|January 11, 2010|
Centurion Closes Non-Brokered Private Placement
|Vancouver, B.C., January 11, 2010. Centurion Minerals Ltd. (CTN: TSX-V) ("Centurion" or "the Company") is pleased to announce that its non-brokered private placement financing announced December 22, 2009 has closed and the Company has issued 1,000,000 units priced at $0.50 for total gross proceeds of $500,000. Each unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $0.60 for a period of two years from closing. Finders' fees of $21,100 and 50,000 Broker warrants (having the same terms as the subscribers) are to be paid.|
Further to its news release of January 6, 2010, Centurion announces a second private placement priced at $0.50 per Unit for total gross proceeds of $100,000. Each unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $0.64 for a period of two years from closing. The financing is subject to regulatory approval.
Proceeds from these financings will be used for general working capital purposes, due diligence of potential projects and to advance exploration programs on the Company's current properties.
Centurion is a Canadian-based company focused on the procurement, exploration and development of gold and other precious metal projects.
On Behalf of the Board,
"David G. Tafel"
President and CEO
Neither the 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 release.
For Further Information Contact:
President and CEO
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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