Centurion Reports Results of Agsm
NEWS RELEASE
CENTURION REPORTS RESULTS OF AGSM
Vancouver, B.C., August 12, 2022 - Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion", or the "Company")
reports that shareholders approved all proposed management resolutions at its Annual General and
Special Meeting (“AGSM”) held August 12, 2022. Below are the approved resolutions:
i. The number of Directors for the Company was set at four;
ii. The four members elected to the Board of Directors include: David G. Tafel, Jeremy Wright,
Kenneth A. Cawkell, and Joseph Del Campo;
iii. Manning Elliot LLP, Chartered Accountants, was reappointed as auditor of the Company;
iv. The Company's New Long Term Incentive Plan was ratified;
v. The Plan of Arrangement under section 288 of the Business Corporations Act (British Columbia)
involving the Company and SpinCo. (The purpose of the Arrangement is to restructure the Company by
creating SpinCo, which will become a reporting issuer in the Provinces of British Columbia and Alberta upon
completion of the Arrangement. SpinCo will hold the Company's Cannabis Assets, as mo re fully set forth in
the Management Circular. Centurion will retain its remaining assets and working capital and continue as a
mineral exploration company.)
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company with a focus on mineral asset development in the
Americas. The Company’s lead investment is its interest in the Ana Sofia Agri -Gypsum Fertilizer Project,
and it is also reviewing additional prospective, precious mineral exploration projects.
“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
All statements, trend analysis and other information contained in this press release about anticipated future events or resul ts
constitute forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words
such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect” and “intend” and statements that an event or result “may”,
“will”, “should”, “could” or “mig ht” occur or be achieved and other similar expressions. All statements, other than statements
of historical fact, included herein, including, without limitation, statements regarding, the completion of the Arrangement, the
Meeting, the Final Order hearing of the Court, the anticipated benefits of the Arrangement, the Company’s plan to develop its
business and provide Shareholders with additional investment choices and enhanced value, the Company's plans to complete
the Consolidation and the Company's plans to apply to the TSX -V for a resumption of trading as a mineral exploration issuer
following the Meeting; and future capital expenditures, anticipated content, commencement, and cost of exploration programs
in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities,
resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of
future activities of the Company; are forward -looking statements. Although the Company believes that the expectations
Suite 520 - 470 Granville Street
Vancouver, BC Canada V6C 1V5
Tel: (604) 484-2161
Fax: (604) 683-8544
www.centurionminerals.com
reflected in such forward -looking statements and/or information are reasonable, undue reliance should not be placed on
forward-looking statements since the Company can give no assurance tha t such expectations will prove to be correct. These
statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ
materially from those anticipated in such forward -looking statements, includin g the risks, uncertainties and other factors
identified in the Company’s periodic filings with Canadian securities regulators, and assumptions made with regard to: the
Company’s ability to complete the proposed Arrangement on the terms and conditions contemplated, or at all; the Companies'
ability to secure the necessary shareholder, Court and regulatory approvals required to complete the Arrangement; the
estimated costs associated with the Arrangement; the timing of the Meeting, the Final Order hearing and the Arrangement; and
that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary
permits, licenses and regulatory approvals in connection with the future exploration of the Company's propertie s, that the
COVID-19 global pandemic will not affect the ability of the Company to conduct the exploration program on the Project, the
availability of financing on suitable terms, and the Company's ability to comply with environmental, health and safety la ws.
Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained in the forward-looking statements. Important factors that
could cause actual results to differ materially from the Company expectations include risks associated with the business of t he
Company; risks related to the satisfaction or waiver of certain conditions to the closing of the Arrangement; non-completion of
the Arrangement; risks related to the Company failing to obtain the requisite shareholder approval required for the
Arrangement; risks relating the number of dissenting shareholders requiring fair value for their securities in connection with the
Arrangement; risks related to exploration and potential development of the Company’s projects including the Company's option
to acquire the Project, the proposed expenditures for exploration work thereon, the ability of the Company to obtain sufficie nt
financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the
TSX Venture Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks relating
to epidemics or pandemics such as COVID–19, including the impact of COVID–19 on the Company's business, financial condition
and results of operations, currency and commodity fluctuations, title disputes or claims, environmental issues and liabilities, the
need for cooperation of government agencies and indigenous groups in the issuance of required permits; the need to obtain
additional financing to develop properties, and uncertainty as to the availability and terms of future financing; and other r isk
factors as detailed from time to time and additional risks identified in the Company filings with Canadian securities regulators
on SEDAR in Canada (available at www.sedar.com). Forward -looking statements are based on estimates and opinions of
management at the date the statements are made. The Company does not undertake any obligation to update forward-looking
statements except as required by applicable securities laws. Investors should not place undue reliance on forward -looking
statements.