Centenera Completes 100% El Quemado Earn-In Vancouver, British Columbia – Centenera Mining Corporation ( “Centenera” or the “Company”) - (TSXV: CT,
LC129871-1
NR-18-12 September 25, 2018
Centenera Completes 100%
El Quemado Earn-In
Vancouver, British Columbia – Centenera Mining Corporation ( “Centenera” or the “Company”) - (TSXV: CT,
OTCQB: CTMIF) announces that it has issued the final tranche of 1,430,000 common shares in its capital (the "Shares")
under the terms of the El Quemado lithium property (the “ Property”) to the vendor (the “Vendor”) of the Property .
Centenera has now fully exercised its option and owns 100% of the Property, subject to a 2% net smelter returns (“NSR”)
royalty granted in favour of the Vendor, which it intends to hold through its Argentine subsidiary, Cardero Argentine S.A.
To acquire the 7,950-hectare Property, Centenera has issued a total of 2,500,000 Shares to the Vendor over a 24-month
period (at an average deemed share price of C$ 0.14 per share) and nil cash, for total consideration of C$ 350,000.
Centenera has the right to purchase 1% of the NSR royalty at any time for a cash payment of US$750,000.
“Completion of this acquisition is another important milestone for the Company ,” stated Keith Henderson, the
Company’s President & CEO . “Given the positive results from channel sampling of various prospects within the
Property and the additional upside still not fully explored, the Company considers the C$350,000 acquisition cost to
be excellent value for this large and prospective Property.”
Qualified Person
Keith J. Henderson , P.Geo., is the Company’s qualified person as defined by N ational Instrument 43-101 Standards of
Disclosure for Mineral Projects and has reviewed the scientific and technical information that forms the basis for portions
of this news release. He has approved the disclosure herein. Mr. Henderson is not independent of the Company, as he is
an employee of the Company and holds securities of the Company.
About Centenera Mining Corporation
Centenera is a mineral resource company trading on the TSX Venture Exchange under the symbol “CT” and on the OTCQB
exchange under the symbol “CTMIF”. The Company is focused 100% on mineral resource assets in Argentina, which
include gold, silver, copper -gold and lithium assets. Centenera’s assets are located in Salta, San Juan and Santa Cruz
Provinces, which are widely recognized as being favourable jurisdictions for mining and exploration.
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]
Neither 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 news release.
Centenera Mining Corporation 2 September 25, 2018
NR18-12 Continued
LC129871-1
This news release co ntains 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 Ref orm Act of 1995. All
statements, other than statements of historical fact, included herein including, without limitation, statements regarding the Company's ability to
purchase 1% of the NSR royalty 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 such expectations will prove to be correct. Often,
but not always, forward looking information can be identified by words such as "pro forma", "plans", "expects", "may", "shoul d", "budget",
"scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of su ch words including negative variations
thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In making the
forward-looking statements in this news release, the Company ha s applied several material assumptions, including without limitation, that market
fundamentals will result in sustained precious metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in
connection with the future development of the Company’s Argentine projects in a timely manner, the availability of financing on suitable terms for
the development, con struction and continued operation of the Company projects, and the Company’s ability to comply with environmental, health
and safety laws.
Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actu al results, performance or
achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking
information. Such risks and other factors include, among others, operating and technical difficulties in connection with mineral explorati on and
development and mine development activities at the Property, estimation or 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
availability of a sufficien t supply of water and other materials, requirements for additional capital, future prices of precious metals and copper,
changes in general economic conditions, changes in the financial markets and in the demand and market price for commodities, possible v ariations
in ore grade or recovery rates, possible failures of plants, equipment or processes to operate as anticipated, accidents, labour disputes and other risks
of the mining industry, delays or the inability of the Company to obtain any necessary permi ts, consents or authorizations required , including TSX
Venture Exchange acceptance, any current or future property acquisitions, financing or other planned activities , changes in laws, regulations and
policies affecting mining operations, hedging practices, currency fluctuations, 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 ventur e operations, and risks related to the
integration of acquisitions, as well as those factors discussed under the heading "Risk Factors" in the Company's latest Management Discussion and
Analysis and 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 information in this news release or incorporated by reference herein.
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