Mr. David Tafel reports

CENTURION ANNOUNCES SHARE CONSOLIDATION

Centurion Minerals Ltd. intends to undertake a one-for-four share consolidation whereby four common shares of the company shall be exchanged for one postconsolidation common share of the company. The company currently has 55,469,521 common shares issued and outstanding, and would have approximately 13,867,380 postconsolidation shares. All outstanding warrants (17,998,750) and incentive stock options (2.35 million) would be consolidated on the same basis pursuant to the certificates evidencing such warrants and options.

Centurion's board of directors anticipates the share consolidation will give the company more flexibility to secure less dilutive financing and expand both its current project exploration strategy and project portfolio. The company's articles authorize the board of directors to approve the share consolidation, and the board has approved the consolidation. No shareholder approval is required. The company will not be changing its name or stock symbol.

Upon completion of the consolidation and TSX Venture Exchange approval, a letter of transmittal will be mailed to shareholders holding physical certificates by the company's transfer agent (Endeavor Trust Company), advising that the consolidation has taken effect and shareholders should surrender their existing (preconsolidation) common share certificates, for new (postconsolidation) common share certificates. No fractional common shares of the company shall be issued in connection with the consolidation, and the number of common shares to be received by a shareholder shall be rounded down to the nearest whole number.

About Centurion Minerals Ltd.

Centurion is a Canadian-based company with a focus on precious mineral asset exploration and development in the Americas. Centurion has the right to earn a 100-per-cent interest in the Casa Berardi West gold project, which is located in the prolific gold-producing greenstone belt of Northeastern Ontario.

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