Centurion Minerals Secures $207,500 in Private Placement Funding

Centurion Minerals Ltd. has successfully closed the first tranche of its non-brokered private placement, securing $207,500 through the issuance of 4,150,000 units at a price of $0.05 per unit. Each unit consists of one common share and one common share purchase warrant, with the warrants having an exercise price of $0.08 for a period of 36 months.

The financing proceeds will be directed towards working capital and general corporate activities. Shares issued in this private placement will be subject to a four-month hold period, which will expire on March 14, 2026.

Details of the Offering and Insider Participation

As part of the transaction, Centurion will pay $12,000 in cash as finders’ fees, along with 240,000 broker warrants under the same terms as those offered to other participants. The private placement was conducted under the relevant prospectus exemptions of applicable securities laws and is pending final acceptance by the TSX Venture Exchange.

David G. Tafel, an officer and director of Centurion, purchased 250,000 units for a total investment of $12,500. This purchase is classified as a “related party transaction” under the Exchange Policy 5.9 and Multilateral Instrument 61-101. Centurion has availed itself of exemptions from the formal valuation and minority shareholder approval requirements, as the transaction does not exceed 25% of the Company’s market capitalization.

Following this placement, Tafel holds 1,675,787 common shares, representing approximately 9.27% of the total issued shares on a non-diluted basis. If considering the exercise of outstanding options and warrants, his ownership stake increases to 14.56%. Prior to this tranche, Tafel owned 1,425,787 common shares, accounting for 10.24% of the total shares.

Company Background and Future Outlook

Centurion Minerals Ltd. is a Canadian company focused on the exploration and development of precious mineral assets in the Americas. The company holds the right to earn a 100% interest in the Casa Berardi West Gold Project, located in a prominent gold-producing region of northeastern Ontario.

Tafel has indicated that the units acquired were for investment purposes, emphasizing a long-term view. He may consider acquiring additional securities or selling existing ones, depending on market conditions and other factors.

The securities mentioned in this announcement have not been registered under the U.S. Securities Act of 1933 or any U.S. state securities laws, and cannot be offered or sold in the United States without appropriate registration or exemption. This announcement does not constitute an offer to sell or a solicitation to buy securities in the United States.

For further inquiries, David G. Tafel can be contacted at 604-484-2161.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary statements regarding forward-looking information are included in this release and relate to future performance and expectations of management regarding various potential outcomes.