Centurion Announces Shares for Debt Settlement

• Centurion Minerals Ltd. announced on May 7, 2026, an agreement to settle $335,000 of outstanding debt owed to two directors via share issuance.
• The transaction involves issuing 4,466,666 common shares at a price of $0.075 per share.
• The deal is subject to approval by the TSX Venture Exchange and preserves company cash for operational purposes.
• This follows a series of private placements in April 2026 where financing was upsized from $300,000 to $700,000 at $0.05 per unit.
• The debt settlement price ($0.075) is higher than the recent trading range ($0.04-$0.06), suggesting a negotiated value but still dilutive to existing shareholders.

• Dilution Risk: The issuance of 4.46 million shares adds significant supply to the market, increasing the fully diluted share count and reducing ownership percentage for current holders.
• Liquidity Signal: Settling debt with equity rather than cash indicates a lack of immediate liquidity or cash flow constraints, reinforcing concerns about the company's ability to fund operations without constant capital raises.
• Capital Structure: This event follows aggressive financing activity in April 2026 ($700k raised), suggesting the previous funds may have been consumed by operational burn or debt obligations rather than exploration progress.
• Valuation Context: The $335,000 settlement is material relative to the company's estimated market cap of ~$1.27 million, representing roughly 26% of current equity value being exchanged for debt relief.
• No Upside Catalyst: Unlike the March 2026 Limestone Gold Project acquisition which offered exploration upside, this news offers no new asset or revenue potential, only balance sheet maintenance.

• Company: Centurion Minerals Ltd. focuses on precious mineral exploration in the Americas.
• Flagship Project: Limestone Gold Project located in Suriname's Marowijne Greenstone Belt, adjacent to Zijin Mining's Rosebel and Saramacca mines.
• Project Status: Acquired via a 6-year Option to Purchase Agreement in March 2026 for US$1 million cash plus US$500k exploration expenditures.
• Royalty Terms: Subject to a 2% Net Smelter Royalty (NSR); option to purchase NSR at US$1 million per percent.
• Previous Project: Casa Berardi Property Option Agreement in Ontario was terminated to re-allocate resources to Suriname.
• Management: Led by CEO David G. Tafel, who has significant insider ownership (~9% non-diluted).