Mr. Keith Henderson reports

CENTENERA ACQUIRES TRIGAL GOLD PROJECT, SALTA PROVINCE, ARGENTINA

Centenera Mining Corp. has acquired, through staking, a 100-per-cent interest in the Trigal gold exploration project, Salta province, northwest Argentina.

"Following the recent presidential election and the expected changes to economic policy, it is clear that the new administration will encourage mining and exploration investment in Argentina. For the first time, the mining industry will have ministerial representation in the cabinet, with mining now being included within the energy portfolio," stated Keith Henderson, Centenera's chief executive officer. "We are adding the Trigal gold project to our existing project portfolio, which includes the flagship Organullo gold deposit. Trigal is a gold project we have been able to acquire by leveraging value from the company's exploration database, recently acquired from Cardero Resource Corp."

Northwest Argentina BLEG dataset

Centenera owns an extensive northwest Argentina exploration dataset, including results of a proprietary bulk leach-extractable gold (BLEG) survey conducted in 2007 and 2008 by Cardero Resource Corp. in partnership with Newmont Mining Corp. The BLEG data cover prospective areas of Jujuy and Salta provinces, covering an area of 300 km by 90 km and comprising nearly 1,200 sample locations.

Newmont's proprietary BLEG technology is a cornerstone of regional exploration programs, and a continuous program of laboratory comparisons has consistently demonstrated that no commercial alternative can provide its precision and accuracy. BLEG techniques provide a competitive advantage in reconnaissance gold exploration leading to property acquisitions. Newmont credits BLEG with the discovery of its large Batu Hijau porphyry copper-gold deposit in Indonesia and many projects in its exploration pipeline are the direct result of BLEG anomalies.

Trigal project details

The Trigal project, comprising 6,049 hectares, was selected for acquisition following review of the company's regional exploration datasets, including BLEG sampling results, which cover prospective areas throughout northwest Argentina. The project is located in Salta province, which is ranked as South America's No. 2 jurisdiction for mining investment. Trigal is located approximately 30 km west of San Antonio de los Cobres, the largest town in the area.

Salta's epithermal precious metals district (measuring approximately 70 km by 40 km) includes Centenera's Organullo gold project (30 km to the southeast) and Golden Minerals' El Quevar silver project less than 10 km to the southwest. BLEG samples are used to screen for anomalies within large drainage basins and a total of 20 BLEG samples were taken within the Trigal claim block. Results are positive and identify the Trigal claim block as a priority for gold exploration. The ultralow detection BLEG identified samples ranging from below detection to five parts per billion (ppb) gold, plus anomalous levels of other elements like bismuth. The identification of three anomalous samples (all ranging from two to five ppb) from two neighbouring drainages is unusual and positive. The BLEG technique more typically identifies just a single-point anomaly for follow-up.

The next steps at Trigal will include detailed surface geochemical sampling and mapping which will focus on the large four km by two km priority target identified.

Stock options

The company also announces that, pursuant to its stock option plan, it has granted stock options to consultants of the company to purchase up to 200,000 common shares in the capital stock of the company. The options are exercisable on or before Nov. 30, 2016, at a price of seven cents per share.

Qualified person

Keith Henderson, EurGeol, PGeo, the company's president and chief executive officer, and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information that forms the basis for portions of this news release, and has approved the disclosure herein. Mr. Henderson is not independent of the company, as he is an officer and shareholder.

We seek Safe Harbor.