Mr. David Tafel reports

CENTURION INCREASES PRIVATE PLACEMENT FINANCING

Centurion Minerals Ltd., due to an increase in interest, has expanded its private placement financing to up to $550,000 priced at two cents.

Approximately $450,000 will consist of a unit offering comprising one common share and one-half share purchase warrant. Each full warrant shall have a term of 24 months commencing on the closing date and shall entitle the holder to purchase one common share at a price of five cents during the first year and 10 cents during the second year. Up to $100,000 will consist of a flow-through share only priced at two cents.

Fifty per cent of the financing proceeds are allocated for property payments and furthering exploration activities on the Casa Berardi West gold project, up to 12 per cent for non-arm's-length payments and up to 10 per cent for corporate communications. The balance shall be used for working capital and general corporate activities. Closing will be subject to TSX Venture Exchange approval, and any shares issued will be subject to a four-month hold period.

About Centurion Minerals Ltd.

Centurion Minerals 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-per-cent interest in the Casa Berardi West gold project which is located in the prolific gold-producing, Greenstone belt of the central Abitibi subprovince of Northeastern Ontario. The agreement has received conditional exchange approval.

We seek Safe Harbor.