Centurion Provides Update ON South American Cannabis Market Potential
NEWS RELEASE
CENTURION PROVIDES UPDATE ON SOUTH AMERICAN CANNABIS MARKET POTENTIAL
Vancouver, B.C., January 07, 2020 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the "Company")
reports that over the last several quarters , management has undertaken a substantive review and
evaluation of legal cannabis cultivation, extraction and distribution opportunities in South America,
specifically focused on low-cost, stable jurisdictions including Uruguay, Argentina, Paraguay and Peru. A
significant portion of this time has been spent assessing consumer preferences and local sensitivities
toward cannabis in an effort to develop a sales -focused and consumer -curated cannabis production
strategy.
SOUTH AMERICA
Having a larger population than North America, South American countries are moving quickly with varied
cannabis legalization presently rolling-out on a country -by-country basis. Brazil alone has a population
exceeding 200 million and Centurion envisions a significant business opportunity there following recent
cannabis legalization that prohibits any domestic production but allows importation of certain cannabis
products.
David Tafel, Centurion’s President & CEO, comments: “ We strongly believe there is a near -term
opportunity in South America for the Company and investors due to:
1) A massive population exceeding more than 400 million people;
2) Broad-based consumer acceptance of cannabis and cannabis derivative products;
3) Per capita annual spending on cannabis exceeding US$200 in mature markets (Source:
Grizzle.com, January 2019);
4) Limited domestic supply; and
5) An almost complete lack of capital-markets focus on this region.
2019 IN REVIEW
Centurion management has carefully observed the maturing of the Canadian and American cannabis
space over the past 12 months , which includes excess inventory that was inadequately curated for
consumer demand as well as cost structures that were misaligned with operational consumer products
companies. Both issues have be en pervasive across the sector and have been focal point s for investor
portfolio adjustment.
The Company’s objectives are to develop a sales-oriented, South American focused company that can: (a)
produce derivative cannabis products as inputs for consumer products companies; and (b) produce an API
isolate for the pharmaceutical industry. On this last point, the Company has ongoing detailed discussions
directly and indirectly with multiple South American pharmaceutical companies to quantify potential
national and international markets as well as determine potential feasible products and distribution
networks.
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
PATH FORWARD
The Company has narrowed its strategic focus to target Uruguayan CBD distillate and isolate extraction,
produced by experienced high-quality technical teams with access to low-cost, high-grade CBD biomass.
Subject to implementation of processing activities in Uruguay, the Company intends to incorporate a
multi-country business plan approach that involves cultivation and processing operations in Argentina,
Paraguay and Peru. Product sales and distribution would target the majority of South America as well as
the EU.
URUGUAY PARAGUAY ARGENTINA PERU
Population 3,500,000 7,000,000 44,000,000 32,000,000
STRATEGY Export: Brazil & EU Export: Brazil & EU Domestic Domestic
CBD Legal Legal < 1% THC Legal < 1% THC Legal < 1% THC
THC Legal for Export Not permissible Medical Medical
Management believes one or more transactions with these attributes have the potential to deliver near
term/high margin cash flows. Subject to completion of successful negotiations, the Company’s immediate
objective is to execute one or more agreements within the first quarter of 2020.
The Company wishes to advise the investing community, that there is no guarantee of success on
consummating any new strategic transaction.
PRIVATE PLACEMENT
Further to the Company’s November 1, 2019 news release announcing a first tranche private placement
financing, the Company will not proceed with additional tranches to this financing.
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company with a focus on South American asset development.
The Company’s lead investment is its interest in the Ana Sofia Agri-Gypsum Fertilizer Project. In addition,
the Company is actively pursuing business oppo rtunities in the South American cannabis and related
products industry.
“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 forward-
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Com pany’s project
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investor s are cautioned
that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ
materially from any estimates or projections. Such statements include, among others: possible variations in mineralization, grade or recovery
rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations; changes
in project parameters as plans continue to be refined; 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 regulatory approvals of
operations; the ability of the Company and other relevant parties to satisfy regulatory requirements; the availability of fin ancing 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.