CTN Class A Common Shares

Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") is
pleased to announce that it has now closed on the second tranche of its brokered
private placement and issued 625,000 common share units, bringing the total
gross proceeds of the financing to $1.25 Million.


The second tranche consisted of 625,000 Units priced at $0.40 for total gross
proceeds of $250,000. Each Unit consists of one common share and one half
warrant. Each whole warrant is exercisable for one common share at $0.55 for a
period of eighteen months following the closing. The units are subject to a hold
period which expires in May 2012.


The Company paid Agent fees of $20,000 and issued 62,500 non-transferrable
Agent's warrants. Agent's warrants are exercisable into Units at $0.55 on the
same terms as those issued pursuant to the private placement. 


Proceeds from this financing will be used for exploration and drilling programs
on the Company's Banda Raya property located in Aceh Province, Northern Sumatra,
Indonesia, and for general working capital purposes. 


ABOUT CENTURION 

Centurion Minerals Limited is a Canadian-based company focused on the
exploration and development of gold and other precious metal projects in
Northern Sumatra, 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.

Class A (TSXV:CTN)
Historical Stock Chart
From Jun 2024 to Jul 2024

Class A (TSXV:CTN)
Historical Stock Chart
From Jul 2023 to Jul 2024