Centenera Closes First Tranche of Non‐Brokered Private Placement
**NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES**
NR‐17‐12 December 29, 2017
Centenera Closes First Tranche of
Non‐Brokered Private Placement
Vancouver, British Columbia – Centenera Mining Corporation ("Cen t e n e r a " o r t h e " C o m p a n y " ) ‐ ( T S X V : C T , O TC Q B :
CTMIF) a n n o u n c e s t h a t i t h a s c l o s e d t h e f i r s t t r a n c h e o f i t s n o n ‐ b r o kered private placement announced on
November 20, 2017 (the "Financing" ). In connection with the cl osing of the first tranche of the Financing, the Company
issued a total of 5,750,556 units (each, a "Unit"), priced at $0.18 per Unit for gross proceeds of $1,035,100. The Company
expects to close the second and final tranche of the Financing in early January 2018.
Each Unit consists of one common share in the capital of the Company (each, a "Common Share") and one warrant (each,
a "Warrant"), with each Warrant entitling the holder thereof to purchase one Common Share for $0.30 for a period of
18 months from the closing of the Financing (each, a "Warrant Share"). The Warrants are subject to acceleration
provisions, whereby if the closing price of the Company's Commo n Shares on the TSX Venture Exchange (the "TSXV") is
$0.40 or greater per Common Share for a minimum of ten consecut ive trading days (commencing after four months and
one day from the closing of the Financing), the Warrants will expire at 4.00pm (Vancouver time) on the 30th day after the
date on which the Company provides notice of such accelerated expiry to the holders of the Warrants.
In connection with the closing of the first tranche of the Fina ncing, the Company paid finder's fees on a portion of the
Financing to Haywood Securities Inc. ($1,575.00 and 8,750 finder’s warrants) and Carter Terry & Company ($6,300.00 and
35,000 finder’s warrants), consisting of a cash commission equa l to 7% of the gross proceeds raised by each finder and
finder's warrants equal to 7% of the corresponding number of Units issued. Each finder's warrant entitles the holder
thereof to purchase one common share of Centenera for $0.18 for a period of 18 months from the closing of the Financing
(each, a "Finder's Share"). The finder's warrants are subject to the same acceleration clause as outlined above.
The Common Shares, Warrant Shares and Finder's Shares are subje ct to a hold period of four‐months and one day in
Canada.
This news release does not constitute an offer of sale of any of the foregoing securities in the United States. None of the
foregoing securities have been and will not be registered under the U.S. Securities Act of 1933 , as amended (the "1933
Act") or any applicable state securities laws and may not be of fered or sold in the United States or to, or for the account
or benefit of, U.S. persons (as defined in Regulation S under the 1933 Act) or persons in the United States absent
registration or an applicable exe mption from such registration requirements. This news release does not constitute an
offer to sell or the solicitation of an offer to buy nor will there be any sale of the foregoing securities in any jurisdiction in
which such offer, solicitation or sale would be unlawful.
Esperanza Project Update
Exploration logistics at the Company's flagship Esperanza copper‐gold project are moving forward on schedule. Since
receipt of the drill permit (see news release dated November 20 , 2017) the Company has completed road access to the
project and construction of the drill camp. Drilling is expected to begin in the first week of January 2018.
About Centenera Mining Corporation
Centenera is a mineral resource company trading on the TSXV under the symbol "CT" and on the OTCQB exchange under
the symbol "CTMIF". The Company is focused 100% on mineral resource assets in Argentina and intends to focus its 2018
exploration activities on drill‐testing its flagship Esperanza copper‐gold project. O t h e r a ss e t s , i n c l u d i n g t h e Organullo
Centenera Mining Corporation 2 December 29, 2017
NR17‐12 Continued
gold project and the El Quemado lithium pegmatite project in Salta Province, are intended to be explored by the Company
with the aim of proving project potential and attracting a joint venture partner or a project sale. The Organullo project has
approximately 8,000 metres of historical drilling and assay res u lt s. O r g an u l lo h as a ge ol ogical target range from 19.8
million tonnes grading at 0.94 g/t gold (600,000 ounces) to 31. 6 million tonnes grading 0. 92 g/t gold (940,000 ounces)
using a 0.5 g/t gold cut‐off‐grade. It should be noted that the se potential exploration target quantities and grades are
conceptual in nature, that insufficient exploration and geologi cal modelling has been done to define a mineral resource,
and that it is uncertain if further exploration will result in the delineation of a mineral resource.
