Centerra Gold Inc.

8.45

Canada & Ontario Toronto

1 University Avenue, Suite 1500

+1 416 204-1953

www.centerragold.com

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Company Press Releases

Centerra Gold's Mount Milligan PFS Outlines Mine Life to 2045, Delivering Growth with a Fully Funded, Disciplined $186 Million Growth Capital Plan

TORONTO, Sept. 11, 2025 (GLOBE NEWSWIRE) -- Centerra Gold Inc. (“Centerra” or the “Company”) (TSX: CG) (NYSE: CGAU) is pleased to announce the results of a Pre-Feasibility Study (“PFS”) for its Mount Milligan mine (“Mount Milligan”) in British Columbia, confirming a life of mine (“LOM”) extension of approximately 10 years, to 2045. The extension is driven by disciplined future investments, including increasing process plant capacity in 2029 and constructing a second tailings storage facility (“TSF”) i...

Midland Announces Closing of $6.1 Million Private Placement with Strategic Investment from Centerra Gold

MONTREAL, July 28, 2025 (GLOBE NEWSWIRE) -- Midland Exploration Inc. (“Midland” or the “Corporation”) (TSX-V: MD) is pleased to announce the closing of a previously announced private placement (see press release dated July 22, 2025), for gross proceeds of $5,058,750 from the sale of 10,650,000 shares of the Corporation (each a “FT Share”) at a price of $0.475 per FT Share. Each FT Share will qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) (“Tax Act”)....

Centerra Gold Announces Attractive Economics on the Goldfield Project; Proceeding with Project Development and Construction Activities

The Goldfield Project is expected to have after-tax NPV5% of $245M and IRR of 30% This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States dollars unless otherwise stated. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP Financial Measures” disclosures at the end of this ne...

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