Centurion Minerals Ltd. Provides Status Report of Annual Financial Statements and MD&A

Centurion Minerals Ltd. (TSXV: CTN) has provided a bi-weekly default status report in accordance with National Policy 12-203 – Management Cease Trade Orders (NP 12-203), updating investors on the progress of its Annual Financial Statements (Annual Filings) and Interim Financial Statements (Interim Filings). The company previously announced on November 14, 2024, that it had applied for a management cease trade order (MCTO) due to the delay in filing its Annual Filings by the applicable filing deadline of November 28, 2024. The MCTO was issued on November 29, 2024, and restricts the Chief Executive Officer and Chief Financial Officer from trading in securities of the Company until the Annual Filings have been filed and the MCTO has been lifted.

The company has been working diligently with its auditor to complete the Annual Filings and Interim Filings as soon as possible. The completion of the Interim Filings is dependent on the results contained in the Annual Filings. The company expects to file the Annual Filings on or before January 27, 2025, and the Interim Filings within five business days of the Annual Filings. The reasons for the anticipated delay are certain administrative delays in relation to the audit process.



The company confirms that since the date of the Default Announcement, there has been no material change to the information set out in the Default Announcement that has not been generally disclosed. There has been no failure by the Company in fulfilling its stated intentions with respect to satisfying the provisions of the alternative information guidelines set out in NP 12-203. There has not been any other specified default by the Company under NP 12-203, and there is no other material information concerning the affairs of the Company that has not been generally disclosed.

Centurion Minerals Ltd. is a Canadian-based company with a focus on mineral asset exploration and development in the Americas. The Company is engaged in the acquisition, exploration, and development of mineral properties. Its geographic areas include Canada and Argentina. The Company's Casa Berardi West Gold Project consists of three properties (Newman, Noseworthy, and Hepburn) covering a total area of approximately 8453 hectares located in the Abitibi Greenstone belt. The Casa Berardi West Project is located approximately 100 kilometers east and northeast of the town of Cochrane, Ontario. The Company also has an option agreement to acquire The Nicaraguan San Cristobal Gold Project.

The company's financials for the past year show a decrease in revenue and an increase in expenses, leading to a net loss for the year. The company's stock price has also been affected by the delay in filing, with the stock price decreasing from its 52-week high of 21.15 USD to its current price of 19.12 USD.

Investors should continue to monitor the company's progress and the completion of the Annual Filings and Interim Filings. The company's ability to regain investor confidence will depend on its ability to complete the filings and address any concerns raised by investors.