Centerra Gold Inc. announced that Paul Wright has replaced Scott Perry as President of Centerra. Mr. Wright, a director of Centerra, will act as interim President to manage the Company through a leadership transition period, as the Board works with an executive search firm to select Centerra's long-term Chief Executive Officer. In connection with this leadership transition, Mr. Perry also resigned as a director of Centerra and will not be nominated for election to the Board at the Company's upcoming Annual Meeting of Shareholders to be held on September 22, 2022.

The Board has determined to reduce the number of directors from 9 to 8 and the 8 other directors identified in Centerra's management information circular dated August 19, 2022 will stand for election at the upcoming Annual Meeting of Shareholders. Mr. Wright has agreed to lead the Company on an interim basis. Mr. Wright brings over 40 years of extensive international experience in the mining industry.

Mr. Wright retired from Eldorado Gold in April 2017 where he had served as President and CEO since 1999. He has served as a director of Centerra since his election to the Board in May 2020.