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Centurion Minerals Ltd.: Centurion Completes Private Placement

^{Published on 2009-09-01 14:37:00, Last Modified on 2009-11-02 11:47:45 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 1, 2009) - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion" or "the Company") is pleased to announce that further to its news release of July 29, 2009, it has closed a non-brokered private placement of 3,000,000 Units priced at $0.10 for gross proceeds of $300,000. Each Unit consists of one common share and one half share purchase warrant. Each whole warrant will be exercisable for one common share at $0.15 for a period of two years from closing.

Finder's fees of $350 are to be paid and all securities issued will be subject to a four-month hold period expiring January 1, 2010.

Proceeds from this financing will be used for general working capital purposes, due diligence of potential projects and to advance exploration programs on the Company's current properties.

ABOUT CENTURION MINERALS LTD.

Centurion is a Canadian based company focused on the procurement, exploration and development of gold and other precious metal properties. The Company has an option to acquire up to a 60% interest in the Copper Prince Gold-Copper property in Sudbury, Canada.

On Behalf of the Board,

David G. Tafel, President and CEO

This news release may contain forward looking statements concerning future operations of Centurion Minerals Ltd. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.