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CTN.V ·

Centurion Minerals Ltd. Announces Grant of Management Cease Trade Order

Listings & Exchange Regulatory & Compliance

NEWS RELEASE

Suite 520 - 470 Granville Street

Vancouver, BC Canada V6C 1V5

Tel: (604) 484-2161

Fax: (604) 683-8544

www.centurionminerals.com

[email protected]

CENTURION MINERALS LTD. ANNOUNCES GRANT OF

MANAGEMENT CEASE TRADE ORDER

Vancouver, B.C., November 29, 2024 – CENTURION MINERALS LTD. (TSX -V: CTN) (“Centurion” or the

“Company”) announces that the British Columbia Securities Commission, as principal regulator, has granted

the Company a management cease trade order ( the “MCTO”). As previously announced on November 14,

2024 (the “ Announcement”), the Company applied for the MCTO due to a delay in the filing of its audited

annual financial statements, management’s discussion and analysis and related certifications for the financial

year ended July 31, 2024 (collectively, the “Required Filings”), which were due on November 28, 2024.

During the MCTO, the general investing public will continue to be able to trade in common shares in the capital

of the Company listed on the TSX Venture Exchange (the “ TSXV”); h owever, the MCTO restricts the

Chief Executive Officer and Chief Financial Officer from trading in the securities of the Company until such

time the Required Filings have been filed by the Company and the MCTO has been lifted.

The Company and its auditor continue to work diligently toward completing the Required Filings as soon as

possible. Reasons for the anticipated delay are certain administrative delays in relation to the audit.

The Company currently expects that it will be in a position to file the Required Filings on or before January 27,

2025 and will issue a news release announcing completion of such filings once completed. Until the Company

files the Required Filings, it will comply with the alternative information guidelines set out in National Policy 12-

203 – Management Cease Trade Orders (“NP 12-203”). These guidelines require the Company to issue bi -

weekly default status reports by way of a news release during the period of the MCTO. The Company confirms

that since the date of the Announcement: (i) there has been no material change to the information set out in

the Announcement that has not been generally disclosed; (ii) there has not been any other specified default

by the Company under NP 12- 203; (iii) the Company is not subject to any insolvency proceedings; and (iv)

there is no material information concerning the affairs of the Company that has not been generally disclosed.

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. Centurion can 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.

“David G. Tafel”

CEO and Director

For Further Information Contact:

David Tafel

604-484-2161

FORWARD-LOOKING INFORMATION

This news release contains “forward- looking information” and “forward- looking statements” (collectively,

“forward-looking information”) within the meaning of applicable securities laws. Forward-looking information

is generally identifiable by use of the words “believes,” “may,” “plans,” “will,” “anticipates,” “intends,” “could”,

“estimates”, “expects”, “forecasts”, “projects” and similar expressions, and the negative of such expressions.

Forward-looking information in this news release includes statements about the expected filing of the Required

2

Filings.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may

cause the Company’s actual results, level of activity, performance, or achievements to be materially different

from those expressed or implied by such forward- looking information. Forward- looking information is based

on the reasonable assumptions, estimates, analysis and opinions of management made in light of its

experience and perception of trends, current conditions and expected developments, and other factors that

management believes are relevant and reasonable in the circumstances at the date such statements are made

including, without limitations, information based on the current status of the Required Filings and discussions

with the auditor of the Company. Although the Company has attempted to identify important factors that could

cause actual results to differ materially from those contained in forward-looking information, there may be other

factors that cause results not to be as anticipated. There can be no assurance that such information will prove

to be accurat e, as actual results and future events could differ materially from those anticipated in such

information, and there is no guarantee the Required Filings will be made on the timeline currently expected or

at all. If the Required Filings are not filed on ti me or are subject to additional delays, the securities of the

Company could be subject to a cease trade order or other actions taken by the securities regulators and/or

the TSXV. Accordingly, readers should not place undue reliance on forward- looking information. All forward-

looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims

any obligation to revise or update any such f orward-looking information or to publicly announce the result of

any revisions to any of the forward- looking information contained herein to reflect future results, events, or

developments, except as required by law.

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.