect to the environment, in the jurisdictions in which the Company operates including any delays or refusals to grant required permits and licenses,unjustified civil or criminal action against the Company, its affiliates or its current or former employees; risks that community activism may result in increased contributory demands or business interruptions; the impact of anyactions taken by the Kyrgyz Republic Government and Parliament relating to the Kumtor Project Agreements which are inconsistent with the rights of Centerra and KGC under the Kumtor Project Agreements; 0the risks related toother outstanding litigation affecting the Company’s operations in the Kyrgyz Republic and elsewhere; the impact of the delay by relevant government agencies to provide required approvals, expertises and permits; potentialimpact on the Kumtor Project of investigations by Kyrgyz Republic instrumentalities; the impact of constitutional changes in Turkey; the impact of any sanctions imposed by Canada, the United States or other jurisdictionsagainst various Russian individuals and entities; potential defects of title in the Company’s properties that are not known as of the date hereof; the inability of the Company and its subsidiaries to enforce their legal rights incertain circumstances; the presence of a significant shareholder that is a state-owned company of the Kyrgyz Republic; risks related to anti-corruption legislation; risks related to the concentration of assets in Central Asia;Centerra’s future exploration and development activities not being successful; Centerra not being able to replace mineral reserves; Indigenous claims and consultative issues relating to the Company’s properties which are inproximity to Indigenous communities; and potential risks related to kidnapping or acts of terrorism; (B) risks relating to financial matters, including: sensitivity of the Company’s business to the volatility of gold, copper and othermineral prices, the use of provisionally-priced sales contracts for production at Mount Milligan, reliance on a few key customers for the gold-copper concentrate at Mount Milligan, use of commodity derivatives, the imprecision ofthe Company’s mineral reserves and resources estimates and the assumptions they rely on, the accuracy of the Company’s production and cost estimates, the impact of restrictive covenants in the Company’s credit facilitieswhich may, among other things, restrict the Company from pursuing certain business activities or making distributions from its subsidiaries, the Company’s ability to obtain future financing, the impact of global financialconditions, the impact of currency fluctuations, the effect of market conditions on the Company’s short-term investments, the Company’s ability to make payments including any payments of principal and interest on theCompany’s debt facilities depends on the cash flow of its subsidiaries; and (C) risks related to operational matters and geotechnical issues and the Company’s continued ability to successfully manage such matters, including themovement of the Davidov Glacier, waste and ice movement and continued performance of the buttress at the Kumtor Project; the occurrence of further ground movements at the Kumtor Project and mechanical availability; therisk of having sufficient water to continue operations at Mount Milligan and achieve expected mill throughput; the success of the Company’s future exploration and development activities, including the financial and political risksinherent in carrying out exploration activities; inherent risks associated with the use of sodium cyanide in the mining operations; the adequacy of the Company’s insurance to mitigate operational risks; mechanical breakdowns;the Company’s ability to replace its mineral reserves; the occurrence of any labour unrest or disturbance and the ability of the Company to successfully re-negotiate collective agreements when required; the risk that Centerra’sworkforce may be exposed to widespread epidemic; seismic activity in the vicinity of the Company’s properties; long lead times required for equipment and supplies given the remote location of some of the Company’s operatingproperties; reliance on a limited number of suppliers for certain consumables, equipment and components; the Company’s ability to accurately predict decommissioning and reclamation costs; the Company’s ability to attract andretain qualified personnel; competition for mineral acquisition opportunities; and risks associated with the conduct of joint ventures/partnerships; the Company’s ability to manage its projects effectively and to mitigate thepotential lack of availability of contractors, budget and timing overruns and project resources. See section titled “Risks that can affect our business” in the Company’s most recently filed Annual Information Form available onSEDAR at www.sedar.com.Furthermore, market price fluctuations in gold and copper, as well as increased capital or production costs or reduced recovery rates may render ore reserves containing lower grades of mineralization uneconomic and mayultimately result in a restatement of reserves. The extent to which resources may ultimately be reclassified as proven or probable reserves is dependent upon the demonstration of their profitable recovery. Economic andtechnological factors which may change over time always influence the evaluation of reserves or resources. Centerra has not adjusted mineral resource figures in consideration of these risks and, therefore, Centerra can give noassurances that any mineral resource estimate will ultimately be reclassified as proven and probable reserves.There can be no assurances that forward-looking information and statements will prove to be accurate, as many factors and future events, both known and unknown could cause actual results, performance or achievements tovary or differ materially, from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements contained herein or incorporated by reference. Accordingly, all such factorsshould be considered carefully when making decisions with respect to Centerra, and prospective investors should not place undue reliance on forward looking information. Forward-looking information is as of July 30, 2019.Centerra assumes no obligation to update or revise forward looking information to reflect changes in assumptions, changes in circumstances or any other events affecting such forward-looking information, except as required byapplicable law. Except as otherwise noted herein, Gordon Reid, Professional Engineer and Centerra’s Vice President and Chief Operating Officer, has reviewed and approved the scientific and technical information contained inthis presentation. Mr. Reid is a Qualified Person within the meaning of NI 43-101. For more information, please refer to the properties technical reports, which are available on SEDAR. All figures are in United States dollarsunless otherwise stated.August 2019

1. All-in sustaining costs per ounce sold (AISC) is a non-GAAP measure discussed under “Non-GAAP Measures” in the Company’s most recent MD&A & News Release July 30, 2019. 2018 AISC: Kumtor $694/oz, Mount Milligan $764/oz. 2019e AISC: Kumtor $635 to $685/oz, Mount Milligan $727 to $821/oz see News Release July 30, 2019.

