Centurion Announces Increase to Upsized Private Placement

• Financing Update: On April 24, 2026, Centurion Minerals announced an upsizing of its non-brokered private placement from $620,000 to $700,000.
• Pricing Terms: Units priced at $0.05 each, consisting of one common share and one warrant exercisable at $0.10 for three years.
• Investor Demand: The increase from the initial $300,000 (April 16) to $700,000 is attributed to strong investor demand.
• Use of Proceeds: Funds allocated for exploration, working capital, and general corporate activities.
• Regulatory Conditions: Subject to TSX-V Exchange approval; shares subject to a four-month hold period.

• Capital Efficiency: The upsizing indicates market confidence in the company's recent asset acquisition (Limestone Gold Project announced March 26), validating the strategic pivot from Casa Berardi to Suriname.
• Dilution Risk: Raising $700,000 at $0.05 results in approximately 14 million new units issued. Given an estimated total share count of ~18 million (derived from insider holdings), this represents significant dilution (~43% increase in equity base including warrants).
• Cash Runway: Proceeds are modest relative to the company's size, extending working capital but not eliminating the need for future financings.
• Warrant Overhang: Warrants at $0.10 strike price (double current price) create potential upside dilution if exercised or traded, though they remain out-of-the-money initially.
• Insider Alignment: CEO David Tafel has previously purchased significant stakes ($12,500 in Nov 2025), signaling management confidence despite the dilutive nature of the financing.

• Company Focus: Precious mineral exploration in the Americas, specifically transitioning focus from Ontario (Casa Berardi) to Suriname.
• Flagship Project: Limestone Gold Project, 3,548 ha concession in Suriname’s Marowijne Greenstone Belt.
• Strategic Location: Adjacent to Zijin Mining’s Rosebel and Saramacca mines, suggesting geological potential similar to world-class operations.
• Management: Led by Dr. Dennis LaPoint (Suriname-based exploration lead) and CEO David G. Tafel.
• Project Status: Option agreement executed March 2026; exploration team deployed; Casa Berardi option terminated to re-allocate resources.