|July 29, 2009|
Centurion Arranges Private Placement
|Vancouver, B.C.-- July 29, 2009 -- Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion" or "the Company") is pleased to announce that it has arranged a non-brokered private placement of up to 3,000,000 units priced at $0.10 for gross proceeds of $300,000. Each Unit will consist of one common share and one half share purchase warrant. Each whole warrant will be exercisable for one common share at $0.15 for a period of two years from closing.|
The private placement is subject to acceptance by the TSX Venture Exchange and all securities issued will be subject to a four-month hold period.
Proceeds from this financing will be used for general working capital purposes and to advance exploration programs on the Company's properties.
ABOUT CENTURION MINERALS LTD.
Centurion is a Canadian based company focused on the procurement, exploration and development of gold and other precious metal properties. The Company has an option to acquire up to a 60% interest in the Copper Prince Gold-Copper property in Sudbury, Canada.
On Behalf of the Board,
"David G. Tafel"
President and CEO
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For Further Information Contact:
This news release may contain forward looking statements concerning future operations of Centurion Minerals Ltd. (the "Company"). All forward looking statements concerning the Company's future plans and operations, including management's assessment of the Company's project expectations or beliefs may be subject to certain assumptions, risks and uncertainties beyond the Company's control. Investors are cautioned that any such statements are not guarantees of future performance and that actual performance and exploration and financial results may differ materially from any estimates or projections.
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