2. Refer to Company’s news releases May 17, 2018, June 27, 2018 and October 12, 2018.3. As at June 30, 2019.

Corporate Highlights

2018 actual gold production 730koz, copper production 47Mlbs, at AISC1 of $754 per ounce

2018 Portfolio optimization2:• Sold royalty assets for $155MM; • Sold silver stream on Kemess Project for $45MM• Sold Mongolian business unit for $35MM

2019 estimated gold production up to 750koz, copper production up to 75Mlbs, AISC1 of $713-to-$743 per ounce

Öksüt construction 64% complete, $20MM under budgetFirst gold pour expected January, 2020

Progressing two advanced stage growth projects in Canada

Cash balance3 of $140MM

Total liquidity3 of $715MM

3

Consensus Asset NAV Breakdown

Centerra: Built For Success

Profitably Growing Gold Production

0

1,000

Kumtor Mt Milligan Oksut Kemess UG Greenstone Total

Ounc

es (0

00’s)

Canada54%Kyrgyz

Republic34%

Turkey10%

U.S.2%

August 2019

Concluded ‘Leading from Within’ gender diversity program and conducted company-wide employee survey to measure internal engagement

Maintained and strengthened our “Social Licenceto Operate” at all operations with no social interruptions for ~72 consecutive months

No reportable environmental incidents

OMAS maintained full compliance with all Environmental & Social lender requirements –European Bank for Reconstruction and Development (EBRD) and International Finance Corporation (IFC)

Completed training of Voluntary Principles on Security and Human Rights (VPs) at Kumtor

Reaffirmed our commitment to tailings storage management safety

4

Centerra: 2019 ESG Operations Update

August 2019

2013 2014 2015 2016 2017 2018Gold Production

Guidance (mid-point) (koz) 660 625 520 540 795 685Actual (koz) 691 621 537 551 785 730

Difference 4.7% -0.6% 3.3% 2.0% -1.3% 6.6%

All-In Sustaining CostGuidance (mid-point) (US$/oz Au) 878 863 851 744 723 805Actual (US$/oz Au) 818 852 814 692 688 754

Difference (6.8%) (1.3%) (4.3%) (7.0%) (4.8%) (6.3%)

660625

520540

795

685691

621

537 551

785

730

5

Centerra has a strong track record of beating both production and AISC2 guidance

Operating Statistics vs. Guidance (mid-point) (koz Au)

(1) 2016 statistics and guidance excludes Mount Milligan (transaction closed in October 2016).(2) Non-GAAP measure discussed under “Non-GAAP Measures” in the Company’s MD&A and News Release July 30, 2019.

August 2019

1

2

Centerra: Delivering Results Operations vs. Guidance

140

500

75

Cash Reserves Corporate Credit Facility Oksut Credit Facility

152

176 90

3563

140

0

50

100

150

200

250

300

350

2018 YE Cash Kumtor + MTMFCF

Net DebtRepayments

Oksut Spend Dev Projects,G&A & Other

Q2 2019 Cash

6

Liquidity Profile June 30, 2019 (US$MM’s)

Cash and Debt Profile4 (US$MM’s)

YTD 2019 Cash Flow (US$MM’s)

Retained Earnings Profile (US$)

0

400

800

1,200

1,600

2,000

0

200

400

600

800

1,000

1,200

1,400

1,600

200420052006200720082009201020112012201320142015201620172018 Q22019

Gold

Pric

e (U

S$/o

z)

US$

Milli

ons

Retained Earnings Cumulative Dividends Gold Price

Centerra: Q2 - 2019 Corporate Update

1 Includes cash and cash equivalents, short-term investments and excludes $27.5MM restricted cash at December 31, 2018 and June 30, 2019. 2 Represents the Company’s cash position at June 30, 2019, excluding $27.5MM restricted cash. 3 Undrawn amounts of the $150MM Öksüt credit facility and the $500MM corporate credit facility as at June 30, 2019. 4 Excludes leases.

11

2 3 3

US$715MM

August 2019

505

298

193 171103

409 417

152180

140

0

100

200

300

400

500

600

Dec31 2016 Dec31 2017 Dec31 2018 Mar31 2019 Jun 30 2019

US$

Milli

ons

Total Debt Cash

2

Centerra: Q2 - 2019 Corporate Highlights

7

Safety – Kumtor Mine Contractor Workforce Achieved 1-year Without a Lost Time Injury

Mount Milligan Mill Operated at 53,500 Tonnes Per Calendar Day During Q2

Q2 2019 Consolidated Gold Production of 199,578 Ouncesand Copper Production of 20.4 Million Pounds

Centerra’s Q2 2019 All-In Sustaining Cost1 on a By-product Basis $716 Per Ounce Sold

Q2 2019 Net Earnings of $33.4MM or $0.11 Cents Per Share (basic)

Cash Provided by Operations of $91MM ($0.31 per share)Cash Provided by Operations Before Working Capital Changes1 of $101MM ($0.35 per share)

Fully Repaid Corporate Credit Facility as of June 30, 2019

June 30, 2019 Cash Balance $140MM and Total Liquidity $715MM

Increased 2019 Gold Production Guidance to 728,000 Ounces (mid-point)Lowered Full Year All-in Sustaining Cost1 on a By-product Basis to $728 Per Ounce (mid-point)

Construction of Öksüt Project Approximately 64% Complete, $20MM Under Budget

Extended Strategic Agreement Long-stop Date to August 10, 2019

1. Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s MD&A and news release July 30, 2019.August 2019

$0

$250

$500

$750

$1,000

$1,250

$1,500

$1,750

$2,000

$2,250

$2,500

730 9,100 16,008 23,666 30,082 36,417 39,898 42,962

AIS

C,

ne

t (U

S$

/oz

Au

)

Cumulative Gold Production (koz Au)

75%

Centerra: Low-Cost Asset Base

8

AISC Industry Curve (By-Product Basis)

100%50%25%

Kumtor(US$635-685/oz)

Centerra Gold(US$713-743/oz Au)

Source: SNL Metals.Notes: Centerra AISC figures (Non-GAAP measure) based on 2019 cost guidance, unless noted below, see News Release July 30, 2019.1. Kemess Underground AISC based on LOM plan as per National Instrument 43-101 technical report dated July 12, 2017 for Kemess Underground and Kemess East available in the AuRico Metals filings on SEDAR.2. Öksüt AISC based on LOM plan as per the NI 43-101 Technical Report On The Öksüt Gold Project, Turkey dated September 3, 2015.3. Greenstone AISC based on LOM plan as per the NI 43-101 Technical Report on the Hardrock Project dated December 21, 2016.

