Centurion Closes $292,000 Private Placement
NEWS RELEASE
CENTURION CLOSES $292,000 PRIVATE PLACEMENT
Vancouver, B.C., November 16, 2018. CENTURION MINERALS LTD. (CTN: TSX -V) (“Centurion” or the
“Company”) announces that its non-brokered private placement, initially estimated at up to $275,000 and
priced at $.02/Unit, has been oversubscribed and the Company has closed a first tranche in the amount
of $292,000 and issued 14,600,000 Units. Each Unit consists of one common share and one common share
purchase warrant exercisable for 2 years and priced at $.05.
Shares issued will be subject to a four -month hold peri od expiring on March 17, 2019. Finders fees of
$4,200 and 210,000 broker warrants, having the same terms as the subscribers have been issued.
As news released on October 24, Centurion expanded the private placement and has received conditional
approval from the TSX Venture Exchange to raise up to $320,000 . The Company anticipates completing
the remaining amount shortly.
Proceeds from this financing are estimated to be used by the Company as follows:
Operating capital -Ana Sofia Project - $75,000; Audit fees - $51,000; l egal fees - $15,000; accounting-
$10,000; rent- $10,000; office overhead- $21,000; promissory notes interest- $50,000; management and
administration- $15,000; regulatory filing fees-$3,000; working capital- $42,000.
ABOUT THE ANA SOFIA PROJECT
The Ana Sofia Project includes an agri -gypsum open pit mine and processing facility having a current
design capacity of 4,000 tonnes/month. Gypsum is extracted from near-surface, flat-lying beds within the
sedimentary formation that extends throughout the Ana Sofia Property, located in Santiago del Estero
Province, Argentina. Th e gypsum rock is fed into primary and secondary crushers, then screened and
sorted into two agri-gypsum fertilizer products. The plant is designed to produce a pellet -sized granular
product and a fine powder product (comprised of a minimum 85% gypsum conte nt) that are each
packaged into one tonne tote bags. Agricultural gypsum (calcium sulfate dihydrate) is a valuable plant
nutrient and plays a vital role in maintaining soil structure and nutrient balance in South American soils,
resulting in enhanced crop yields.
The Project comprises two mining concessions totalling 50 hectares (ha) in size within a larger
(approximately 600 ha) exploration permit area. The Project is well situated within a region where other
small producers are currently extracting agricultural gypsum and selling to fertilizer distributors and
farmers. An initial inferred gypsum resource for the Project was estimated (news releases - October 31,
2016 and December 16, 2016) to comprise 1.47 million tonnes averaging 94.1% gy psum, using an 85%
cut-off grade that is the minimum required gypsum content for commercial -quality agricultural gypsum
products in Argentina.
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
For additional updates, follow our operations at:
Centurion Minerals - Twitter Account and Demetra Fertilizantes - Instagram Account
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company with an international focus on the development of
agri-mineral fertilizer projects. For additional information on the Ana Sofia project and applications of
agri-gypsum, visit our website: www.centurionminerals.com
“David G. Tafel”
President and CEO
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 Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release contains forward looking statements concerning future operations of Centurion Minerals Ltd. (the “Company”) . All f orward-
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s p roject
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 r esults may differ
materially from any estimates or projections. Such statements include, among others: pos sible variations in mineralization, grade or recovery
rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future econ omic evaluations; changes
in project parameters as plans continue to be refin ed; failure of equipment or processes to operate as anticipated; accidents and other risks of
the mining industry; delays and other risks related to construction activities and operations; timing and receipt of regulato ry approvals of
operations; the abili ty of the Company and other relevant parties to satisfy regulatory requirements; the availability of financing for proposed
transactions, programs and working capital requirements on reasonable terms; the ability of third -party service providers to deliver services on
reasonable terms and in a timely manner; market conditions and general business, economic, competitive, political and social conditions.
The Ana Sofia project has not been the subject of a feasibility study and as such there is no certainty that a potential mine will be realized or that
the processing facility will be able to produce a commercially marketable product. There is a significant risk that any prod uction from the project
will not be profitable with these risks elevated by the abs ence of a compliant NI 43-101 feasibility study. A mine production decision that is not
based on a feasibility study demonstrating economic and technical viability does not provide adequate disclosure of the incre ased uncertainty
and specific risks of fai lure associated with such a production decision. The Company has undertaken market research and studies to try to
mitigate these risks. The work carried out to date is of a preliminary nature to assist in the determination as to whether th e mineral product is
suitable for sale and if there are markets for the mineral product. General risks inherent in the Project include the relianc e on available data and
assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and development costs,
capital requirements and the ability to obtain financing, volatility of global and local economic climates, share price volat ility, estimated price
volatility, changes in equity markets, exchange rate fluctuations and other risks involved in the mineral exploration and development industry.
There can be no assurance that a forward -looking statement or information referenced herein will prove to be accurate, as actual results and
future events could differ materially f rom those anticipated in such statements or information. Accordingly, readers should not place undue
reliance on forward -looking statements or information. We undertake no obligation to reissue or update any forward -looking statements or
information except as required by law.
The Ana Sofia mineral resource estimate is reported in accordance with the Canadian Securities Administrators National Instru ment 43-101 and
has been estimated using the CIM “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated November 23rd, 2003
and CIM “Definition Standards for Mineral Resources and Mineral Reserves” dated May 10 th, 2014. Due to the relatively wide spacing of the
historical quarries and the 2016 test pits, which varies between 40 m and 300 m, the Ana Sofia 2 resource described herein is categorized entirely
as an inferred mineral resource. Inferred Mineral Resources are not Mineral Reserves. Mineral resources which are not mineral reserves do not
have demonstrated econom ic viability. There has been insufficient exploration to define the inferred resources as an indicated or measured
mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral
Resources with continued exploration. There is no guarantee that any part of the mineral resources will be converted into a m ineral reserve in
the future. The estimate of mineral resources may be materially affected by geology, environment, permitting, legal, title, taxation, socio-political,
marketing or other relevant issues.