Badak

On February 16, 2010 Centurion Minerals announced that the Company had executed a Binding Letter Agreement with two (arms-length) private Indonesian companies whereby Centurion will hold an 80% joint venture interest in the "Badak" property in Northern Sumatra. The Badak property is one of the three claim areas announced in a news release dated December 21, 2009.

The Badak mineral claim is approximately 10,000 hectares in size and is located to the southeast of East Asia's Miwah discovery in Northern Sumatra, Indonesia and within the renowned Neogene mineralized magmatic belt of Sumatra. The Neogene belt contains many gold and base-metal deposits, making it one of the most productive among the Indonesian metallogenic zones.

The property has undergone previous exploration for gold and base-metals in the last three decades. Located between the Miwah and Abong epithermal gold mineralization to the northeast and southeast respectively, Badak hosts at least two gold anomalous areas with characteristics interpreted by previous explorers to be of epithermal style. These anomalies, which were delineated from results of geochemical survey, occur within a large complex of extrusive centers. The centers consist of extensively altered Pleistocene andesite to dacite piles, and are cut by north-to-northeast striking faults - a structural trend that controls mineralization in the region. This geological setting is similar to that of the Miwah discovery, hence potentially hosting important volcanogenic epithermal deposits.