Mount Milligan(US$727-821/oz)

Öksüt(US$490/oz)(2)

Kemess Underground(US$244/oz)(1)

August 2019

Positioned to generate free cash flow through the price cycles

Greenstone(US$600/oz)(3)

9

Centerra: Compelling Valuation

August 2019

P / NAVPS (x) P / 2019E CFPS (x) P / 2019E Earnings (x)

2.14x

1.24x

1.20x

1.19x

1.07x

1.04x

1.02x

1.02x

1.01x

0.92x

0.86x

0.85x

0.80x

0.74x

0.68x

0.60x

Kirkland Lake

B2Gold

Yamana

SSR Mining

Centamin

Coeur

Endeavour

OceanaGold

New Gold

Centerra

Alamos

Pretium

Detour

Torex

IAMGOLD

Eldorado

11.8x

11.1x

9.6x

9.6x

9.1x

8.1x

7.6x

6.8x

6.0x

5.6x

5.6x

5.5x

5.4x

5.0x

3.9x

2.4x

Kirkland Lake

Centamin

Coeur

SSR Mining

Alamos

Pretium

Detour

B2Gold

OceanaGold

IAMGOLD

Yamana

Eldorado

Endeavour

Centerra

Torex

New Gold

76.8x

44.4x

40.0x

33.2x

31.0x

24.7x

21.2x

20.5x

19.0x

18.0x

17.9x

16.5x

16.2x

11.8x

IAMGOLD

Eldorado

Yamana

Alamos

Detour

SSR Mining

Endeavour

Centamin

OceanaGold

Kirkland Lake

Pretium

Torex

B2Gold

Centerra

Source: Bloomberg; Capital IQ; Street consensus; June 30, 2019

Centerra: Leading Capital Efficiency and Profitability

10

Source: Bloomberg as per latest financials

16%

9%

8%

6%

6%

4%

3%

2%

2%

1%

1%

(0%)

Kirkland Lake

OceanaGold

Centerra

B2Gold

Alacer

Detour

Kinross

Yamana

New Gold

IAMGOLD

Alamos

Eldorado

L3Y Return on Invested Capital (%) L3Y Return on Capital (%) L3Y Return on Equity (%)

22%

10%

10%

5%

5%

5%

3%

2%

2%

1%

1%

(1%)

Kirkland Lake

OceanaGold

Centerra

Alacer

B2Gold

Detour

New Gold

Yamana

Alamos

Kinross

IAMGOLD

Eldorado

23%

12%

11%

6%

6%

5%

2%

2%

2%

0%

0%

(1%)

Kirkland Lake

OceanaGold

Centerra

B2Gold

Alacer

Detour

New Gold

Yamana

Alamos

IAMGOLD

Kinross

Eldorado

August 2019

170U/G miners

207U/G miners

240U/G miners

240U/G miners

2016 2017 20182019E

RevisedGuidance

Gold Production (koz) 551 563 535 550-575

All-In Sustaining Costs ($/oz) (1) $640 $698 $694 $635-$685

Sustaining Capital ($MM)(1) $61 $61 $44 $45

Growth Capital ($MM)(1) $15 $18 $17 $20

Projected Asset Life (years) +8

Reserves(2) (Moz) 4.0

Au Grade (g/t) 2.4

Resources M&I(2) (Moz) 3.0

Au Grade (g/t) 2.9

World Class Cornerstone Asset Significant Open Pit Gold Production

YE target of 4,000tpd

Strategic Agreement – Extended long-stop to Aug. 10, 2019

2018 generated $128MM free cash flow(1)

22 years of uninterrupted profitable production

More than 4M ounces remaining in open pit reserves

Underground opportunity (inferred 3.4Moz @ 7.3 g/t)2

Strong stable platform to grow Centerra11August 2019

Kumtor: World Class Open Pit Gold Mine

(1) Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s News Release July 30, 2019. (2) Refer to February 22, 2019 mineral reserves and resources news release.

1.00

1.50

2.00

2.50

3.00

3.50

4.00

4.50

200,000

350,000

500,000

650,000

2014 2015 2016 2017 2018 2019 2020 2021 2022

grad

e g/

t

Oun

ces

Kumtor: 2019 Exploration

August 2019 12Boris Kotlyar, a Member with the American Institute of Professional Geologists, is Centerra’s qualified person for the purpose of National Instrument 43-101.

13

2016 2017 2018 2019E Guidance

Gold Production (koz) 205 223 195 155-175

Copper Production (Mlbs) 59 54 47 65-75

All-In Sustaining Costs(US$/oz)(1) $509 $505 $764 $727-$821

Sustaining Capital ($MM)(1) NA $30 $43 $45

Remaining reserve life (years) +20

Gold CopperP&P Reserves(2) 4.7Moz 1,836Mlbs

Grade 0.3g/t 0.186%

Royal Gold Stream 35% @ US$435/oz

18.75% @ 15% of spot Cu price

20+ years of production from existing P&P reserves(2)

4.7M gold reserve ounces(2)

Low cost, long life production

Stable, mining-friendly jurisdiction

Tax loss pools, no cash taxes until 2022/2023

Mount Milligan: Long Life, Low Cost Gold Copper Mine

Significant Gold and Copper ProductionSignificant Open Pit Gold and Copper Production

(1) Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s News Release July 30, 2019. 2016 AISC is for the period Oct.20 to Dec.31, 2016.(2) Refer to February 22, 2019 mineral reserves and resources news release.

