Vancouver, British Columbia--(Newsfile Corp. - June 23, 2017) - Centurion Minerals Ltd. (TSXV: CTN) ("Centurion", or the
"Company") announces it has arranged a non-brokered private placement for up to $200,000 priced at $.05/Unit. Each Unit consists of
one common share and one 2-year common share purchase warrant. Each warrant will be exercisable for one common share at $0.10 for
the first year and at $0.15 for the second year following the closing. Closing will be subject to TSX Venture Exchange approval and
any shares issued will be subject to a four-month hold period.
Proceeds from this financing shall be used by the Company as operating expenses for the Ana Sofia, Argentina agri-gypsum plant
and for general corporate purposes.
A total of $86,600 of Centurion's previously announced private placement for $175,000 at $0.07/unit was completed and the
balance of this financing has been cancelled.
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
For Further Information contact:
David Tafel
604-484-2161
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.
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. The Company's Ana
Sofia project has not been the subject of a feasibility study and as such there is no certainty that a potential mine will be
realized or that the processing facility will be able to produce a commercially marketable product. There is a significant risk
that any production from the project will not be profitable with these risks elevated by the absence of a compliant NI 43‑101
feasibility study. 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. The work carried out to date is of a preliminary nature to assist in the determination as to whether the
mineral product is suitable for sale and if there are markets for the mineral product. The Company has undertaken market research
and studies to try to mitigate these risks. General risks inherent in the Project include the reliance on available data and
assumptions and judgments used in the interpretation of such data, the speculative and uncertain nature of exploration and
development costs, capital requirements and the ability to obtain financing, volatility of global and local economic climates,
share price volatility, estimated price volatility, changes in equity markets, exchange rate fluctuations and other risks involved
in the mineral exploration and development industry. There can be no assurance that a forward‑looking statement or information
referenced herein will prove to be accurate, as actual results and future events could differ materially from those anticipated in
such statements or information. Accordingly, readers should not place undue reliance on forward‑looking statements or information.
We undertake no obligation to reissue or update any forward‑looking statements or information except as required by
law.
