October 4, 2019TSX: CGwww.centerragold.com

Öksüt Gold ProjectPhotographic Construction Update 11

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) $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 (3) January-2020

Project 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

Start construction March 2018 on track first gold Q1 2020

Bought back Stratex and Teck royalties in 2015 & 2016

US$150MM low-cost financing in-place

Öksüt Heap Leach PadCatalyst Schedule

Öksüt Gold Project

(1) Non-GAAP measure see “Non-GAAP Measures” in Centerra’s MD&A and news release of July 30, 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 July 30, 2019.October 2019 2

General Mine Site Layout

October 2019 3

Admin Offices and Crushing Area Overview

October 2019 4

Chemical Storage Shed Construction

October 2019 5

Haul Roads and Keltepe Open Pit Location

October 2019 6

Keltepe Open Pit

OMAS Weather Station

Topsoil Stockpile

Haul Road

Keltepe Open Pit Mining

October 2019 7

Mining Keltepe Open Pit

October 2019 8

Mining Keltepe Open Pit

October 2019 9

North Waste Rock Dump

October 2019 10

Primary & Secondary Crushers

October 2019 11

Heap Leach Pads 1A and 1B

October 2019 12

Heap Leach Piping Installation

October 2019 13

Heap Leach Over Liner Material

October 2019 14

ADR Plant, CIC Tanks and PLS Pond

October 2019 15

Barron Solution Tank and Pumps

October 2019 16

WRD Pond and Silt Trap Construction

October 2019 17

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