205195

165

5954

47

70223

0

10

20

30

40

50

60

70

80

0

50

100

150

200

250

2016 2017 2018 2019E 2016 2017 2018 2019ECOPPER

Copp

erM

lbs

Gold

oun

ces

(000

’s)

GOLD

August 2019

2018 drill program expanded the Resource Shell to the west and at depth, increasing Mineral Resources.

2019 Drilling:- In-pit & Infill drilling

- 22,500 metres- Brownfield an Greenfield drilling

- 12,000 metres

Mount Milligan: 2019 Exploration

August 2019 14C. Paul Jago, a Member of Engineers and Geoscientists British Columbia, is Centerra’s qualified person for the purpose of National Instrument 43-101.

EW

15

Öksüt: Q2-2019 Construction Update

Admin Area Construction Mine Haul Roads Crusher and Stockpile Area

ADR Plant Heap Leach Pad 1A+1B Liner Install Chemical Storage Shed Construction

August 2019

16

Mine Type Open Pit, Heap Leach

Avg. LOM Annual Production 110koz Au

Avg. LOM AISC(1) (US$/oz) $490

Reserve Mine Life 8 years

Development Capex (US$MM) $200

LOM Sustaining Capital(1) (US$MM) $10

P&P Reserves(2)(Moz) 1.3

Au grade (g/t)(2) 1.4

Life of Mine Strip Ratio (w:o) 2:1

First Gold Pour January-2020

Project Highlights

Construction on track for January 2020 gold pour

Total construction capital reduced by $20MM

EIA approval received in November 2015

Forestry Permit & GSM License received July 2016

Pastureland Permit & Investment Incentive Certificate received in January & February 2018

Bought back Stratex and Teck royalties in 2015 & 2016

US$150MM low-cost financing in-place

Catalyst Schedule

Öksüt Gold Project

(1) Non-GAAP measure see “Non-GAAP Measures” in the Company’s News Release of July 30, 2019.(2) Refer to February 8, 2018 news release and Technical Report on Öksüt Gold Project dated September 3, 2015.

Öksüt: Funded High Margin Gold Production

Profitably Growing Gold Production

0

1,000

Kumtor Mt Milligan Oksut Kemess UG Greenstone Total

Ounc

es (0

00’s)

August 2019

Kemess: C$1Billion of InfrastructureFly-in, Fly-out Work Camp Permitted Open Pit Tailings Storage Facility

Metallurgical Facility Kemess Proximity to Mount Milligan

17

Mount Milligan

Kemess Project Tsay Keh

Kwadacha (Fort Ware)

Dawson Creek

Prince GeorgePrinceRupert

Terrace SmithersFort St. James

TaklaLanding Mackenzie

Kemess Project

Omineca Resource Access RoadForest Service Road

0 200

Kilometres

100

Endako

August 2019

18

Kemess Underground – 2016 Feasibility Highlights(1)

Mine Type Underground Block Cave

Avg. LOM Gold Production (koz) 106

Avg. LOM By-Product AISC (US$/oz)(2) $244

Reserve Mine Life (years) 12

Development Capex (C$MM)(3) C$604

P&P Au Reserves (Moz)(4) 1.9

P&P Au Reserve Grade (g/t) 0.5

P&P Cu Reserves (Mlbs)(4) 630

P&P Cu Reserve Grade (%) 0.266%

After-tax NPV5% (C$MM) C$258

Kemess East– 2017 PEA Highlights(1)

Mine Type Underground Panel Cave

Avg. LOM Gold Production (koz) 80

Avg. LOM By-Product AISC (US$/oz)(2) ($69)

Reserve Mine Life (years) 12

Development Capex (C$MM) C$327

M&I Au Resource (Moz)(5) 2.3

M&I Au Grade (g/t) 0.4

M&I Cu Resource (Mlbs)(5) 1,410

M&I Cu Grade (%) 0.360%

After-tax NPV5% (C$MM) C$375

Kemess: Large, Low-Cost Production

KE Gold and Copper Production(1)KUG Gold and Copper Production(1)

--

20

40

60

80

--

40

80

120

160

Y-2 Y-1 Y1 Y2 Y3 Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13

Copp

er (

Mlb

s)

Gol

d (k

oz)

Project Schedule YearAu Cu

0

20

40

60

80

--

40

80

120

160

Y4 Y5 Y6 Y7 Y8 Y9 Y10 Y11 Y12 Y13 Y14 Y15 Y16 Y17

Copp

er (

Mlb

s)

Gol

d (k

oz)

Project Schedule YearAu Cu

(1) Refer to National Instrument 43-101 technical report dated July 12, 2017 Technical Report for the Kemess Underground and Kemess East Project, British Columbia, Canada, available in the AuRico Metals filings on SEDAR. A preliminary economic assessment (PEA) is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

(2) AISC is a Non-GAAP measure, see MD&A and News Release July 30, 2019(3) Includes pre-commercial net revenue and capitalized pre-production operating expenditures.(4) Kemess Underground reserves are estimated using a gold price of $1,250 per ounce, copper price of $3.00 per pound, an exchange rate of 1USD:1.25CAD and an NSR cut-off of C$17.30 per tonne.(5) Kemess East resources are estimated using a gold price of $1,475 per ounce, copper price of $3.50 per pound, an exchange rate of 1USD:1.25CAD and an NSR cut-off of C$17.30 per tonne.

