Sable Property

On September 16, 2009, Centurion Minerals announced that it had executed a Memorandum of Agreement to acquire a 77% interest in PT Tambang Mas Sable ("PT TMS"), a private company which holds a Contract of Work ("COW") on the Sable gold project in Aceh Province, Northern Sumatra, Indonesia.

The Sable project is approximately 23,500 hectares in size and is located approximately 15 kilometres west of the East Asia Minerals Corporation ("East Asia") (EAS:TSX-V) Miwah epithermal gold project. The Sable Project has been subject to previous historical exploration consisting of rock chip and soil geochemical sampling, as well as drilling of 19 diamond holes ranging from 150 to 250 metres in depth. The company is currently reviewing the historical data. The historical programs have been conducted mainly in the southern part of the project, in areas referred to as the "Saddle Hill" and "Sequenten" prospects. However, the northern region of the Sable project, referred to as the "Geupoh" prospect, which is west of, and potentially on strike to Miwah, has not been actively explored to date.

Centurion will be responsible for assisting and funding the reactivation of the COW (US$60,000) and funding 100% of exploration costs to feasibility stage of the Sable project. Upon the reactivation of the COW, Centurion is to make staged payments totaling $100,000 and issue 400,000 common shares and 100,000 common share options. The MOA is subject to completion of due diligence and definitive agreements as well as regulatory and Board of Director approvals.

Upon completion of due diligence and definitive agreements, Centurion intends to commence an active exploration program on the Sable project.