Oksut Q4 - 2014

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Centerra Gold Inc. - Oksut Gold Project Drill Results Period October 1st, 2014 to December 31st, 2014 Page 1 of 1

Drill Hole

Target

Section Line

ODD244

Keltepe Exploration

50_KT

From (m)

ODD246

ODD247

ODD248

ODD249

ODD250

ODD251

ODD252

330_GT

Guneytepe Infill

Keltepe NW Exploration

Keltepe Exploration

ODD254

42.7

35.7

1.46

oxide/partially oxidized

14.0

37.7

23.7

1.86

oxide/partially oxidized

42.7

54.8

12.1

0.89

sulphide

54.8

87.7

32.9

1.13

oxide

72.7

17.9

1.05

oxide

and

79.0

87.7

8.7

1.87

oxide

87.7

95.5

7.8

2.57

partially oxidized

95.5

121.5

26.0

0.56

oxide/sulphide

127.0

154.0 (EOH)

27.0

0.31

sulphide

57.0

62.0

5.0

0.33

oxide

68.0

87.7

19.7

0.30

oxide

100_KTNW

150_KT

0.0

10.0

10.0

0.31

oxide

16.0

22.0

6.0

0.22

oxide

50.7

67.0

16.3

0.55

oxide

73.0

89.8

16.8

0.25

oxide

89.8

97.3

7.5

0.38

sulphide

109.3

161.1

51.8

0.27

sulphide

101.0

134.8

33.8

1.06

oxide

108.0

129.1

21.1

1.47

oxide

0.0

7.4

7.4

0.48

oxide

28.0

106.1

78.1

0.53

oxide/sulphide

8.0

36.0

28.0

0.40

oxide

152.5

170.0

17.5

0.31

oxide

170.0

195.5

25.5

0.21

sulphide

337.0

343.5

6.5

0.48

oxide/partially oxidized

270_GT

Keltepe NW Exploration

Keltepe Exploration

Keltepe Exploration

0_KTNW

500_KT

600_KT

Includes

172.0

261.0

89.0

0.45

oxide

236.6

245.6

9.0

1.71

oxide

311.0

345.0

34.0

0.25

oxide

353.0

359.0

6.0

0.29

oxide

42.6

233.0

190.4

0.51

oxide

Includes

ODD253

7.0

54.8

Includes Guneytepe Infill

Keltepe Exploration

Guneytepe Infill

650_KT

330_GT

ODD255

Keltepe Exploration

150_KT

ODD256

Keltepe Infill

300_KT

Oxidation

includes

300_GT

Guneytepe Infill

Au (g/t)

No Signficant Intercepts

includes

ODD245

Core Length (m)

To (m)

54.2

71.8

17.6

1.08

oxide

253.0

267.0

14.0

0.29

oxide

277.0

291.1

14.1

0.30

oxide

355.2

362.0

6.8

0.30

oxide

419.0

424.0

5.0

0.30

sulphide

0.0

57.0

57.0

1.09

oxide/partially oxidized

20.0

37.6

17.6

2.00

oxide

Includes

Includes

57.0

133.0

76.0

0.31

sulphide

133.8

160.5

26.7

1.07

oxide

133.8

146.8

13.0

1.63

oxide

99.0

110.0

11.0

1.10

oxide

Notes: Mineralized intervals are greater than 0.20 g/t Au. Higher grade sub-intervals are greater than 1.00 g/t Au. Minimum 5m width and maximum of 5m internal dilution. True widths for mineralized zones are about 60% to 90% of stated down hole interval. Oxidation assignment is a visual discrimination from core logging. This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101. Tables are current as of December 31st, 2014.

Centerra Gold Inc. - Oksut Gold Project, Turkey Diamond Drill Hole Locations Period October 1st, 2014 to December 31st, 2014 Page 1 of 1

Drill Hole

Target

Section Line

Location Easting *

Location Northing *

Elevation (m)

Length (m)

Collar Azimuth **

Collar Dip

ODD0244

Keltepe Exploration

50_KT

719,840

4,240,120

1,855.00

371.00

77

-50

ODD0245

Guneytepe Infill

330_GT

719,301

4,239,767

1,664.00

154.00

60

-45

ODD0246

Keltepe NW Exploration

100_KTNW

718,639

4,240,952

1,654.00

238.40

77

-75

ODD0247

Guneytepe Infill

300_GT

719,320

4,239,730

1,674.00

165.00

60

-45

ODD0248

Keltepe Exploration

150_KT

719,772

4,240,219

1,851.00

220.80

77

-50

ODD0249

Guneytepe Infill

270_GT

719,371

4,239,743

1,685.00

150.10

60

-45

ODD0250

Keltepe NW Exploration

0_KTNW

718,909

4,240,914

1,713.00

199.60

257

-45

ODD0251

Keltepe Exploration

500_KT

719,113

4,240,387

1,796.00

416.70

0

-90

ODD0252

Keltepe Exploration

600_KT

719,156

4,240,518

1,769.00

454.10

0

-90

ODD0253

Keltepe Exploration

650_KT

719,302

4,240,594

1,811.00

513.00

0

-90

ODD0254

Guneytepe Infil

330_GT

719,408

4,239,814

1,706.00

146.70

0

-90

ODD0255

Keltepe Exploration

150_KT

719,808

4,240,232

1,858.00

167.70

77

-45

ODD0256

Keltepe Infill

300_KT

719,692

4,240,339

1,864.00

187.70

0

-90

Notes: Section line is location of the hole collar. This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101. Table is current as of December 31st, 2014.

