Centenario Gold Announces the Start up of it's Maiden Drill Program at the Los Reyes Copper, Moly, Gold Skarn System

Centenario Gold Corp. has launched its maiden drill program at the Los Reyes project in Chihuahua, Mexico. The initiative involves 5 to 6 holes totaling approximately 1,500 meters, aimed at testing depth extensions of high-grade copper-zinc-silver skarn zones at the Jibosa and Tueda shafts.

The drilling follows surface and underground mapping and sampling completed in May 2026, which identified significant copper values up to 27.9% Cu at Jibosa and anomalous gold and molybdenum up to 2.1% at Tueda. The program is designed to test the more than 100-meter depth extension of mineralization previously mined by ASARCO. The technical disclosure was reviewed and approved by Qualified Person Derrick Strickland.

Centenario Gold Corp. (CTG) announced a new drilling program that serves as a direct follow-up to sampling results from July 2026, fulfilling the drilling condition outlined in the December 2025 Letter of Intent for Los Reyes. The move confirms management is executing its stated exploration plan, a step that is operationally positive but entirely expected by the market. The announcement does not introduce new geological data or resource estimates; it merely initiates the testing phase.

Given the company's recent $1.5 million private placement in August 2026, the funding for this program is already secured. This removes immediate financing uncertainty but introduces dilution overhang. The market impact is limited to routine confirmation of project advancement, with no immediate catalyst for price appreciation until actual assay results are released.

Centenario Gold Corp. is an exploration-stage company focused on copper, gold, and cobalt projects in North America. Its flagship asset is the Los Reyes Copper, Molybdenum, Gold Skarn System in Chihuahua, Mexico. The property covers 45 hectares and sits along a regional mineralized corridor. Historical mining by ASARCO in the late 1800s to early 1900s yielded approximately 200,000 tons of Cu-Zn-Ag material. Recent sampling has highlighted high-grade skarn zones, prompting the current maiden drilling program.

The company also holds the Cabot Copper/Gold/Cobalt Project in Newfoundland, with an option to acquire 100% of the property from PNL Ventures Ltd. Historic sampling shows up to 7% Cu and 70.38 g/t Au. The company has identified five drill-ready targets and plans aggressive exploration in 2026.

The company is in the pre-resource stage, with no proven economic reserves or revenues.