Centerra Gold Announces Election of Directors

| Source: Centerra Gold Inc. Centerra Gold Inc.

TORONTO, ON--(Marketwired - May 17, 2016) - Centerra Gold Inc. (TSX: CG) ("Centerra" or the "Company") announced that the eleven nominees listed in the management information circular for the 2016 Annual Meeting of Shareholders (the "Meeting") held earlier today were elected as directors of Centerra. The vote for director nominees was conducted by ballot. 211,931,501 shares were voted at the Meeting, representing 87.57% of Centerra's issued and outstanding common shares. The detailed results of the vote are set out below:

                     
Nominee
  Votes For   % Votes For
  Votes Withheld
  % Votes  Withheld
  % Votes For Excluding Kyrgyzaltyn Vote
                     
Richard W. Connor   126,837,770   60.29   83,555,975   39.71   95.37
Raphael A. Girard   132,217,891   62.84   78,175,854   37.16   99.42
Eduard Kubatov   209,147,645   99.41   1,246,100   0.59   99.06
Nurlan Kyshtobaev   209,148,935   99.41   1,244,810   0.59   99.06
Stephen A. Lang   129,372,703   61.49   81,021,042   38.51   97.28
Michael Parrett   132,490,821   62.97   77,902,924   37.03   99.62
Scott G. Perry   129,747,938   61.67   80,645,807   38.33   97.56
Sheryl K. Pressler   132,396,234   62.93   77,997,511   37.07   99.55
Terry V. Rogers   131,634,888   62.57   78,758,857   37.43   98.98
Bektur Sagynov   206,847,322   98.31   3,546,423   1.69   97.33
Bruce V. Walter   129,440,721   61.52   80,953,024   38.48   97.33
                     

In connection with the voting for the election of directors, Centerra notes that Kyrgyzaltyn JSC ("Kyrgyzaltyn") is wholly owned by the Kyrgyz Republic and owns approximately 32% of the outstanding common shares of Centerra. Kyrgyzaltyn is the Company's largest shareholder and it withheld its votes from the election of all director nominees other than Messrs. Kubatov, Kyshtobaev and Sagynov. The director nominees other than Messrs. Kubatov, Kyshtobaev and Sagynov received, on average, over 98% of the votes cast in favour of their election (excluding the votes attached to the shares of Kyrgyzaltyn).

Final voting results on all matters voted on at the Meeting will be filed on SEDAR at www.sedar.com.

About Centerra

Centerra is a Canadian-based gold mining company focused on operating, developing, exploring and acquiring gold properties in Asia, North America and other markets worldwide. Centerra is the largest Western-based gold producer in Central Asia. Centerra's shares trade on the Toronto Stock Exchange (TSX) under the symbol CG. The Company is headquartered in Toronto, Ontario, Canada.

Additional information on Centerra is available on the Company's web site at www.centerragold.com and at SEDAR at www.sedar.com.

Attachment Available: http://www.marketwire.com/library/MwGo/2016/5/17/11G098750/14-2016AGM-results_of_voting-Final-ca99f8d1b58889158b7a8fa0a04a6648.pdf

Contact Information:

For more information:
John W. Pearson
Vice President, Investor Relations
(416) 204-1953

www.centerragold.com