* Datum is UTM ED50 Zone 36 ** Azimuths are relative to grid

Öksüt Project – Q4 2014

Öksüt Geology Map and Drillhole Locations Keltepe NW Zone Boztepe Zone Oksut Project

Keltepe Zone

Oksut Operational License Boundary

Büyüktepe Zone Keltepe NW

Güneytepe Zone

Keltepe

Boztepe Büyüktepe

Güneytepe Yelibelentepe

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

Yelibelentepe Zone 1

Öksüt Project – Q4 2014

Keltepe Prospect Drill Hole Locations and Geology

ODD253

ODD252

ODD251 ODD256

ODD255 ODD248 ODD244

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

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Öksüt Project – Q4 2014

Keltepe - Section 50_KT SW

NE

ODD244 ODD215 ODD219 ODD225

reference line

ODD236

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

3

Öksüt Project – Q4 2014

Keltepe - Section 150_KT SW

NE

ODD214

ODD255 1.07 / 26.7m Incl. 1.63 / 13.0m

reference line

ODD248 1.06 / 33.8m Incl. 1.47 / 21.1m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

4

Öksüt Project – Q4 2014

Keltepe - Section 300_KT SW

NE

ODD125 ODD054

ODD256 1.10 / 11.0m

reference line

ODD047

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

5

Öksüt Project – Q4 2014

Keltepe - Section 500_KT SW

NE

ODD023

ODD251

ODD100

ODD208

ODD028A ODD028 ODD045

reference line

ODD251 0.48 / 6.5m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

6

Öksüt Project – Q4 2014

Keltepe - Section 600_KT SW

NE

ODD252

ODD136 ODD104 ODD082 ODD140

ODD089

ODD129 ODD079 ODD085

ODD252 0.45 / 89.0m Incl. 1.71 / 9.0m

ODD252 0.25 / 34.0m

reference line

ODD252 0.29 / 6.0m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

7

Öksüt Project – Q4 2014

Keltepe - Section 650_KT SW

NE

ODD074 ODD141 ODD163

ODD198

ODD253 0.51 / 190.4m Incl. 1.08 / 17.6m

ODD051

ODD253 0.29 / 14.0m ODD253 0.30 / 14.1m

ODD253 0.30 / 5.0m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

reference line

ODD253 0.30 / 6.8m

8

Öksüt Project – Q4 2014

Güneytepe Prospect Drill Hole Locations and Geology

ODD254 ODD245 ODD247

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

9

Öksüt Project – Q4 2014

Güneytepe - Section 270_GT SW

NE ODD021 ODD011

ODD249 0.48 / 7.4m

ODD249

ODD161

ODD099

ODD014 ODD193

ODD241 ODD031

ODD249 0.53 / 78.1m

ODD224 ODD108 ODD032

reference line

ODD044

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

10

Öksüt Project – Q4 2014

Güneytepe - Section 300_GT SW

NE

ODD247 0.31 / 10.0m ODD168 ODD006

ODD247 0.55 / 16.3m

ODD247 ODD033

ODD171

ODD247 0.25 / 16.8m ODD224

ODD247 0.22 / 6.0m

ODD247 0.38 / 7.5m

ODD031 ODD241

reference line

ODD247 0.27 / 51.8m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

11

Öksüt Project – Q4 2014

Güneytepe - Section 330_GT SW

NE

ODD117 ODD112 ODD009

ODD254

ODD254 1.09 / 57.0m Incl. 2.00 / 17.6m

ODD245

ODD254 0.31 / 76.0m

ODD022

ODD245 2.57 / 7.8m ODD224

ODD031

ODD245 1.46 / 35.7m Incl. 1.86 / 23.7m

ODD245 0.89 / 12.1m

ODD245 0.56 / 26.0m ODD245 0.31 / 27.0m

reference line

ODD245 1.13 / 32.9m Incl. 1.05 / 17.9m and 1.87 / 8.7m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

12

Öksüt Project – Q4 2014

Keltepe NW Prospect Drill Hole Locations and Geology

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

13

Öksüt Project – Q4 2014

Keltepe NW - Section 0_KTNW SW

NE

ODD229

ODD250 ODD218

ODD231 ODD240

ODD250 0.40 / 28.0m

ODD250 0.31 / 17.5m

reference line

ODD250 0.21 / 25.5m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

14

Öksüt Project – Q4 2014

Keltepe NW - Section 100_KTNW SW

NE

ODD203

ODD227 ODD043 ODD246 ODD071

ODD246 0.33 / 5.0m

reference line

ODD246 0.30 / 19.7m

This information should be read together with our news release of February 9th, 2015. Malcolm Stallman, a Member of the Australian Institute of Geoscientists (AIG), is Centerra’s qualified person for the purpose of National Instrument 43-101.

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