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Centerra Gold Records 2020 Net Earnings of $408 5 million or $1 39 per Common Share, Adjusted Net Earnings (Non-GAAP) of $461 9 million or $1 57 per Common Share, Cash from Operations of $930 0 million and Free Cash Flow (Non-GAAP) of $603 8 million

2021 Guidance Highlights Copper production guidance of 70 to 80 million pounds. Gold production costs guidance of $475 to $525 per ounce. All-in sustaining costs on a by-product basis NG guidance of $850 to $900 per ounce is higher than 2020 primarily due to Kumtor processing lower grade material from its stockpiles on surface. All-in costs on a by-product basis NG guidance of $1,175 to $1,230 per ounce. Total capital spending guidance of $430 to $480 million including capitalized stripping is higher than 2020 due to increased spending at Kumtor and Mount Milligan. Total capitalized stripping guidance of $230 to $245 million including $220 to $230 million at Kumtor primarily for mining cut-back 20 and $10 to $15 million at Öksüt.

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