Mr. David Tafel reports

CENTURION MINERALS LTD. ANNOUNCES LATE FILING OF ANNUAL FINANCIAL STATEMENTS AND MD&A

Centurion Minerals Ltd.'s audited annual financial statements and the related management's discussion and analysis for the financial year ended July 31, 2024, are not expected to be finalized by Nov. 28, 2024, being the date that such filings are due under applicable Canadian securities law requirements. The company has applied to the B.C. Securities Commission as the company's principal regulator for a management cease trade order.

Reasons for the anticipated delay are certain administrative delays in relation to the audit.

The company currently expects to file the required filings on or before Jan. 27, 2025, and will issue a press release announcing completion of such filings once completed. Until the company files the required filings, it will comply with the alternative information guidelines set out in National Policy 12-203 (Management Cease Trade Orders). These guidelines require the company to issue biweekly default status reports by way of a press release during the period of the MCTO.

During the MCTO, the general investing public will continue to be able to trade in the company's listed common shares; however, the company's chief executive officer and chief financial officer will not be able to trade in the company's common shares.

About Centurion Minerals Ltd.

Centurion is a Canadian-based company with a focus on precious mineral asset exploration and development in the Americas. Centurion can 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.

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