August 2019

Mine Type Open Pit, CIP MillMill Throughput design 27,000 tpdAvg. LOM Annual Production 288koz AuAvg. LOM AISC(2) (US$/oz) $600Reserve Mine Life 14.5 yearsDevelopment Capex (US$MM) $962P&P Reserves(1)(Moz) 4.7Au grade (g/t) 1.02Life of Mine Recovery 90%Life of Mine Strip Ratio (w:o) 3.87:1NPV(5%) - after tax (US$MM) $545IRR - after tax 14.4%

50:50 development partnership with Premier Gold

Open pit reserves(1) (100%) 4.7Moz Au @ 1.02 g/t

Significant historic gold production of 4.12M oz (~1934-1970)

Large land package covers 337km2, good infrastructure

Significant exploration and underground resource potential

2017 final EIS/EA filed, mine permitting and IBA work underway

2018/2019 Federal and Provincial EA approval, 2 IBA’s signed

19

Cornerstone Canadian Development Project Ontario: Top Tier Mining Jurisdiction

Greenstone GoldProperty

Greenstone Development Project

Location: Ontario, Canada

2016 Feasibility Highlights (100%) Projected Gold Production (100%)

Greenstone: One of Canada’s Largest Undeveloped Open Pit Gold Mines

(1) See Technical Report on the Hardrock Project dated December 21, 2016. (2) Non-GAAP measure, see “Non-GAAP Measures” in Company’s News Release July 30, 2019.

Geraldton

Beardmore

Beardmore – Geraldton Greenstone Belt +110 km

Brookbank Deposit

Hardrock Deposit

August 2019

Centerra: Potential Upside Optionality - Molybdenum

20

Molybdenum Price Movement Thompson Creek Mine

Endako Mine

● Located in Idaho, is the world’s fourth largest open-pit primary molybdenum mine

● Operations began in 1983, using conventional open-pit mining and a on-site 25,500 tpd mill

● In December, 2014 placed on care and maintenance

● Endako Mine is a fully integrated molybdenum facility located in BC

● TCM is the operator and 75% owner; Sojitz owns 25%

● Endako consists of three adjoined pits and a fully integrated operation with on-site mill and multiple hearth roasting facility

● New 55,000 tpd processing facility was completed in 2012 for~US$500MM

● In July 2015 placed on care and maintenance

Langeloth Metallurgical Facility● Located 40 km west of Pittsburgh, Pennsylvania● Operates both as a toll processor and as a purchaser of molybdenum

concentrates from third parties, producing a suite of premium molybdenum products

● Cash flows from the Langeloth operations are not sufficient to cover the $13 to $15 million in care and maintenance expenses associated with the molybdenum mines

Historical Molybdenum Segment EBITDA(1)

$444

$126

$269 $265

$18

$126 $124

($21)

2008 2009 2010 2011 2012 2013 2014 2015

(US$MM)

(1) Prior to intersegment eliminations. Historical EBITDA not reported, therefore calculated based on historical segment disclosure from Thompson Creek Metals Company Inc. public filings.August 2019

$7.02

$11.77

4.0

5.0

6.0

7.0

8.0

9.0

10.0

11.0

12.0

13.0

14.0

Oct-1

6No

v-16

Dec-

16Ja

n-17

Feb-

17M

ar-1

7Ap

r-17

May

-17

Jun-

17Ju

l-17

Aug-

17Se

p-17

Oct-1

7No

v-17

Dec-

17Ja

n-18

Feb-

18M

ar-1

8Ap

r-18

May

-18

Jun-

18Ju

l-18

Aug-

18Se

p-18

Oct-1

8No

v-18

Dec-

18Ja

n-19

Feb-

19M

ar-1

9Ap

r-19

May

-19

Jun-

19Ju

l-19

$ US

D pe

r Pou

nd

Appendix TSX: CGwww.centerragold.com

Centerra: 2019 Exploration - Map of Projects

22August 2019

2016A 2017A 2018A 2019E

Exploration spending ($MM) $11 $13 $21 $30

Centerra: 2019 Production, AISC1, and Other Guidance

ConsolidatedJune 2019

YTD ActualsFY 2019

Prior GuidanceGold Production in Koz 383 Koz 705 - 750 Koz 690 - 740 Koz

Kumtor 301 Koz 550 - 575 Koz 535 - 565 KozMTM 82 Koz 155 - 175 Koz 155 - 175 Koz

Copper Production in Mlb 32 Mlb 65 - 75 Mlb 65 - 75 MlbGold Sales in Koz 395 Koz 705 - 750 Koz 690 - 740 Koz

Kumtor 304 Koz 550 - 575 Koz 535 - 565 KozMTM 91 Koz 155 - 175 Koz 155 - 175 Koz

AISC per ounce sold (by-product basis) (1) $693/Oz $713 - $743 $723 - $775Kumtor 557/Oz 635 - 685 666 - 703MTM 889/Oz 727 - 821 727 - 821

Molybdenum Business Unit ($M) (2)

Care and Maintenance 8 13 - 15 N/AFinancing Cost ($M) 8 16 - 18 N/AAssumptions

Gold Price - $/oz 1,307 1,300 1,200 Copper Price - $/lbs 2.80 2.70 2.80 Molybdenum Price - $/lbs 11.98 12.00 12.00

FY 2019 New Guidance

1. Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s MD&A and news release July 30, 2019.2. Guidance of $3.0 million for Selling & Administration and $10 million for Depreciation.

August 2019 23

Centerra: 2019 Capex and Depreciation Guidance

(US $M) June 2019 YTD Actuals

FY 2019 Prior Guidance

Total Capital, excluding capitalized stripping(1) $105 $275 $275 Sustaining Capex (1) 41 100 91

Kumtor 20 45 45 Mount Milligan 20 45 37 Others (Thompson Creek Mine, Endako Mine (75%), Langeloth facility and Corporate)

1 10 9

Growth Capex (1) 64 175 184 Kumtor 7 20 14 Öksüt - Capitalized Costs 35 100 123 Kemess UG 14 35 26 Greenstone - Capitalized Costs 8 20 21

Capitalized Stripping 38 140 108 Cash 29 110 88 Non-Cash 9 30 20

Depreciation, Depletion, and Amortization 116 240 - 260 220 - 240 Kumtor 85 190 - 200 170 - 180 Mount Milligan 26 38 - 45 38 - 45 Langeloth and other properties 2 12 - 15 12 - 15

FY 2019 New Guidance

August 2019 24

1. Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s MD&A and news release July 30, 2019.

