File: '\\swfile\EmailIn\20251223 191028 Attachment CENTENARIO - News Release Confirms Issued and Outstanding Post-Consolidation (December 2025).docx'

Suite 615 - 800 West Pender Street, Vancouver, B. C. Canada, V6C 2V6

TSX-V: CTG | www.centenariogold.com

NEWS RELEASE

CENTENARIO CONFIRMS ISSUED, OUTSTANDING AND ESCROWED SHARES POST-CONSOLIDATION

December 23, 2025, Vancouver, BC - Centenario Gold Corp. (TSXV: CTG) ("Centenario" or the "Company") confirms that, further to its News Releases dated October 14, 2025, December 18, 2025 and December 23, 2025, upon the consolidation of its issued and outstanding common shares (each, a "Common Share") on the basis of one (1) post-consolidation Common Share (each, a "Post-consolidated Share") for every ten (10) pre-consolidation Common Shares becoming effective, a total of 4,183,254 Post-consolidated Common Shares will be issued and outstanding, of which 352,075 are subject to escrow.

About Centenario Gold Corp.:

Centenario Gold Corp. 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.

Centenario Gold Corp. is listed on the TSX Venture Exchange and continues to evaluate new opportunities to expand its portfolio in both Mexico and Canada and deliver value to shareholders.

On behalf of the Board of Directors,

Doug Fulcher

President, CEO, Director

For further information, please call:

Doug Fulcher 604-803-5901

www.centenariogold.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.