Centurion Provides Year-End Update
NEWS RELEASE
CENTURION PROVIDES YEAR-END UPDATE
Vancouver, B.C., December 24, 2018 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the
"Company") reports on key activities during the year:
Following the exceptionally heavy rainfall and protracted flooding in 2017, the agricultural region
in north-central Argentina was subjected to severe drought, which curtailed planting and
fertilizer sales through the first half of 2018. Adding to these challenges, Argentina was subjected
to a national currency crisis resulting in dramatic increases in domestic inflation, a devaluation of
the Peso and severe disruption of c redit markets for farmers and fertilizer distributors .
Management believes the current credit challenges in Argentina have stabilized and will abate in
the near term , however at present , Centurion’s operating partner, Demetra Fertilizantes
(“DFSA”) is unable to provide credit terms to Argentine fertilizer distributors, and therefore has
focused on the Paraguayan market.
Paraguay – Status of material orders:
In September, DFSA secur ed a purchase order for 7,500 tonnes of fertilizer material from a
Paraguayan distributor and was successful in obtaining export permits shortly thereafter. DFSA
has been in regu lar communication with the distributor who has confirmed the continued
demand fr om their client s, one of which is a large vertically integrated food and beverage
manufacturer. The client has now scheduled pickup of materials to commence by mid -January
2019. The order consists of premium powder and granular materials, as well as a blen ded agri-
gypsum fertilizer product and is valued at approximately $650,000 . Additional domestic and
export orders are currently in negotiation and will be announced upon execution.
“Due primarily to external factors in 2018, the demand for fertilizers has dramatically lagged that
of previous years, in north-central Argentina and Paraguay . Despite this, our Argentinian team
has been able to secure a significant contract (for delivery in early 2019) as well as launch the
Optamagro land revitalization division. We intend to aggressively advance this new division in
2019.” Centurion’s President & CEO, David Tafel, commented.
Agricultural Land Revitalization Project:
The Company formed the Optamagro Argentina (“Optamagro”) division, to focus on revitalizing,
underutilized and distressed agricultural land . To achieve this, Optamagro is integrating
Centurion’s current agri-gypsum fertilizer operations with cutting edge satellite imagery and on
the ground soil testing. Optamagro will procure and oversee the application of agri-gypsum, and
other organic minerals , fertilizers and seeds. Approximately 10 million hectares of agricultural
land in Argentina has been adversely affected by adverse weather patterns in the last 2 years.
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
Several land acquisition and profit -sharing opportunities have been sourced and are presently
being negotiated.
Optamagro has implemented a pilot project in partnership with the Cotton Growers Association
of Santiago del Estero , to treat a n under-producing parcel of land containing compacted and
semi-salinated soils. Approximately 25,000 hectares of land controlled by members of the
association are estimated to require revitalization and optimization services. Optamagro is well
positioned to take advantage of this potential revenue generating opportunity.
ABOUT THE ANA SOFIA PROJECT
The Project includes an agri -gypsum mine and complete 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. The plant is designed to produce a pellet-sized granular
product and a fine powder product (comprised of a minimum 85% gypsum content) 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 struct ure 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 situat ed 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% gypsum, using an 85% cut -off grade that is the minimum required gypsum content for
commercial-quality agricultural gypsum products in Argentina.
ABOUT CENTURION
Centurion Minerals Ltd. i s 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,
including:
Centurion Minerals - Twitter Account and Demetra Fertilizantes - Instagram Account
“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 ex ploration 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 an d 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, politic al 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 pr oduct. There is a significant risk that any production from the project
will not be profitable with these risks elevated by the absence of a compliant NI 43-101 feasibility study. A mine production decision that is not
based on a feasibility study demons trating economic and technical viability does not provide adequate disclosure of the increased uncertainty
and specific risks of failure associated with such a production decision. The Company has undertaken market research and stud ies 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 the mineral product is
suitable for sale and if there are markets for the mineral product. General risks inherent in the Project include the re liance on available data and
assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and de velopment costs,
capital requirements and the ability to obtain financing, volatility of global and lo cal economic climates, share price volatility, estimated price
volatility, changes in equity markets, exchange rate fluctuations and other risks involved in the mineral exploration and dev elopment 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 from 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 Instrument 43 -101 and
has been estimated using the CIM “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated Novemb er 23rd, 2003
and CIM “Definition Standards for Mineral Resources and Mine ral 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 economic viability. There has been insufficient exploration to define the inferred resources as an indicate d or measured
mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indic ated Mineral
Resources with continued exploration. There is no guarantee that any part of the mineral resources will be converted i nto a mineral 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.