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Centerra Gold 2016 Year-End Gold Mineral Reserves Increase to 16 Million Contained Ounces

This news release contains forward-looking information that is subject to the risk factors and assumptions set out on page 8 and in our Cautionary Note Regarding Forward-looking Information on page 11. At Mount Milligan mineral reserves and mineral resources are presented on a 100% basis. Sales of gold and copper from the Mount Milligan mine fall under a streaming arrangement whereby Royal Gold Inc. is entitled to 35% and 18.75% of gold and copper sales, respectively. All figures are in United States dollars.