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Centenera Mining Corp
Symbol CT
Shares Issued 81,196,963
Close 2018-08-30 C$ 0.09
Market Cap C$ 7,307,727
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Centenera Mining stakes Ana Maria project

2018-08-30 09:35 ET - News Release

Mr. Keith Henderson reports

CENTENERA STAKES ANA MARIA PROJECT SALTA PROVINCE, ARGENTINA

Centenera Mining Corp. has staked the Ana Maria project and has planned for initial reconnaissance exploration and surface geochemical sampling in Q4 2018.

Ana Maria acquisition

The project was acquired through staking and comprises three separate exploration claims, totalling almost 10,000 hectares and located in the vicinity of the company's Organullo gold project.

"Staking opportunities are rare in Salta province, where prospective ground is at a real premium," stated Keith Henderson, Centenera's president and chief executive officer. "Property acquisitions in this region are generally achieved through option agreements with underlying owners, which can be expensive. With this acquisition, Centenera has an opportunity to assess and explore this large prospective area with an extremely low acquisition cost."

Planned exploration

To the best of the company's knowledge, the project has not been subject to prior exploration, at least not in recent times. Centenera has considerable expertise in the Organullo district and regionally in Salta province. The area is prospective for epithermal gold deposits and associated mineralization. The company possesses considerable amounts of regional exploration data that will aid initial exploration and targeting. These data include extensive BLEG (bulk leach extractable gold) sampling results covering prospective belts in northwest Argentina, which was collected in partnership with Newmont in 2008. The company also has interpreted regional satellite imagery, regional geophysical data, and various other geological and geochemical data sets.

Next steps will include initial reconnaissance of the project areas to determine where initial exploration should focus. Thereafter, exploration will likely focus on detailed surface geochemistry.

Qualified person

Keith J. Henderson, PGeo, is the company's qualified person as defined by National Instrument 43-101 and has reviewed the scientific and technical information that forms the basis for portions of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the company as he is an employee and a shareholder and he holds incentive stock options.

About Centenera Mining Corp.

Centenera is a mineral resource company focused 100 per cent on mineral resource assets in Argentina. The company is focused on its flagship Esperanza copper-gold project as well as the El Quemado lithium pegmatite project in Salta province and the Organullo gold project.

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