CTN Class A Common Shares

Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") wishes to
update its shareholders on the progress of its exploration and drilling
activities on the Nareh epithermal gold prospect within the Badak Property in
North Sumatra. 


This epithermal gold prospect, together with porphyry copper and gold-copper
skarn prospects (originally announced in a news release dated August 11, 2011),
occurs in a 1.2 x 1 kilometre (km) volcanic-intrusive complex. The current
exploration program consists of ground magnetic and soil geochemical surveys
over the entire complex area (both the epithermal and porphyry copper
prospects), and a minimum of 4,000 metres (m) of reconnaissance diamond
drilling. 


Highlights of the Nareh Epithermal Gold Target Results to Date

Several high gold anomalies in rock and soil samples have been delineated within
the surveyed area, enabling Centurion to generate drill hole locations aimed at
discovering economically viable gold mineralization. The most significant
anomalies are as follows:




--  Assays from a total of 92 rock chip and 1-m channel samples within a 400
    x 600 m geochemical anomalous area indicate: 

  --  Continuous channel samples returned 11m of 2.83 g/t gold, with the
      highest gold grade of 11 g/t over one metre. 

  --  21 of the rock samples contain greater than 0.1 gram/ton (g/t) gold,
      including 6 rock chip samples collected at 1m spacing ranging from
      1.97 to 9.44 g/t gold.  

--  Assays from a total of 200 soil samples taken from an expanded 500 x
    1,400 m gold anomalous area indicate: 

  --  20 samples registering between 0.05 and 0.7 g/t gold.  

  --  130 out of 200 soil samples contain greater than 0.01 g/t gold, (the
      background/baseline value is 0.005 g/t gold), and gold is correlated
      positively with pathfinder elements Cu and As. 

--  The first diamond drill hole (NA DDH-005) on the Nareh gold prospect,
    collared at the gold anomaly, ended at a depth of 200 m, the maximum
    capacity of the drill rig. Assays of NA DDH-005 core samples are
    pending. 

--  The second hole, (NA DDH-006) located approximately 120 m north of the
    first hole and directed toward the southwest, is in progress. This hole
    is designed to test the continuity of the mineralization to the north
    and northwest. 



A link to a map of the Nareh prospect exploration program can be viewed here:
http://www.centurionminerals.com/i/maps/Nareh_DDH-Location_web_12Oct2011_v2.jpg 


Geology of Nareh Epithermal Gold Prospect

The Nareh epithermal gold mineralization occurs in a sequence of dacite and
rhyolite and subordinately of andesite and diorite, all of which are confined
within the Nareh volcanic-intrusive complex surrounded by older granodiorite,
marl, skarn and hornfels. Those magmatic rocks were variably altered to silica
and clay minerals, and brecciated in various places. The silicified rocks appear
to form topographically resistant lithocaps that underlie the postulated
porphyry mineralization on the basis of the occurrence of Cu-Au-Mo-bearing
outcrops at the foothill. In addition, partial oxidation is apparent in the
upper part of the rocks, where some of the highest gold grades are located. The
complex is cut by a series of NNE and NNW-trending faults, which control the
epithermal mineralization.


"We are extremely encouraged by the work done to date on the Nareh epithermal
gold prospect area. This large area marked by widespread gold soil anomalies and
the occurrence of elevated gold concentrations in outcrops demonstrate the
potential for a significant gold discovery," stated David Tafel, CEO of
Centurion.


Pending Assay Results from Nareh Prospect Porphyry Copper Drilling

On August 11, 2011, the Company announced the progress of the Phase I drilling
campaign on the Nareh porphyry copper target area. At that time, two drill
holes, NA DDH-001 and NA DDH-002, were terminated at 200m due to limitation of
the drilling rig despite visual observation of the presence of copper-bearing
sulfide minerals. Two additional holes, NA DDH-003 and NA DDH-004 have
subsequently been drilled. Complete assay results from these four drill holes
have not yet been received due to delayed analysis turn-around time from the
laboratory. Results will be reported when received.


Qualified Person, Quality Assurance and Quality Control

Thomas Mulja, Ph.D., P.Geo and Chief Operating Officer of the Company is the
Qualified Person under National Instrument 43-101 who has supervised the
preparation of the technical contents of this news release.


The sampling protocol is managed by Centurion Minerals under the supervision of
Thomas Mulja. Rock chips and sawn channel samples are sealed in poly zip lock or
"Hubco" sample bags and delivered to Intertek Testing and Inspection Services
preparation laboratory in the city of Medan, North Sumatra. The resulting pulps
are sent directly by the laboratory staff to its headquarters analytical
laboratory in Jakarta. The Jakarta Laboratory is ISO 90001 and 17025 accredited
and employs a Laboratory Information Management System for sample tracking,
quality control and reporting. In addition to Intertek internal standard
materials and blank samples, Centurion regularly inserts into every sample batch
its own certified rock standards from OREAS and GEOSTATS, Australia, and field
duplicate samples. Gold is determined with fire assay methods (FA 50), and other
elements with Induced Coupled Plasma-Optical Emission Spectrometry (ICP-OES;
Intertek Codes: IC01 and IC50). Intertek systematically re-assays selected low,
high, and over-limit results.


ABOUT CENTURION 

Centurion Minerals Limited is an Indonesian-based, Canadian-headquartered
company focused on the procurement, exploration and development of gold, copper
and other precious metal projects in Indonesia. 


On Behalf of the Board,

David G. Tafel, President and CEO

This news release may contain forward looking statements concerning future
operations of Centurion Minerals Ltd. (the "Company"). All forward looking
statements concerning the Company's future plans and operations, including
management's assessment of the Company's project expectations or beliefs may be
subject to certain assumptions, risks and uncertainties beyond the Company's
control. Investors are cautioned that any such statements are not guarantees of
future performance and that actual performance and exploration and financial
results may differ materially from any estimates or projections.

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