417

152

155 247

131 105

44155

0

100

200

300

400

500

600

700

2017 YECash

Royalty sale AMIAcquisition

OperationsFCF

Net DebtRepayments

Oksut Spend DevProjects,

G&A & Other

2018 YECash

25

Liquidity Profile Dec.31, 2018 (US$MM’s)

Net Cash Position1 (US$MM’s)

2018 YTD Cash Flow (US$MM’s)

Retained Earnings Profile (US$)

0

400

800

1,200

1,600

2,000

0

200

400

600

800

1,000

1,200

1,400

1,600

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Gold

Pric

e (U

S$/o

z)

US$

Milli

ons

Retained Earnings Cumulative Dividends Gold Price

Centerra: 2018 Corporate Update

1 Includes cash and cash equivalents, short-term investments and excludes $27.5MM restricted cash at December 31, 2018. 2 Represents the Company’s cash position at December 31, 2018, excluding $27.5MM restricted cash. 3 Undrawn amounts of the $150MM Öksüt credit facility and the $500MM corporate credit facility as at December 31, 2018.

1

119

(46)

(150)

(100)

(50)

0

50

100

150

2017 2018

1

2 3 3

US$641MM

August 2019

152

389

100

Cash Reserves Corporate Credit Facility Oksut Credit Facility

Centerra: Q2-2019 Operating Highlights

26

Q2 2019 Q2 2018Gold ounces produced(1) 199,578 130,183Copper produced (000’s payable lbs)(1) 20,397 16,449Kumtor All-in Sustaining Costs per ounce sold(2) $562 $1,071Mount Milligan All-in Sustaining Costs on a by-product basis per ounce sold(1),(2) $938 $700Consolidated All-in Sustaining Costs on a by-product basis per ounce sold(1),(2) $716 $9961. Includes Mount Milligan production on a 100% basis.2. Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s MD&A and News Release dated July 30, 2019.

Q2 2019 gold production - Kumtor 151,065 ounces, Mount Milligan 48,513 ouncesQ2 2019 copper production - Mount Milligan 20,397,000 pounds

Mount Milligan throughput 53,500 tonnes per calendar day (58,200 tonnes per operating day)On track to produce 55,000 tonnes per calendar day in second half of year

Increased gold production guidance at Kumtor to 550,000 – 575,000 ounces and all-in sustaining costs on a by-product basis per ounce sold2 lowered to $635 - $685

Company-wide gold production guidance increased to 705,000 – 750,000 ounces and all-in sustaining costs on a by-product basis per ounce sold2 lowered to $713 - $743

Öksüt Project construction advancing; approximately 64% completeFirst gold pour expected in January 2020

Kemess Underground Project received air emissions permit in early-April

Kumtor achieved 1 year without a lost time injury within contractor workforce

August 2019

Centerra: Q2-2019 Financial Highlights1

27

(in thousands, except ounces, per share amounts, and average realized price2)

Quarter EndedJune 30, 2019

Quarter EndedJune 30, 2018

Revenue $340,510 $243,315

Total gold ounces sold 198,287 140,427

Total copper pounds sold (000’s) 18,700 12,668

Cash provided by (used in) operations $90,996 $68,039

Operating cash flow before changes in working capital(2) $101,396 $47,561

Net earnings $33,414 $43,515

Adjusted earnings(2) $33,414 $992

Adjusted earnings per share (2), basic $0.11 Nil

Average realized gold price per ounce(2) $1,237 $1,178

Average realized copper price per pound(2) $1.94 $2.23

1. U.S. dollars2. Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s MD&A and News Release dated July 30, 2019.

August 2019

Centerra: Q2-2019 Other Financial Highlights

28

Gold Sales of 198,287 ounces / Copper Sales of 18.7 million pounds in Q2 2019

Q2 2019 AISC1 of $716 per ounce (Kumtor $562/oz. and Mount Milligan $938/oz.)

Q2 2019 Cash Provided by Operations of $91MM ($0.31 per share)Q2 2019 Cash Provided Operations Before Working Capital Changes1 $101MM ($0.35 per share)

Total Liquidity of $715 Million as at June 30, 2019

Debt repayments of $69 Million in Q2; $140 Million cash balance2 as at June 30, 2019

1 Non-GAAP measure and is discussed under “Non-GAAP Measures” in the Company’s MD&A and News Release dated July 30, 2019.2 Represents the Company’s cash position at June 30, 2019 excluding restricted cash. 3 A combination of the $75MM undrawn Öksüt credit facility and the $500MM undrawn amount from the corporate credit facility as at June 30, 2019.4 Excludes leases.August 2019

Cash and Debt4 Profile Liquidity Profile June 30, 2019 US$MM

505

298

193 171103

409 417

152180

140

0

100

200

300

400

500

600

Dec31 2016 Dec31 2017 Dec31 2018 Mar31 2019 Jun30 2019

US$

Milli

ons

Total Debt Cash

$140

$575

Cash Reserves Undrawn Credit Facilities

$715MM

2 3

Mount Milligan: Short & Medium-term Water Sources

29August 2019

30

Expected Catalyst ScheduleKemess Underground EA Approval Received – Q1 2017

First Nations IBA Received – Q2 2017

Kemess Underground Permit Received – July 2018

Effluent Discharge Permit Received – September 2018

Air Emissions Permit Received – April 2019

Kemess: De-Risked Brownfield Project(1)

Mount Milligan

Kemess Project Tsay Keh

Kwadacha (Fort Ware)

Dawson Creek

Prince GeorgePrinceRupert

Terrace SmithersFort St. James

TaklaLanding Mackenzie

Kemess Project

Omineca Resource Access RoadForest Service Road

0 200

Kilometers

100

Endako

• Established mining jurisdiction

• Advanced-stage− EA Approved, IBA in hand, Amended Mines Act

Permit (construction permit) received, Effluent Discharge and Air Emissions Permit received, FS complete

• Low-risk brownfield development

• C$1 billion of existing infrastructure− 25,000 tpd mill, road, power, tailings, rail load-out,

camp, airstrip

• Sizeable resource1

− Kemess Underground(2): P&P of 1.9Moz gold and 0.6Blbs copper and M&I (including P&P) of 3.6Moz gold and 1.3Blbs copper

− Kemess East(3): M&I of 2.3Moz Au and 1.4Blbs Cu

• Long life − 12 years at Kemess Underground plus a further

12 years at Kemess East, with exploration upside

• Highly marketable clean concentrate(1) Refer to National Instrument 43-101 technical report dated July 12, 2017 Technical Report for the Kemess Underground and Kemess East Project, British Columbia, Canada, available in the AuRico Metals filings on SEDAR.

