Centurion Announces Additional Shares for Debt Settlements

• Event: Centurion Minerals announced an expansion of its debt settlement plan on May 12, 2026.
• Details: An additional $80,000 in outstanding debt was added to a previous $335,000 settlement (announced May 7), totaling $415,000.
• Method: Settlement is executed via the issuance of 5,533,333 common shares at $0.075 per share.
• Purpose: To preserve company cash for operational purposes and satisfy indebtedness to arms-length consultants.
• Context: This follows a series of private placements in April 2026 (upsized from $300k to $700k) and a strategic asset acquisition in March 2026 (Limestone Gold Project).
• Regulatory Status: Transactions are subject to TSX Venture Exchange approval.

• Dilution Risk: The issuance of over 5.5 million shares represents significant dilution, particularly given the company's history of frequent equity financings (private placements in Oct 2025, Nov 2025, Dec 2025, and April 2026).
• Liquidity Signal: Settling $415,000 of debt with equity shortly after raising approximately $700,000 via private placement indicates severe cash flow constraints. The company is unable to service liabilities in cash despite recent capital raises.
• Valuation: Shares were issued at $0.075, slightly above the current market close of $0.07 (May 11), suggesting creditors accepted a premium over spot price or the valuation was fixed prior to the drop.
• Strategic Focus: While the March Suriname acquisition remains the primary growth catalyst, this news is purely financial housekeeping with no operational upside. It reinforces the narrative of a cash-strapped junior miner relying on equity markets for survival rather than revenue generation.
• Comparison: The May 07 debt settlement was previously rated "Routine - Negative." This extension confirms that trend without introducing new positive fundamentals.

• Company: Centurion Minerals Ltd., a junior exploration company focused on precious minerals in the Americas.
• Flagship Project: Limestone Gold Project (Suriname). Acquired via Option Agreement in March 2026. Located in the Marowijne Greenstone Belt, adjacent to Zijin's Rosebel and Saramacca mines.
• Previous Asset: Casa Berardi Property Option Agreement (Ontario) was terminated to re-allocate resources to Suriname.
• Development Stage: Exploration/Option Phase. No production revenue reported in news history; reliance on financing for operations.