Centurion Closes Non-Brokered Private Placement

Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") is
pleased to announce that it has closed its previously announced non-brokered
private placement. The financing consists of 5,714,286 Units priced at $0.07 for
total gross proceeds of $400,000. Each Unit is comprised of one common share and
one half warrant, with each whole warrant being exercisable for one common share
at $0.10 for a period of eighteen months following the closing. The Units are
subject to a four-month hold period which expires in March of 2013.


The Company paid finders' fees of $21,666 and issued 58,800 non-transferrable
Agent's warrants. Agent's warrants are exercisable into Units at $0.10 on the
same terms as those issued pursuant to the placees. 


Proceeds will be used for project due diligence in Myanmar, exploration
activities and general corporate purposes. 


ABOUT CENTURION 

Centurion Minerals Limited is a Canadian-based company focused on the
exploration and development of gold and other precious metal projects in
Southeast Asia. 


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Centurion Minerals Ltd.
David Tafel
President and CEO
604-484-2161
604-683-8544 (FAX)
[e-mail]
www.centurionminerals.com