Mr. Doug Fulcher reports

CENTENARIO TO HOST EDEN PROPERTY UPDATE WEBINAR AND ANNOUNCES PRIVATE PLACEMENT FINANCING

Centenario Gold Corp. will host a webinar at 10 a.m. PDT on Thursday, May 30, 2024. In attendance from Centenario and presenting will be, Alain Charest, CEO & VP of Exploration and Doug Fulcher, President. The purpose of the webinar is to provide investors with an update on the project and the next phase exploration and drilling program on the Eden Property, Mexico.

Format: Management presentation (20 minutes) update and planned next phase exploration program on the Eden property, near Cosala, Mexico, followed by a question period. Please email your questions before or during the meeting to Steve McGuire at smcguire@centenariogold.com.

6ix Meeting Link: https://events.6ix.com/preview/centenario-gold-update-and-2024-drilling-3

The investor update will be posted on the Company's website following the Webinar.

Alain Charest, CEO & VP of Exploration states "The geological information obtained from the maiden drilling program completed in February 2024, has greatly improved our understanding of the mineralized systems found on the Eden property." "During the last two months, the Centenario geological team has processed this new information and outlined several new targets to drill-test across the Eden property. We feel it is important to give our shareholders and potential new investors an opportunity to ask questions directly to management and we look forward to speaking with you on May 30th."

Non-Brokered Private Placement Financing

Centenario is also pleased to announce a non-brokered private placement financing (the "Private Placement") for a total of up to $1,000,000 through the issuance of up to 20,000,000 units (the "Units") at a price of $0.05 per Unit. Each Unit will be comprised of one common share (each, a "Common Share") in the capital of the Company and one common share purchase warrant (each, a "Warrant"), whereby each Warrant will entitle the holder to acquire one common share of the Company at a price of $0.10 per Common Share for a period of 24 months following the closing date of the Offering. All securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. The Company will use the proceeds of the Private Placement to fund further work at its Eden Gold-Silver Property in Mexico and for general working capital purposes. Completion of the Private Placement is subject to TSX Venture Exchange acceptance. The Company may pay finders' fees and finders' warrants to eligible finders.

The Existing Shareholder Exemption and Investment Dealer Exemption

The Private Placement is also made available to registered shareholders of the company who, as of the close of business on May 31, 2024, hold common shares of the company pursuant to the prospectus exemption set out in British Columbia Securities Commission Rule 45-534, Prospectus Exemption for Distribution to Existing Security Holders, and in similar instruments in other jurisdictions in Canada. The existing shareholder exemption limits a shareholder to a maximum investment of $15,000 in a 12-month period unless the shareholder has obtained advice regarding the suitability of the investment and, if the shareholder is resident in a jurisdiction of Canada, that advice has been obtained from a person who is registered as an investment dealer in the jurisdiction.

The company is also making the Private Placement available to certain subscribers pursuant to the investment dealer exemption. In accordance with the requirements of the investment dealer exemption, the company confirms that there is no material fact or material change about the company that has not been generally disclosed.

About Centenario Gold Corp. and the El Eden Gold-Silver Project:

Centenario Gold Corp. is a natural resource exploration company that was formed to focus on exploring and generating high quality mineral prospects in Mexico. During 2020, the exploration team of Centenario visited and evaluated more than 12 mineral prospects before finding the Eden gold silver property located in Durango State, Mexico. On March 24th, 2021, after completing the preliminary evaluation work and due diligence review, Durango Gold Corp S.A de C.V., the 100%-owned Mexican subsidiary of Centenario Gold Corp., signed a 4-year option agreement to acquire 100% of the mineral rights to the Eden Au-Ag property subject to a 1% NSR. The Eden property consists of three adjoining mineral concessions totalling 5,689 hectares in size hosting a series of high-grade N to NE trending, epithermal Au-Ag vein structures. The Eden property's northern border is adjacent to Americas Gold & Silver's Nuestra Senora producing mine while the Eden property's southern border is adjacent to Prime Mining Corp's, Los Reyes advanced exploration property.

Prime Mining has outlined a new resource on the Los Reyes property of, indicated 1.47 M AuEq and Inferred 0.73m AuEq. (Prime Mining Corp. NI 43-101 dated June 12. 2023) AuEq grade (gpt) = Gold grade (gpt) + Silver grade (gpt) x ($22 / $1700).

Further information on the Centenario Gold and the Eden Property can be found on our website at www.centenariogold.com along with the NI43-101 compliant Technical Report filed on SEDAR+.

We seek Safe Harbor.