ATO Q4-2011

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Centerra Gold Inc. - ATO 2011 Drilling Summary Drill Hole Locations October 1st to December 31st, 2011 Page 1 of 1

Drill Hole

Location Easting

Location Northing

Elevation (m)

Length (m)

Collar Azimuth

Collar Dip

Comments

ATO-187

632,326.67

5,366,966.94

1,058.20

152.00

125

-60

Exploration - no significant results

ATO-188

631,843.59

5,367,849.23

1,035.29

155.30

215

-60

Exploration - no significant results

ATO-189

631,305.84

5,366,895.34

1,028.92

63.20

125

-60

Exploration - no significant results

ATO-190

630,989.54

5,367,143.68

1,022.62

118.50

125

-60

Exploration - no significant results

ATO-191

630,792.22

5,367,518.01

1,014.56

149.30

125

-60

Exploration - no significant results

ATO-192

632,745.90

5,368,929.03

1,079.19

200.00

125

-60

Exploration - no significant results

ATO-193

631,197.17

5,367,034.51

1,028.72

149.30

125

-60

Exploration - no significant results

ATO-194

632,645.89

5,368,796.69

1,069.76

93.40

125

-60

Exploration - no significant results

ATO-195

631,866.52

5,367,192.07

1,053.18

152.30

125

-60

Resource

ATO-196

632,686.02

5,366,958.56

1,090.89

201.50

125

-60

Exploration - no significant results

ATO-197

631,962.42

5,367,232.90

1,047.76

710.30

215

-60

Resource

ATO-198

631679.45

5366980.10

1056.68

145.00

125

-60

Metallurgical - not sampled

ATO-199

631780.07

5367024.92

1069.28

150.00

125

-60

Metallurgical - not sampled

ATO-200

632077.68

5366928.88

1051.10

145.00

305

-60

Metallurgical - not sampled

ATO-201

631525.99

5367206.17

1066.04

125.00

125

-60

Metallurgical - not sampled

ATO-202

632,421.69

5,366,912.67

1,063.97

200.10

125

-60

Exploration - no significant results

ATO-203

630,511.82

5,367,909.55

1,028.62

299.10

305

-60

Exploration - no significant results

ATO-204

633,023.33

5,368,668.64

1,085.42

200.30

125

-60

Exploration - no significant results

ATO-205

629,791.38

5,367,498.30

1,007.28

152.30

125

-60

Exploration - no significant results

ATO-206

631,156.68

5,367,166.35

1,035.10

200.30

305

-60

Exploration - no significant results

ATO-207

631,389.74

5,366,841.14

1,033.75

152.30

305

-60

Exploration - no significant results

Centerra Gold Inc. - ATO 2011 Drilling Results Period October 1st, 2011 to December 31st, 2011 Page 1 of 1

Location

Section

Drill Hole

From (m)

To (m)

Core Length (m)

347.25

352.25

5.00

PIPE 1

Notes:

14 NE

14 SE

ATO197

Ag (g/t)

Pb %

Zn %

0.18

1.73

0.47

1.23

356.75

362.75

400.75

409.30

6.00

0.14

0.20

0.01

0.05

8.55

0.15

3.17

0.57

2.45

no significant results on section

ATO-195 * PIPE 1

Au (g/t)

ATO-195

no significant results

ATO-197 *

no significant results on section

* Partial mineralized interval, only intercept within section corridor +/- 15m, along section line. Mineralized intervals are greater than 0.10 g/t Au. Higher grade sub-intervals are greater than 1.00 g/t Au. Individual assays are top cut to 30 g/t Au prior to composite calculation. True widths for mineralized zones are about 20% to 50% of stated down hole interval. This information should be read together with our news release of February 9, 2012. Ian Atkinson, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101. Tables are current as of December 31, 2011.

Mongolia – Q4 2011

ATO Prospect, Drillhole Location Plan Map

This information should be read together with our news release of February 9,2012. Ian Atkinson, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

1

Mongolia – Q4 2011

ATO Prospect, Section 14NE

This information should be read together with our news release of February 9,2012. Ian Atkinson, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

2

Mongolia – Q4 2011

ATO Prospect, Section 14SE

This information should be read together with our news release of February 9,2012. Ian Atkinson, a Certified Professional Geologist, is Centerra’s qualified person for the purpose of National Instrument 43-101.

3