On Behalf of the Board of Directors of
CENTENERA MINING CORPORATION
"Keith Henderson"
President & CEO
For further details on the Company readers are referred to the Company's web site (www.centeneramining.com) and its
Canadian regulatory filings on SEDAR at www.sedar.com.
For further information, please contact:
Keith Henderson
Phone: 604‐638‐3456
E‐mail: [email protected]
Forward‐Looking Statements
Neither TSX Venture Exchange nor its Regulation Services Provid er ( as t hat t er m i s d efi ned i n t he pol i c i es of t he TSX Vent ur e Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
This news release contains forward‐looking statements and forward‐looking information (collectively, "forward‐looking statements") within the
meaning of applicable Canadian and U.S. securities legislation, including the United States Private Securities Litigation Reform Act of 1995. All
statements, other than statements of historical fact, included herein including, without limitation, statements regarding the anticipated content,
commencement, timing and cost of exploration programs in respect of the above mentioned projects and otherwise, anticipated exploration program
results from exploration activities, the Company's expectation that it will be able to enter i nto agreements to acquire intere sts in additional mineral
properties or attract joint venture partners or sell its Organu llo and El Quemado projects, the successful negotiation and exe cution of a definitive
option agreement for the projec ts, the discovery and delineatio n of mineral deposits/resources/reserves on the projects, the c losing and amount of
the Financing, the intended use of proceeds from the Financing and the anticipated business plans and timing of future activities of the Company, are
forward‐looking statements. Although the Company believes that such statements are reasonable, it can give no assurance that s uch expectations
will prove to be correct. Often, but not always, forward‐looking statements can be identified by words such as "pro forma", "plans", "expects", "may",
"should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including
negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or wil l occur or be taken or
achieved. Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the
forward‐looking statements. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral
exploration and development and mi ne development activities at the Project, including the geological mapping, prospecting and sampling program
being proposed for the projects (the "Program"), actual results of exploration activities, incl uding the Program, estimation o r realization of mineral
reserves and mineral resources, the timing and amount of estimated future production, costs of production, capital expenditures, the costs and timing
of the development of new deposits the inability of the Company to prove project potential of the Organullo and El Quemado projects, to attract joint
venture partners or sell any of its projects, lack of investor interest in the Financing the availability of a sufficient supply of water and other materials,
requirements for additional capita l, future prices of precious metals and copper, changes in general economic conditions, chan ges in the financial
markets and in the demand and market price for commodities, possible variations in ore grade or recovery rates, possible failures of plants, equipment
or processes to operate as anticipated, accidents, labour dispu tes and other risks of the mini ng industry, delays or the inabi lity of the Company to
obtain any necessary permits, consents or authorizations required, including TSXV acceptance, the Financing or in the completion of development or
construction activities, changes in laws, regulations and polic ies affecting mining operations, hedging practices, currency fl uctuations, title disputes
or claims limitations on insurance coverage and the timing and possible outcome of pending litigation, environmental issues and liabilities, risks
related to joint venture operations, and risks related to the i ntegration of acquisitions, as well as those factors discussed under the heading "Risk
Factors" in the Company's most recent Management Information Circular and as discussed in the annual management's discussion a nd analysis and
Centenera Mining Corporation 3 December 29, 2017
NR17‐12 Continued
other filings of the Company with the Canadian Securities Authorities, copies of which can be found under the Company's profile on the SEDAR website
at www.sedar.com.
Readers are cautioned not to place undue reliance on forward‐looking statements. Except as otherwise required by law, the Company undertakes no
obligation to update any of the forward‐looking statements in this news release or incorporated by reference herein.
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