Kemess East Project (KE) preliminary economic assessment (PEA) is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

(2) Kemess Underground P&P reserves are estimated using a gold price of $1,250 per ounce, copper price of $3.00 per pound, an exchange rate of 1USD:1.25CAD and an NSR cut-off of C$17.30 per tonne. M&I resources are estimated using a gold price of $1,450 per ounce, copper price of $3.50 per pound, an exchange rate of 1USD:1.25CAD and an NSR cut-off of C$15.00 per tonne.

(3) Kemess East resources are estimated using a gold price of $1,450 per ounce, copper price of $3.50 per pound, an exchange rate of 1USD:1.25CAD and an NSR cut-off of C$17.30 per tonne.August 2019

31

Kemess Underground (Feasibility – 2016)(1)

• Reserves of 1.9Moz Au and 0.6Blbs Cu(2)

• LOM of 12 years at 106koz Au/p.a. and 47Mlbs/p.a. at AISC(3) of $244/oz on a by-product basis

• Environmental approvals and IBA received• Received Mines Act Permit (construction permit)• Received Effluent Discharge Permit• Received Air Emissions Permit

Kemess East (PEA – May 2017)(1)

• M&I resources of 1.7Moz and 1.4Blbs Cu(2)

• LOM of 12 years at 80koz Au/p.a. and 57Mlbs/p.a. at AISC(3) of (US$69/oz) on a by-product basis

Kemess South (Past Producer: 1998 – 2011)• ~C$1 billion of infrastructure in-place (including a 25,000

tpd mill, grid power, road, maintenance shop, etc.)• Past production of 3.0Moz Au and 750Mlbs Cu− Brownfields opportunity significantly reduces risk

Kemess: Overview

(1) Refer to National Instrument 43-101 technical report dated July 12, 2017 Technical Report for the Kemess Underground and Kemess East Project, British Columbia, Canada, available in the AuRico Metals filings on SEDAR. A preliminary economic assessment (PEA) is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized.

(2) Refer to February 22, 2019 mineral reserves and resources news release.(3) AISC is a Non-GAAP measure, see “Non-GAAP Measures” in Company’s MD&A and News Release July 30, 2019.August 2019

Centerra: Revised 2019 Guidance

32

2019 Revised Production Guidance Units Kumtor Mount Milligan(1) CenterraGoldTotal Gold Payable Production(2) (Koz) 550 – 575 155 – 175 705 – 750CopperTotal Copper Payable Production(3) (Mlb) – 65 – 75 65 – 75

2019 Revised All-in Sustaining Unit Costs (5) Kumtor Mount Milligan(1) Centerra(1)

Ounces sold forecast 550,000 – 575,000 155,000 – 175,000 705,000-750,000All-in sustaining costs on a by-product basis(2), (5) $635 – $685 $727 – $821 $713 – $743

Revenue-based tax(4) and taxes(4) 186 – 195 21 – 24 148 – 157All-in sustaining costs on a by-product basis including taxes (1), (4), (5) $821 – $880 $748 – $845 $861 – $900

Gold - All-in sustaining costs on a co-product basis ($/ounce) (1),(5) $635 – $685 $842 – $950 $722 – $768Copper - All-in sustaining costs on a co-product basis ($/pound) (1),(5) – $1.84 – $2.12 $1.84 – $2.12

Revised Capital Expenditures 2019 Sustaining Capital(5)

($ millions)2019 Growth Capital(5)

($ millions)Kumtor Mine 45 20Mount Milligan Mine 45 -Öksüt Project - 100Kemess Underground Project - 35Greenstone Gold Property - 20Other (Thompson Creek mine, Endako mine (75%),Langeloth facility and Corporate) 10 -

Consolidated Total $100 $1751) Mount Milligan payable production and ounces sold are on a 100% basis (the Mount Milligan Streaming Arrangement entitles Royal Gold to 35% and 18.75% of gold and copper sales, respectively and Royal Gold will pay $435 per ounce of gold delivered and 15% of the spot price per metric tonne of copper delivered). The copper sales are based on a copper price assumption in 2019 of $2.70 per pound sold for Centerra’s 81.25% share of copper production and the remaining 18.75% of copper revenue at $0.42 per pound (15% of spot price, assuming spot at $2.70 per pound), representing the Mount Milligan Streaming Arrangement. Payable production for copper and gold reflects estimated metallurgical losses resulting from handling of the concentrate and payable metal deductions, subject to metal content, levied by smelters. 2) Gold production in 2019 assumes 81.8% recovery at Kumtor and 62.1% recovery at Mount Milligan.3) Copper production in 2019 assumes 81.4% recovery for copper at Mount Milligan. 4) Includes revenue-based tax at Kumtor and the British Columbia mineral tax at Mount Milligan based on a forecast gold price assumption of $1,300 per ounce sold. 5) Non-GAAP measures and are discussed under “Non-GAAP Measures” in the most recent MD&A and News Release dated July 30, 2019.

