Mr. Doug Fulcher reports

CENTENARIO PROVIDES UPDATE ON CABOT PROJECT ACQUISITION

Centenario Gold Corp. continues to work diligently with PNL Ventures Ltd. toward the execution of a definitive option agreement for the acquisition of a 100-per-cent interest in the Cabot mineral project, a prospective copper, gold and cobalt exploration asset in Newfoundland's Baie Verte Peninsula, a region with a long history of mining success and continuing development as further outlined in the non-binding letter of intent dated Oct. 10, 2025.

In connection with the continuing negotiations, the company advises that the definitive agreement will include a provision limiting the issuance of common shares under the option payment schedule such that no issuance will result in the recipients (including any affiliates thereof) beneficially owning more than 9.99 per cent of the company's issued and outstanding common shares immediately following such issuance.

For more information on the Cabot project, LOI or transaction, please see the company's news release dated Oct. 14, 2025, filed under Centenario's profile on SEDAR+.

About Centenario Gold Corp.

Centenario Gold is a mineral exploration company incorporated in British Columbia and headquartered in Vancouver, Canada. The company is focused on the acquisition, exploration and development of high-potential mineral projects in the Americas, with a primary emphasis on gold, copper and silver. The company is committed to responsible exploration and development, working closely with local communities and stakeholders. Centenario's management team brings extensive experience in mineral exploration, project development and capital markets.

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