Centurion arranges $300,000 private placement

• Financing Event: Centurion Minerals Ltd. has arranged a $300,000 non-brokered private placement.
• Pricing: Units are priced at $0.05 per unit, which is slightly below the recent trading price of $0.06 (April 16 close).
• Instrument Structure: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Warrants are exercisable at $0.10 per share for a period of three years from closing.
• Use of Proceeds: Funds are designated for exploration, working capital, and general corporate activities.
• Regulatory Status: Closing is subject to TSX Venture Exchange approval; issued shares carry a four-month hold period.
• Context: This financing follows the March 26, 2026 announcement of an Option Agreement for the Limestone Gold Project in Suriname and terminates the previous Casa Berardi Property Option Agreement.

• Capitalization of Strategy: The $300,000 raise is critical to funding the newly acquired Limestone Gold Project announced on March 26, 2026. Without this capital, the strategic shift from Ontario (Casa Berardi) to Suriname cannot be executed effectively.
• Dilution Risk: The financing price ($0.05) trades at a discount to the current market price ($0.06). While non-brokered placements often indicate insider or strong investor confidence, issuing shares below market price dilutes existing shareholders' value immediately.
• Cash Burn Trajectory: This is the fourth significant financing event in less than two years (following $123k, $250k, and $207k tranches). The company remains heavily dependent on external capital markets for survival rather than generating operational cash flow.
• Warrant Overhang: Warrants issued at $0.10 are currently out-of-the-money (OTM) relative to the $0.06 share price, but they represent significant potential future dilution if the stock rallies toward that strike price within three years.
• Net Impact: The news is positive in terms of liquidity and strategic execution capability but negative regarding shareholder equity value due to dilution. It validates the March acquisition news rather than introducing new discovery data.

• Company Profile: Centurion Minerals Ltd. is a junior exploration company focused on precious minerals in the Americas.
• Flagship Project (Current): Limestone Gold Project, Suriname. A 3,548 ha concession located in the Marowijne Greenstone Belt.
• Strategic Location: Adjacent to Zijin Mining's Rosebel and Saramacca mines, suggesting geological similarity to world-class deposits.
• Previous Asset: Casa Berardi Property Option Agreement (Ontario) has been terminated to re-allocate resources to Suriname.
• Management: Led by CEO David G. Tafel, who maintains significant insider ownership (~9.27% non-diluted). Dr. Dennis LaPoint leads the exploration team with extensive local experience.