Centurion Completes Limestone Gold Panning and Scouting Program; Initiates Auger Sampling

Centurion Minerals Ltd. (CTN) has completed a reconnaissance panning and scouting program on the western portion of its Limestone Gold Project in Suriname. The initiative collected 48 samples, with visible gold identified in 41 of them, resulting in an 85.4% positive sample rate. A total of 157 visible gold grains were recorded, predominantly fine-grained and sub-angular, suggesting potential bedrock sources within the sampled drainage basins.

Based on the panning results and geological observations, the company identified two priority targets, designated as Targets 1 and 2. Centurion plans to initiate a shallow Ridgecrest auger program across these targets to test soils and near-surface regolith, employing a methodology similar to the discovery of Newmont's Merian Gold Mine. These results are expected to refine targets for subsequent trenching and drilling. The program was conducted under difficult logistical conditions, with second-growth vegetation indicating historic small-scale mining activity.

Centurion Minerals Ltd. (CTN) released an update representing a routine follow-up to its May and June 2026 announcements regarding field mobilization and helicopter reconnaissance surveys. The company reported an 85.4% positive sample rate, a result that validates the presence of alluvial gold and justifies the planned auger program. This development aligns with previous management guidance to conduct systematic panning followed by auger sampling and trenching. The update does not introduce new financial data, major financing, or material changes to the company's risk profile, and no material impact on near-term valuation or cash requirements is expected from this specific announcement.

Centurion Minerals Ltd. is a pre-revenue junior exploration company focused on precious minerals in the Americas. Its flagship asset is the Limestone Gold Project, a 3,548-hectare property located in the Marowijne greenstone belt of the Guiana Shield in Suriname. The project is situated less than 40 km from Zijin Mining’s producing Rosebel and Saramacca gold mines.

In August 2026, the company executed a non-binding letter of intent to acquire an 80% interest in the Brothers Gold Project, a 9,600-hectare property in Suriname located near Newmont’s Merian mine. Exploration is led by Dr. Dennis LaPoint, P.Geo., who previously contributed to the discovery of Newmont's Merian mine. No mineral resource estimates have been defined to date.