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Centerra Gold 2021 First Quarter Results Conference Call and Annual Meeting of Shareholders Details

Share: TORONTO, April 09, 2021 (GLOBE NEWSWIRE) Centerra Gold Inc. ( Centerra ) (TSX:CG) will host a conference call and webcast to discuss the 2021 first quarter operating and financial results on Tuesday, May 11, 2021 at 8:30 a.m. (Toronto time). The quarterly results are scheduled to be released before the market opens on Tuesday, May 11, 2021. The Company will also host its 2021 Annual Meeting of Shareholders on May 11, 2021 at 11:00 a.m. (Toronto time) in a virtual only format. 2021 First Quarter Results Conference Call and Webcast Tuesday, May 11, 2021 at 8:30 a.m. (Toronto Time), call-in numbers are as follows: North American participants: toll-free number +1 (800) 582-1443 International participants call: +1 (212) 231-2910

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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