Centurion Receives Export Permits; Updates Material Production
NEWS RELEASE
CENTURION RECEIVES EXPORT PERMITS; UPDATES MATERIAL PRODUCTION
Vancouver, B.C., November 14, 2018 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the
"Company") is pleased to announce that its joint-venture partner (“Demetra Fertilizantes S.A.”
or “DFSA” ) has confirmed receipt of all required export permits which will allow DFSA to
commence shipments of agri-gypsum fertilizer materials to its Paraguayan fertilizer distributors.
As previously reported , DFSA has received orders amounting to a minimum of 7 ,500 tonnes.
Transportation logistics have been arranged and the distributors and respective clients, have
indicated to DFSA they are prepared to begin receiving initial shipments this month.
DFSA has processed and prepared an initial 1,200 tonnes of premium powder and granular
material, and a further 2,500 tonnes of bulk material is stockpiled at the Ana Sofia project and
available for export.
ABOUT THE ANA SOFIA PROJECT
The Ana Sofia Project includes an agri -gypsum open pit mine and 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 gypsum rock is fed into primary and secondary
crushers, then screened and sorted into two agri-gypsum fertilizer products. The plant is designed
to produce a pellet-sized granular product and a fine powder product (comprised of a minimum
85% gypsum conte nt) 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
structure 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 situated 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.
For additional updates, follow our operations at:
Centurion Minerals - Twitter Account and Demetra Fertilizantes - Instagram Account
ABOUT CENTURION
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
Centurion Minerals Ltd. is 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
“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 f orward-
looking statements concerning the Company’s future plans and operations, including management’s assessment of the Company’s p roject
expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company’s control. Investors are cautioned
that any such statements are not guarantees of future performance and that actual performance and exploration and financial r esults may differ
materially from any estimates or projections. Such statements include, among others: pos sible variations in mineralization, grade or recovery
rates; actual results of current exploration activities; actual results of reclamation activities; conclusions of future econ omic evaluations; changes
in project parameters as plans continue to be refin ed; 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 regulato ry approvals of
operations; the abili ty of the Company and other relevant parties to satisfy regulatory requirements; the availability of financing 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.
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 product. There is a significant risk that any prod uction from the project
will not be profitable with these risks elevated b y the absence of a compliant NI 43-101 feasibility study. A mine production decision that is not
based on a feasibility study demonstrating economic and technical viability does not provide adequate disclosure of the incre ased uncertainty
and specific ris ks of failure associated with such a production decision. The Company has undertaken market research and studies 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 th e mineral product is
suitable for sale and if there are markets for the mineral product. General risks inherent in the Project include the relianc e on available data and
assumptions and judgments used in the interpretation of such data, the speculative and uncerta in nature of exploration and development costs,
capital requirements and the ability to obtain financing, volatility of global and local economic climates, share price volat ility, estimated price
volatility, changes in equity markets, exchange rate fluctua tions and other risks involved in the mineral exploration and development 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 mat erially 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 Instru ment 43-101 and
has been estimated using the CIM “Estimation of Mineral Resources and Mineral Re serves Best Practice Guidelines” dated November 23rd, 2003
and CIM “Definition Standards for Mineral Resources and Mineral 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 indicated or measured
mineral resource, however, it is reasonably expected that the majority of the Inferred Mineral Resources could be upgraded to Indicated Mineral
Resources with continued exploration. There is no guarantee that any part of the mineral resources will be converted into a m ineral 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.