Mr. Doug Fulcher reports

CENTENARIO ANNOUNCES THE CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Further to Centenario Gold Corp.'s news release dated Aug. 7, 2026, the company has closed its non-brokered private placement of 15 million units at a price of 10 cents per unit for aggregate gross proceeds of $1.5-million.

Each unit consists of one common share and one-half non-transferable common share purchase warrant, with each warrant being exercisable to purchase one additional common share at a price of 15 cents per warrant share for 24 months from the date of issuance.

The company intends to use the net proceeds of the offering for exploration and evaluation of both the Cabot project in Newfoundland and the Los Reyes project in Mexico as well as exploration on potential new resources projects and general and administrative expenses, which may include funds for marketing and investor relations.

The company received a discretionary waiver from the Canadian Securities Exchange of the shareholder approval requirements set out in Section 4.6(2)(a)(i)(2) of CSE Policy 4, which would otherwise apply in connection with the level of dilution that may result from completion of the offering. The waiver was granted subject to, among other things, the company providing advance notice of the offering to the market and confirming that no new insiders of the company will be created as a result of completion of the offering. The company confirms that no new insiders will be created as a result of the offering.

In addition to the applicable statutory hold period, securities issued pursuant to the offering are subject to an exchange hold for a period of four months from the date of issuance in accordance with the policies of the CSE.

Equity incentive grants

The company also announces that it has granted an aggregate of 2,925,000 incentive stock options and an aggregate of one million restricted share units (RSUs) to certain directors, officers, employees and consultants of the company under its equity incentive plan.

Each option is exercisable at a price of 11 cents per common share for a period of five years from the date of grant and are fully vested. Each RSU represents the right to receive, once vested, one common share. The RSUs will vest according to the following schedule from the grant date: 50 per cent at six months, 25 per cent at nine months and the remaining 25 per cent at 12 months.

The options, RSUs and the shares underlying are each subject to CSE approval as well as a hold period of four months and one day from the date of grant.

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.

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

We seek Safe Harbor.