Centurion Closes 2.5 Million Unit Private Placement

Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", the "Company") is
pleased to announce that it has closed the first tranche of its previously
announced (November 25, 2011) brokered private placement for total gross
proceeds of $1.0 Million.


The first tranche consisted of 2,500,000 Units priced at $0.40 for total gross
proceeds of $1,000,000. Each Unit consists of one common share and one half
warrant. Each whole warrant is exercisable for one common share at $0.55 for a
period of eighteen months following the closing. The units are subject to a hold
period which expires in April 2012.


The Company has paid Agent fees of $59,600 and issued 186,250 non-transferrable
Agent's warrants. The warrants are exercisable into Units at $0.55 on the same
terms as the placees.


Proceeds from this financing will be used for exploration and drilling programs
on the Company's Banda Raya property located in Aceh Province, Northern Sumatra,
Indonesia, and for general working capital purposes.


ABOUT CENTURION

Centurion Minerals Limited is a Canadian-based company focused on the
procurement, exploration and development of gold and other precious metal
projects in Northern Sumatra, Indonesia and Canada.


On Behalf of the Board,

David G. Tafel, 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.