Mr. David Tafel reports

CENTURION MINERALS LTD. ANNOUNCES GRANT OF MANAGEMENT CEASE TRADE ORDER

The British Columbia Securities Commission, as principal regulator, has granted Centurion Minerals Ltd. a management cease trade order (MCTO). As previously announced on Nov. 14, 2024, the company applied for the MCTO due to a delay in the filing of its audited annual financial statements, management's discussion and analysis, and related certifications for the financial year ended July 31, 2024, which were due on Nov. 28, 2024.

During the MCTO, the general investing public will continue to be able to trade in common shares in the capital of the company listed on the TSX Venture Exchange; however, the MCTO restricts the chief executive officer and chief financial officer from trading in the securities of the company until such time the required filings have been filed by the company and the MCTO has been lifted.

The company and its auditor continue to work diligently toward completing the required filings as soon as possible. Reasons for the anticipated delay are certain administrative delays in relation to the audit.

The company currently expects that it will be in a position to file the required filings on or before Jan. 27, 2025, and will issue a news release announcing completion of such filings once completed. Until the company files the required filings, it will comply with the alternative information guidelines set out in National Policy 12-203, Management Cease Trade Orders. These guidelines require the company to issue biweekly default status reports by way of a news release during the period of the MCTO. The company confirms that since the date of the announcement: (i) there has been no material change to the information set out in the announcement that has not been generally disclosed; (ii) there has not been any other specified default by the company under NP 12-203; (iii) the company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the company that has not been generally disclosed.

About Centurion Minerals Ltd.

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

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