Vancouver, British Columbia--(Newsfile Corp. - December 16, 2016) - Centurion Minerals Ltd. (TSXV: CTN) ("Centurion", or
the "Company") is pleased to announce that further to its Oct 31, 2016 news release, it has filed a Technical Report related to an
initial resource estimate for its Ana Sofia agricultural-gypsum project located in Santiago Del Estero, Argentina. The resource
estimate is based on exploration and test-pitting work that focused on two near-surface gypsum layers located within one of the
project's mining concessions and surrounding exploration permit area. The 2 gypsum layers represent an inferred
resource of 1.47 million tonnes averaging 94.1% gypsum, using an 85% cut-off grade that is the minimum required gypsum content
for agricultural, commercial-quality gypsum products in Argentina. The Technical report is available at www.sedar.com, and on the Company's website at www.centurionminerals.com.
The Ana Sofia Technical Report has been prepared in accordance with the Canadian Securities Administrators National Instrument
43-101 and the resource estimate has been calculated using the CIM "Estimation of Mineral Resources and Mineral Reserves Best
Practice Guidelines" dated November 23rd, 2003 and CIM "Definition Standards for Mineral Resources and Mineral Reserves" dated May
10th, 2014. Mr. Andrew J. Turner, B.Sc., P.Geol., a Principal and Consultant with APEX Geoscience Ltd. of Edmonton,
Alberta, was retained as a consultant to Centurion and is co-author of the report. He previously authored the initial technical
report on the Property.
Qualified Person
The technical content of this news release has been reviewed and approved by Andrew J. Turner, B.Sc., P.Geol., who is the Company's
Geological Consultant and is a Qualified Person as defined by National Instrument 43-101 Standards of Disclosure for Mineral
Projects.
ABOUT CENTURION
Centurion Minerals Ltd. is a Canadian-based company with an international focus on the exploration and development of agri-mineral
and precious mineral 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:
David Tafel
President and CEO
604-484-2161
This news release contains 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.
Such statements include, among others: possible variations in mineralization, grade or recovery rates; actual
results of current exploration activities; actual results of reclamation activities; conclusions of future economic evaluations;
changes in project parameters as plans continue to be refined; failure of equipment or processes to operate as anticipated;
accidents and other risks of the mining industry; delays and other risks related to construction activities and operations; timing
and receipt of regulatory approvals of operations; the ability of the Company and other relevant parties to satisfy
regulatory requirements; the availability of financing for proposed transactions, programs and working capital requirements on
reasonable terms; the ability of third‑party service providers to deliver services on reasonable terms and in a
timely manner; market conditions and general business, economic, competitive, political and social conditions. It is
important to note that the information provided in this news release is preliminary in nature. There is no certainty
that a potential mine will be realized. A mine production decision that is not based on a feasibility study
demonstrating economic and technical viability does not provide adequate disclosure of the increased uncertainty and specific risks
of failure associated with such a production decision.
