Mr. David Tafel reports

CENTURION ANNOUNCES EFFECTIVE DATE OF SHARE CONSOLIDATION

Further to Centurion Minerals Ltd.'s Dec. 14, 2023, news release, the company is expecting its share consolidation to become effective on Jan. 3, 2024.

Centurion's articles of incorporation authorize the board of directors to approve the consolidation and by resolution (on December 14) the directors approved a consolidation of the Company's issued and outstanding common shares on the basis of one (1) post-Consolidation Common Share for every two (2) pre-Consolidation Common Shares. The trading symbol "CTN" will remain unchanged.

Upon completion of the Consolidation, the post-Consolidation Common Shares will continue to trade on the TSX Venture Exchange with a new CUSIP number: 15643T602 and ISIN number: CA15643T6025.

The Company currently has 31,469,069 common shares issued and outstanding and will have 15,734,521 shares outstanding on a post consolidated share basis. (There are no options or warrants outstanding.)

A "Letter of Transmittal" is being mailed by the Company's transfer agent (Endeavor Trust Company) to shareholders holding physical certificates, advising that the consolidation has taken effect and that shareholders should surrender their existing (pre-consolidation) common share certificates for new (post-consolidation) common share certificates. No fractional common shares of the Company shall be issued in connection with the consolidation and the number of common shares to be received by a Shareholder shall be rounded down to the nearest whole number.

The Consolidation is subject to final approval by the TSX Venture Exchange.

About Centurion Minerals Ltd.

Centurion Minerals Ltd. is a Canadian-based company with a focus on mineral asset exploration and development in the Americas. Centurion has executed an Option Agreement enabling it to earn a 100% interest in the Casa Berardi West Gold Project which is located in the prolific gold-producing, greenstone belt of the central Abitibi subprovince of north-eastern Ontario. The Agreement has received conditional Exchange approval.

We seek Safe Harbor.