Centurion Completes $882,150 Debt Reduction Through Shares FOR Debt and Loan Forgiveness
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NEWS RELEASE
CENTURION COMPLETES $882,150 DEBT REDUCTION
THROUGH SHARES FOR DEBT AND LOAN FORGIVENESS
Vancouver, B.C., May 29, 2026 - Centurion Minerals Ltd. ( CTN: TSX -V) (" Centurion", or the
"Company") is pleased to announce that, further to its news release dated May 22, 2026, it has
now completed a total debt reduction of $882,150.
The Company has issued 5,533,333 common shares at a deemed price of $0.075 per share to
settle $415,000 of outstanding debt, of which $335,000 was owed to two directors of the
Company.
In addition, the same two directors have forgiven a total of $467,150 in long -term loans
originally advanced September 2022. These combined transactions reduce the Company’s
liabilities by $882,150.
Mr. David Tafel, Director and CEO, commented: “ The reduction in balance sheet liabilities
strengthens our financial position substantially. Additionally, the strategic exploration focus on
Suriname, accompanied by the recent appointment of accomplished geologist, Dr. Dennis
LaPoint as President, positions the Company as an exciting emerging growth opportunity.”
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
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
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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 f uture
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 an d
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.