Mr. Doug Fulcher reports

CENTENARIO ANNOUNCES THE APPOINTMENTS OF SENIOR POSITIONS FOR THE EXPLORATION ON THE CABOT COPPER/GOLD PROJECT, NEWFOUNDLAND

Centenario Gold Corp. has appointed Paul LeGrow as the company's senior geologist/project manager overseeing the exploration and development of the Cabot copper/gold/cobalt exploration project. Mr. LeGrow will oversee the continuing exploration and drilling programs of Centenario's Cabot property located approximately 10 kilometres from town of Baie Verte in Newfoundland and Labrador, Canada.

Paul LeGrow -- senior project geologist/exploration manager

Mr. LeGrow is a senior geologist with a bachelor of science degree in earth science and over 30 years of employment experience in multiple mineral exploration and mining projects in Newfoundland and Labrador. Including employment as a provincial government project geologist, exploration geologist, mine geologist (underground and open pit mines) and a resource geologist. He has proven geological expertise in mapping and field sampling, core logging, data management and analysis, ore body modelling and grade estimation, and project planning and management including drilling projects.

Mr. LeGrow currently lives in the town of Baie Verte located just 10 kilometres from the Cabot site.

Mr. LeGrow joined the Centenario team from his role with Maritime Resources/New Found Gold Corp. at the Hammerdown mine located at King's Point in Newfoundland (open-pit gold), where he was initially a field geologist with Maritime Resources starting in February, 2021, and then a mine geologist with New Found Gold from November, 2025, until joining the company's team on June 1, 2026.

Prior to his role at the Hammerdown deposit Mr. LeGrow worked at the Ming mine (underground copper and gold), operated by Rambler Metals & Mining PLC in Baie Verte, Newfoundland, as its mineral resource geologist, from September, 2012, to February, 2021.

Mr. LeGrow brings a wealth of experience working in Newfoundland for most of his career. His previous knowledge of the Cabot project and geology of the surrounding area helps the company as we commence the upcoming exploration and drilling programs.

Larry Pilgrim -- QP (qualified person)/adviser

The company is also very pleased to announce that Mr. Pilgrim will also be joining the company's team as QP for the project as well as geological adviser to the Cabot project.

Mr. Pilgrim currently lives in Kings Point, Nfld.

Previously he held the position of senior geologist for Richmont Mines Inc. during the original evaluation and development of the Hammerdown gold mine in 2000 where he worked until the mine closed in 2004 due to low gold prices.

Mr. Pilgrim holds a bachelor of science degree in geology from Memorial University and is a member of Professional Engineers and Geoscientists of Newfoundland, with more than 40 years of experience in exploration, ore grade control and mineral resource planning. Mr. Pilgrim joins the Centenario team as he transitions from his role as exploration manager/project manager with Maritime Resources from 2017 to November, 2025, and prior to that Rambler Metals & Mining Canada PLC (Rambler) as exploration superintendent where he managed large exploration programs, ore grade control for the mine, and was a senior staff member participating in mine planning and acquisition evaluations.

Doug Fulcher, president and chief executive officer, comments: "We are extremely excited to have both Paul and Larry join our team. Having worked together over many years on various projects, their combined knowledge of multiple mineral deposits in Newfoundland, the Cabot project and other historical mining operation will be invaluable as we move forward with the Cabot project. Their professional network within the Newfoundland and Labrador region, with the local communities, government agencies and the local talented work force will be a valuable asset for the company's growth plans. Paul and Larry will work closely to oversee the exploration and drilling programs planned for this summer on the Cabot high-grade copper and gold and strategic metals property."

Proposed 2026 work program on the Cabot property

For the 2026 field season, Centenario Gold will execute a strategic, two-pronged exploration program at its Cabot project on the Baie Verte Peninsula to aggressively advance a multicommodity asset portfolio consisting of precious, base and critical minerals. The first prong will focus on further delineating untested copper-rich EM stringer zones and adjacent, potentially economic flake graphite zones for an aggressive follow-up diamond drilling program. To better understand the structural controls on mineralization an high-resolution lidar (light detection and ranging) survey will be deployed to map surficial structures. Simultaneously, the second prong will fast-track exploration around the historic Marble Cove gold prospect. This initiative will integrate a comprehensive compilation of historical data with targeted geochemical surveys and reconnaissance geological mapping, leveraging historical high-grade gold results to establish a high-confidence structural vectoring model across the broader property. To execute these objectives safely and efficiently, a detailed exploration program is currently being planned, and a dedicated field crew will be mobilized to the property to initiate ground operations as soon as permits are received.

It should also be noted that the Cabot property has very strong cobalt and graphite mineralization that the team will be following up on during these initial phases of work.

About Cabot property

The Cabot project is a copper-gold-cobalt-graphite exploration property with two distinct mineralized zones: a copper-cobalt rich system known as the Cabot copper zone and a separate quartz-vein hosted gold system known as the Marble Cove gold prospect that covers over 20.75 square kilometres (2,075 hectares). The project is strategically located in a top-tier mining jurisdiction with road access, power infrastructure and proximity to producing mines.

Cabot Copper zone highlights:

• Sampling has returned grades of up to 7 per cent Cu, with multiple kilometre-scale mineralized trend identified in the Main Cabot VMS zone;
• Copper occurs as chalcopyrite and bornite within altered volcanic and sedimentary units, indicating a strong hydrothermal system;
• Geophysics and soil surveys have defined five drill-ready targets, four of which have not been tested by drilling or trenching;
• The project is located in a rapidly developing VMS (volcanogenic massive sulphide) district with a long history of historic mine development; located just 15 kilometres from Firefly Metals' (Australian Securities Exchange: FFM) Ming copper-gold mine a significant mineral project with a current estimated MI resource (November, 2025) of 50.4 Mt (million tonnes) of 2.0 per cent CuEq (copper equivalent) with an inferred resource or 29.3 Mt of 2.5 per cent CuEq.

Marble Cove gold prospect highlights:

• A separate area of the project hosts gold mineralization, with historic sampling returning up to 70.38 g/t Au;
• Gold is associated with narrow structurally controlled quartz sulphide veins;
• Situated in a favourable geological setting, approximately four kilometres west and along strike of the mineralized trends of New Found Gold Corp. (Toronto Stock Exchange: NFG) Point Rousse gold project. Point Rousse has produced over 200,000 ounces of gold and hosts three major mineralized trends, each extending three to eight km before terminating at the coast. Marble Cove lies directly west, across the bay from these known gold-bearing structures.

Qualified person

Mr. Pilgrim is an independent qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical disclosure contained in this release.

Reader caution: The qualified person has not verified the information on the adjacent properties nor mineralization found on adjacent and/or geologically similar properties which are not necessarily indicative of mineralization found on the property.

About Centenario Gold Corp.

Centenario Gold is a mineral exploration company incorporated in British Columbia and headquartered in Vancouver, Canada. The company is focused on the acquisition, exploration and development of high-potential mineral projects in the Americas, with a primary emphasis on gold, copper and silver.

The company is committed to responsible exploration and development, working closely with local communities and stakeholders. Centenario's management team brings extensive experience in mineral exploration, project development and capital markets.

Centenario Gold is listed on the TSX Venture Exchange and continues to evaluate new opportunities to expand its portfolio in both Mexico and Canada, and deliver value to shareholders.

We seek Safe Harbor.