Centurion Closes First Tranche of Private Placement

Vancouver, British Columbia--(Newsfile Corp. - November 14, 2025) - Centurion Minerals Ltd. (TSXV: CTN) ("Centurion", or the "Company") is pleased to announce that it has closed a first tranche of its previously announced non-brokered private placement and issued 4,150,000 units (each a "Unit") priced at $0.05 per Unit for total gross proceeds of $207,500. Each Unit is comprised of one common share in the capital of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant is exercisable into a common share for a period of 36 months at an exercise price of $0.08.

Financing proceeds are to be allocated for working capital and general corporate activities. The shares will be subject to a 4-month hold period expiring on March 14, 2026. Finders' fees being paid are $12,000 in cash and 240,000 broker warrants, having terms identical to that of the participants.

The non-brokered private placement was carried out pursuant to prospectus exemptions of applicable securities laws and is subject to final acceptance by the TSX Venture Exchange (the "Exchange").

David Tafel, an officer and director of the Company purchased 250,000 Units for a total consideration of $12,500. David Tafel is hereinafter referred to as the "Insider Placee".

The placement to the Insider Placee constituted a "related party transaction", within the meaning of the Exchange Policy 5.9 and Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company has relied on the exemptions from the formal valuation and minority shareholder approval requirements contained in sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101 in respect of related party participation on the basis that neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the subscription for Units by the Insider Placee exceeded 25% of the Company's "market capitalization" (as calculated for the purposes of MI 61-101). Further details will be included in a material change report.

Following the first tranche closing of the non-brokered private placement, the Insider Placee advised that he holds 1,675,787 Common Shares representing approximately 9.27% of the issued and outstanding Common Shares of the Company, on a non-diluted basis, and approximately 14.56% on a partially diluted assuming the exercise of previously granted Options outstanding and the Warrants acquired hereunder and forming part of the Units. The Insider Placee advised that prior to the date hereof, he owned 1,425,787 Common Shares representing 10.24% of the issued and outstanding Common Shares on a non-diluted basis.