Centurion Minerals options Limestone property

Executive Summary

• Centurion Minerals Ltd. executed a six-year option agreement to earn a 100% interest in the 3,548-hectare Limestone gold project in Suriname, strategically located near Zijin Mining's Rosebel and Saramacca mines.
• The earn-in requires a total of $1,000,000, comprising $500,000 in cash payments and $500,000 in exploration expenditures spread over six years.
• The project carries a 2% Net Smelter Return (NSR) royalty, with an option to purchase 1% NSR for $1,000,000, and will be explored by a Suriname-based team led by Dr. Dennis J. LaPoint.

Key Details

• Transaction Structure: Six-year option to purchase agreement to earn 100% interest in the Limestone gold project.
• Cash & Exploration Payments: Total of $1,000,000 required, structured as follows:
• $30,000 cash within 30 days of effective date
• $40,000 cash + $50,000 exploration on 1st anniversary
• $50,000 cash + $75,000 exploration on 2nd anniversary
• $50,000 cash + $75,000 exploration on 3rd anniversary
• $60,000 cash + $100,000 exploration on 4th anniversary
• $70,000 cash + $100,000 exploration on 5th anniversary
• $200,000 cash + $100,000 exploration on 6th anniversary
• Royalty Terms: 2% NSR royalty retained by optionors; company holds right to purchase 1% NSR for $1,000,000.
• Project Location & Size: 3,548 hectares in Suriname, less than 4 hours from Paramaribo, crossing the Saramacca River.
• Geological Context: Situated in the prolific Guiana Shield's Marowijne greenstone belt, known for orogenic gold systems. Historical and active small-scale mining indicates gold presence.
• Strategic Shift: Company terminated the Casa Berardi property option agreement to concentrate exploration and development efforts in Suriname, with plans to acquire additional prospective gold concessions in the region.
• Exploration Team: Led by Dr. Dennis J. LaPoint, PhD, PGeo, an independent qualified person with 26+ years of experience in Suriname, who previously led the geological team that discovered Newmont's Merian mine.
• Licensing: Project maintains an exploitation licence granted to current concession holders in 2025.