Mr. Doug Fulcher reports

CENTENARIO ANNOUNCES ISSUANCE OF MANAGEMENT CEASE TRADE ORDER

Centenario Gold Corp. was unable to meet the April 30, 2025, deadline to file its audited annual financial statements, the management's discussion and analysis, and the related chief executive officer and chief financial officer certificates, for the fiscal year ended Dec. 31, 2024, as required under applicable Canadian securities laws.

In connection with the company's inability to file the annual filings on time, the company applied, and received approval, for a management cease trade order (MCTO) from the British Columbia Securities Commission under National Policy 12-203, Management Cease Trade Orders. The company will have until June 30, 2025, to file its annual filings.

The company's delay in filing the annual filings on time was due to lack of funds to pay its auditor to perform the company's year-end audit. As a result, the company requires additional time to complete its previously announced financing, to conduct the audit and file the annual filings. The company expects to complete and file the annual filings by no later than June 30, 2025. The company will issue a news release once the annual filings have been filed.

The company intends to satisfy the provisions of the alternative information guidelines of NP 12-203 by issuing biweekly default status reports, in the form of news releases, until the revocation of the MCTO. The company is not subject to any insolvency proceedings. The MCTO will prohibit the CEO and the CFO of the company from trading in securities of the company for so long as the annual filings are not filed and the MCTO revoked. The issuance of the MCTO does not affect the ability of persons other than the CEO and the CFO of the company to trade in the company's securities.

The company confirms as of the date of this news release that there is no insolvency proceeding against it and there is no other material information concerning the affairs of the company that has not been generally disclosed.

About Centenario Gold Corp.

Centenario Gold is a mineral resource exploration company that was formed to focus on exploring and generating high-quality mineral prospects. The Eden gold silver property was acquired in 2022, and is located at the boundary between Durango and Sinaloa states of Mexico, in the Cosala mining district, which hosts Prime Mining's Los Reyes project.

The company is also currently looking at other potential prospects in both Mexico and Canada.

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