Centurion Issues Shares FOR Debt
NEWS RELEASE
CENTURION ISSUES SHARES FOR DEBT
Vancouver, B.C., November 7, 2022 - Centurion Minerals Ltd. ( CTN: TSX -V) ("Centurion", or the
"Company") reports that it executed agreements with various creditors to settle $732,468 in outstanding
debt by issuing 14,649,360 common shares valued at $0.05 per share. The share for debt transactions are
subject to TSX Venture Exchange approval.
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company with a focus on mineral asset exploration and
development in the Americas. Centurion has executed an Option Agreement enabling it to earn a 100%
interest in the Casa Berardi West Gold Project which is located in the prolific gold-producing, greenstone
belt of the central Abitibi Subprovince of north-eastern Ontario. The Agreement has received conditional
Exchange approval.
“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 Ven ture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This release includes certain statements and information that may constitute forward -looking information within the meaning
of applicable Canadian securities laws. Forward -looking statements relate to future events or future performance and reflect
the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and
information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such
words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This
information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of
the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and
forecasts and statements as to management's expectations and intentions with respect to, among ot her things, the timing of
resumption of trading of the Company’s common shares on the TSX Venture Exchange; the completion and timing of the
proposed shares for debt transaction; the timing, terms and completion of any proposed private placement; the expected use
of proceeds from the financing; the Company’s undertaking of initial exploration on the Project; and the Company’s intention to
exercise its option to purchase a 100% interest in the Project.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from
results suggested in any forward -looking statements. These risks and uncertainties include, among other things, that the
Company’s common shares will not resume trading on the anticipated date; that the Company will not obtain the requisite
approvals to complete the proposed shares for debt transaction or the proposed private placement; the inability of the Company
to raise capital on acceptable terms, or at all; unanticipated costs; adverse changes in legislation; that the Company will not
undertake initial exploration on the Project within the timeframe anticipated or at all; market uncertainty; that the Company 's
operations, business, personnel or fin ancial condition is adversely impacted by COVID -19 or the ongoing conflict in Eastern
Europe; and the risk that Company is not able to exercise its option to purchase a 100% interest in the Project.
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
In making the forward looking statements in this news release, the Company has applied several material assumptions, including
without limitation; that the Company will receive all requisite approvals to complete the proposed shares for debt transactio n
and a proposed private placement; that the Company will b e able to raise capital on acceptable terms; that the Company will
undertake exploration on the Project, as anticipated; that the Company will retain the key personnel required to complete its
business objectives; that there will be no adverse changes in legislation; and that the Company will have the resources required
to exercise its option to acquire the Project.
Although management of the Company has attempted to identify important factors that could cause actual results to differ
materially from those contained in forward-looking statements or forward-looking information, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to b e
accurate, as actual res ults and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward -looking statements and forward -looking information. Readers are
cautioned that reliance on such inform ation may not be appropriate for other purposes. The Company does not undertake to
update any forward-looking statement or forward -looking information disclosed herein, except in accordance with applicable
laws.