March 27, 2019TSX: CGwww.centerragold.com

Öksüt Gold ProjectPhotographic Construction Update 8

Öksüt: Funded High Margin Gold Production

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) $221

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 (3) Q1-2020

2015 Feasibility Highlights

EIA approval received in November 2015

Forestry Permit & GSM License received July 2016

Pastureland Permit received January 2018

Investment Incentive Certificate received February 2018

Construction commenced late-March 2018

Bought back Stratex and Teck royalties

US$150MM low-cost financing in-place

Admin AreaCatalyst Schedule

Öksüt Gold Project

(1) Non-GAAP measure see “Non-GAAP Measures” in Centerra’s MD&A and news release of February 22, 2019.(2) Refer to February 22, 2019 news release and Technical Report on Öksüt Gold Project dated September 3, 2015.(3) Forward-looking information refer to news release of February 22, 2019.March 2019 2

General Mine Site Layout

March 2019 3

Admin Office Area Overview

March 2019 4

Haul Road and Keltepe Open Pit Location

March 2019 5

Primary Crusher Steel Work 

March 2019 6

Crushing Area ‐ Crushers in Place

March 2019 7

Hydraulic Rock Breaker Onsite

March 2019 8

Stacker Conveyor Installation

March 2019 9

ADR Plant Construction

March 2019 10

ADR Plant Construction

March 2019 11

ADR Plant ‐ Tanks/Regen Plant

March 2019 12

ADR Plant – Carbon Tanks

March 2019 13

Carbon Regen Plant

Carbon Fines Tank

Quench Tank

Carbon Attrition

Tank

Barren Ellution Tank Installed

March 2019 14

Electro Winning / Filter Press Installed

March 2019 15

Vibrating Carbon Screen Onsite

16March 2019

Electric Sub‐Station Construction

March 2019 17

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