Centurion Announces Closing of Private Placement
NEWS RELEASE
CENTURION ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Vancouver, B.C., April 29, 2025 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the " Company")
wishes to announce that, further to its news releases of April 16, April 22, and April 24, 2026, it has closed
its non-brokered private placement for $735,000.
The financing is structured as a $0.05 Unit, with each Unit including one common share and one common
share purchase warrant. Each warrant entitles the holder to purchase one additional common share of
the Company at a price of $0.10 per share, valid for three years from the date of closing.
The Company is issuing 14,700,000 Unit s comprising 14, 700,000 shares and 14,700,000 warrants to
subscribers. The shares will be subject to a 4-month hold period expiring on August 30, 2026. Finders are
arm’s length to the Compa ny, and finders’ fees being paid are $25,760 in cash and 515,200 broker
warrants. Each broker warrant is non -transferable and exercisable into a common share for a period of
36 months at an exercise price of $0. 10. Financing proceeds are to be allocated for exploration, working
capital and general corporate activities.
Mr. David Tafel, a director of the Company, participated in the Private Placement by purchasing 400,000
Units for $ 20,000 through his wholly owned company , Pacific Capital Advisors Ltd. (representing
approximately 2.7% of the proceeds from the Private Placement ), bringing his aggregate direct and
indirect shareholdings in the Company to 2,149,483 (representing approximately 6.3% of the issued and
outstanding Shares post -closing). Mr. Dennis LaPoint , a director of the Company, participated in the
Private Placement by purchasing 400,000 Units or $ 20,000, ( representing approximately 2.7% of the
proceeds from the Private Placement), bringing his aggregate shareholdings in the Company to 400,000
(representing approximately 1.1% of the issued and outstanding Shares post-closing). Mr. Jeremy Wright,
a director of the Company, participated in the Private Placement by purchasing 400,000 Units for $20,000
through his wholly owned company Onatopp Capital, (representing approximately 2.7% of the proceeds
from the Private Placement ), bringing his aggregate shareholdings in the Company to 2,077,576
(representing approximately 6.1% of the issued and outstanding Shares post-closing).
Each of the insider subscriptions constitutes a “related party transaction” within the meaning of
Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-
101”) and policy 5.9 of the TSX Venture Exchange. Notwithstanding the foregoing, the directors of the
Company have determined that the insiders’ participation in the Private Placement will be exempt from
the formal valuation and minority shareholder approval requirements of MI 61 -101 in reliance on the
exemptions set forth in sections 5.5(a) and 5.7(1)(a) of MI 61-101. A material change report was not filed
more than 21 days prior to closing of the Private Placement because the details of the Private Placement
and the extent of the insiders’ subscription therein had not been confirmed at that time.
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
About Centurion Minerals Ltd.
Centurion Minerals Ltd. is a Canadian-based company with a focus on precious mineral asset exploration
and development in the Americas.
“David G. Tafel”
Chief Executive Officer
For Further Information Contact:
David Tafel
604-484-2161
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities
laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future
business activities and operating performance. Forward -looking information is often identified by the words “may”, “would”,
“could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and include s
information regarding: expectations for other economic, business, and/or competitive factors.
Investors are cautioned that forward -looking information is not based on historical facts but instead reflect the Company’s
management’s expectations, estimates or projections concerning future results or events based on the opinions, assumptions and
estimates of management considered reasonable at the date the statements are made. Although the Company believes that the
expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and
undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects
on future results, performance or achievements of the Company. This forward -looking information may be affected by risks and
uncertainties in the business of the Company and market conditions.