Centurion Initiates Exploration on Limestone Gold Project

• Most Recent Event: On May 21, 2026, Centurion Minerals initiated exploration activities at its Limestone Gold Project in Suriname.
• Project Status: Geologists are evaluating historical data from the 1990s and early 2000s; planned work includes helicopter surveys, auger sampling, and trenching.
• Location Context: The project is located <35 km west of Zijin Mining's Rosebel Gold Mine and 17 km west of Saramacca Mine in the Marowijne Greenstone Belt.
• Logistics: Road access expected to improve post-rainy season; local miner camps available for crews.
• Equity Activity: Company granted options to purchase 2,500,000 common shares to directors/officers/consultants at $0.075 per share (5-year expiry).
• Recent Context: This follows a series of debt settlements in May 2026 ($415k total settled via ~5.53M shares) and an upsized private placement in April 2026 ($700k raised at $0.05/unit).

• Execution vs. Expectation: The exploration initiation is a direct follow-up to the March 26, 2026 Option Agreement (rated Material - Positive previously). It confirms management is executing on the strategic pivot from Casa Berardi to Suriname.
• Dilution Concerns: Recent debt settlements ($415k via shares) and private placements indicate significant cash preservation needs. The issuance of ~5.53M shares for debt at $0.075 adds substantial dilution, which offsets the positive sentiment from exploration progress.
• Valuation Context: Current trading price ($0.08) is above the financing price ($0.05) but below warrant strike prices ($0.10). The options grant to insiders at $0.075 aligns with current market levels, suggesting confidence in near-term stability rather than a major upside catalyst.
• Net Impact: While positive for operational momentum, the news does not materially change valuation without drill results. It is incremental progress within an expected timeline.

• Company: Centurion Minerals Ltd., focused on precious mineral exploration in the Americas.
• Flagship Project: Limestone Gold Project, Suriname (3,548 ha concession).
• Project History: Acquired via Option Agreement in March 2026 for US$1M cash + US$500k exploration spend over 6 years. Subject to a 2% Net Smelter Royalty (NSR).
• Previous Asset: Casa Berardi Property Option Agreement (Ontario) was terminated to re-allocate resources to Suriname.
• Management: Led by Dr. Dennis LaPoint (President, >26 years Suriname experience) and David G. Tafel (CEO & Director).