Mr. Doug Fulcher reports

CENTENARIO ANNOUNCES CHANGES TO THE COMPANY'S MANAGEMENT

Effective immediately, Alain Charest has resigned from his role as chief executive officer of Centenario Gold Corp. for personal reasons. Doug Fulcher, who is currently president of the company, has been appointed CEO and will assume all related duties. Mr. Charest will continue to represent the company as both a board member, vice-president, exploration, and an active adviser to the company.

Mr. Fulcher commented: "I have worked closely with Alain over the past four years and not only enjoyed working alongside him but appreciated his expertise and knowledge of working and operating in Mexico. Having him remain on the board of directors, as well as VP, exploration, and adviser to the company, will be very important as we continue to build Centenario and its assets in Mexico."

The company is currently looking at a number of additional projects in Mexico that Mr. Charest is familiar with to add to its property package.

About Centenario Gold Corp.

Centenario is a mineral resource exploration company that was formed to focus on exploring and generating high-quality mineral prospects in Mexico. During 2020, the exploration team of Centenario visited and evaluated more than 12 mineral prospects before finding the Eden gold-silver property located at the boundary between Durango and Sinaloa states, of Mexico, in the Cosala mining district, which hosts Prime Mining Corp.'s Los Reyes project.

On March 24, 2021, Durango Gold Corp. SA de CV, the 100-per-cent-owned Mexican subsidiary of Centenario, signed the original four-year option agreement to explore and acquire 100 per cent of the mineral rights to the Eden gold-silver property. On Oct. 21, 2024, the company signed an amendment to the original agreement, extending the payment and work commitments for an additional 2-1/2 years.

The Eden project consists of three adjoining mineral concessions totalling 5,689 hectares in size hosting a series of high-grade north- to northeast-trending, epithermal Au-Ag vein structures. The property's northern border is adjacent to Americas Gold and Silver's Nuestra Senora producing mine while the southern border is bounded to Prime Mining's Los Reyes property.

Prime Mining has outlined and announced a new mineral resource estimate on its Los Reyes property (see Prime Mining news release dated Oct. 15, 2024).

We seek Safe Harbor.