Mr. David Tafel reports

CENTURION ANNOUNCES PRIVATE PLACEMENT FINANCING

Centurion Minerals Ltd. has arranged a non-brokered private placement financing for up to $200,000 priced at two cents per unit.

The unit offering comprises one common share and one share purchase warrant. Each warrant shall have a term of 24 months commencing on the closing date, entitling the holder to purchase one common share at a price of five cents for two years.

Financing proceeds are anticipated to be allocated as to 60 per cent for working capital and general corporate activities, 30 per cent for project exploration, and 10 per cent for corporate communications. Closing will be subject to TSX Venture Exchange approval and any shares issued will be subject to a four-month hold period.

The financing announced on Oct. 29 has been cancelled.

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.

We seek Safe Harbor.