August 2019

1 Appreciation of currency against the U.S. dollar will result in higher costs and lower cash flow and earnings, depreciation of currency against the U.S. dollar results in decreased costs and increased cash flow and earnings. 2 All-in sustaining costs per ounce sold (“AISC”) on a by-product basis is a non-GAAP measure discussed under “Non-GAAP Measures” in the Company’s news release July 30, 2019. 3 Includes capital costs

Centerra: 2019 Guidance Sensitivities

33

Material Assumptions and Risks1

Material assumptions or factors used to forecast production and costs for the remaining six months of 2019 include the following:• a gold price of $1,300 per ounce,• a copper price of $2.70 per pound,• a molybdenum price of $12 per pound, • exchange rates:

• $1USD:$1.30 CAD,• $1USD:69.0 Kyrgyz som,• $1USD:5.50 Turkish lira,• $1USD:0.88 Euro,

• diesel fuel price assumption: • $0.54/litre at Kumtor,• $0.91/litre (C$1.10/litre) at Mount Milligan.

1 Other material assumptions and risks are discussed under “Material Assumptions and Risks” in the Company’s MD&A and News Release dated July 30, 2019.

Change

Impact on($ millions)

Impact on ($ per ounce sold)

Costs(3) Revenues Cash flows Net Earnings (after tax)

AISC(2) on by-product basis

Gold price $50/oz 1.8 – 2.0 14.4 – 16.4 12.6 – 14.4 12.6 – 14.4 2 – 3Copper price 10% 0.3 – 0.4 7.5 – 9.7 7.2 – 9.3 7.2 – 9.3 10 – 13Diesel fuel 10% 2.4 – 3.1 - 2.4 – 3.1 2.4 – 3.1 3 – 4Kyrgyz som(1) 1 som 0.6 – 1.1 - 0.6 – 1.1 0.6 – 1.1 1 – 2Turkish Lira(1) 1 lira 0.6 – 0.9 - 0.6 – 0.9 – –Canadian dollar(1) 10 cents 6.4 – 9.3 - 6.4 – 9.3 5.7 – 8.4 8 – 11

August 2019

Centerra: Mineral Reserves - Proven & Probable1

Copper Mineral Reserves

Proven Probable Total Proven and Probable

Property Tonnes Grade Contained Tonnes Grade Contained Tonnes Grade Contained(kt) (%) Copper (Mlbs) (kt) (%) Copper (Mlbs) (kt) (%) Copper (Mlbs)

Mount Milligan 211,649 0.183 853 235,913 0.189 983 447,562 0.186 1,836

Kemess Underground

- - - 107,381 0.266 630 107,381 0.266 630

Total2 211,649 0.183 853 343,294 0.213 1,613 554,943 0.202 2,465

34

1) As at December 31, 2018, see Mineral Reserves and Resources News Release February 22, 2019.2) Numbers may not add up due to rounding.

Gold Mineral Reserves

Proven Probable Total Proven and Probable

Property Tonnes(kt)

Grade(g/t)

ContainedGold (koz)

Tonnes(kt)

Grade(g/t)

ContainedGold (koz)

Tonnes(kt)

Grade(g/t)

ContainedGold (koz)

Mount Milligan 211,649 0.4 2,600 235,913 0.3 2,136 447,562 0.3 4,736

Kumtor 11,309 1.7 627 40,322 2.6 3,391 51,631 2.4 4,018

Öksüt - - - 28,843 1.4 1,278 28,843 1.4 1,278

Hardrock Open Pit - - - 70,858 1.0 2,324 70,858 1.0 2,324

Kemess Underground - - - 107,381 0.5 1,868 107,381 0.5 1,868

Total2 222,957 0.5 3,228 483,316 0.7 10,996 706,274 0.6 14,223

August 2019

Centerra: Investor Relations Highlights

35

Research Coverage

Brokerage Firms Rating Target

1. BofA Merrill Lynch Neutral C$11.75

2. Canaccord Genuity Buy C$11.50

3. CIBC World Markets Outperform C$11.50

4. Cormark Securities Buy C$15.00

5. Credit Suisse Neutral C$10.00

6. Global Mining Research Buy C$10.00

7. Halyk Finance Buy C$9.35

8. National Bank Financial Hold C$11.75

9. Raymond James Outperform C$11.50

10. RBC Capital Markets Under Perform C$9.50

11. Scotiabank Outperform C$10.00

12. TD Securities Hold C$10.00

Average C$11.00

Top Ten (10) Institutional Shareholders

Institution/Firm June 30-2019

1. Van Eck Associates 10.59%

2. Blackrock 7.73%

3. Ruffer LLP 4.41%

4. Dimensional Fund Advisors 3.87%

5. Kopernik Global 3.12%

6. Vanguard Group 1.87%

7. Schroder Investment 1.16%

8. Franklin Advisors 1.13%

9. Capital Research Global Investors 1.00%

10. USAA Asset Management 0.94%

TOTAL 35.82%

August 2019

Board of Directors Background

STEPHEN A. LANG Chairman Appointed Director of Centerra’s Board, June 2008

BRUCE V. WALTER Vice Chair Appointed Director of Centerra’s Board, May 2008

SCOTT G. PERRY Director Appointed Director of Centerra’s Board, January 2016

RICHARD W. CONNOR Director Appointed Director of Centerra’s Board, June 2012

DUSHEN KASENOV Director Appointed Director of Centerra’s Board, May 2019

MASKAT KOBONBAEV Director Appointed Director of Centerra’s Board, May 2019

ASKAR OSKOMBAEV Director Appointed Director of Centerra’s Board, May 2018

MICHAEL S. PARRETT Director Appointed Director of Centerra’s Board, May 2014

JACQUES PERRON Director Appointed Director of Centerra’s Board, October 2016

SHERYL K. PRESSLER Director Appointed Director of Centerra’s Board, May 2008

SUSAN YURKOVICH Director Appointed Director of Centerra’s Board, May 2018

Centerra: Directors

36August 2019

TSX: CGwww.centerragold.com