Centurion Minerals Secures $207,500 in Private Placement Funding

Centurion Minerals Ltd. has successfully closed the first tranche of its non-brokered private placement, raising a total of $207,500. The Vancouver-based company issued 4,150,000 units, each priced at $0.05. Each unit consists of one common share and one purchase warrant, allowing investors to purchase additional shares at an exercise price of $0.08 for a period of 36 months.

The funds raised from this placement will be directed towards working capital and general corporate activities. The common shares will be subject to a hold period of four months, which will expire on March 14, 2026.

Details of the Transaction

As part of the transaction, Centurion will pay $12,000 in cash and issue 240,000 broker warrants to finders, with terms that mirror those of the units sold. This private placement was executed in accordance with applicable securities laws and is pending final approval from the TSX Venture Exchange.

David Tafel, an officer and director of Centurion, purchased 250,000 units for a total of $12,500. His participation in the placement is categorized as a “related party transaction” under Exchange Policy 5.9 and Multilateral Instrument 61-101. The company has utilized exemptions from formal valuation and minority shareholder approval requirements because the value of Tafel’s subscription does not exceed 25% of the company’s market capitalization.

Following this transaction, Tafel holds 1,675,787 common shares, representing approximately 9.27% of the issued and outstanding shares on a non-diluted basis, and around 14.56% on a partially diluted basis, assuming the exercise of options and warrants. Prior to this placement, Tafel owned 1,425,787 shares, equating to 10.24% of the company’s total shares.

Future Outlook and Regulatory Compliance

Tafel indicated that the units were acquired for investment purposes with a long-term view. He may consider acquiring additional securities or divesting current holdings based on market conditions and other relevant factors.

The securities issued in this private placement have not been registered under the U.S. Securities Act of 1933 and cannot be offered or sold within the United States without registration or applicable exemptions. This announcement does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States.

Centurion Minerals Ltd. focuses on precious mineral asset exploration and development across the Americas. The company is currently working on the Casa Berardi West Gold Project, located in a prominent gold-producing region of northeastern Ontario.

For further inquiries, please contact David Tafel at 604-484-2161.

Neither the TSX Venture Exchange nor its Regulation Services Provider assumes responsibility for the accuracy of this release.

This announcement includes forward-looking statements regarding future events and performance, reflecting the expectations of Centurion’s management. These statements, made as of the release date, include projections about project approvals and the potential use of proceeds from this financing.