v.CTN - CENTURION MINERALS LTD.

[Stocks4Me]

There was so much demand to get in on the PP that they increased it by 20% !!!

Centurion Minerals Increases Private Placement by One Million Units
3:07 PM ET, May 26, 2010


VANCOUVER, BRITISH COLUMBIA, May 26, 2010 (Marketwire via COMTEX) -- Centurion Minerals Ltd. (CTN) ("Centurion", "the Company") announces, further to its news release dated April 26, 2010, that due to high interest in the brokered private placement of up to 5,000,000 Units priced at $1.00, a second brokered private placement of 1,000,000 Units priced at $1.20 has also been arranged. Each Unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $1.50 for a period of eighteen months following the closing. This placement will also be led by Maison Placements Canada Inc.

Proceeds from this financing will be used for exploration and drilling programs on the Company's properties, due diligence of further potential projects, and for general working capital purposes. The offering is subject to the approval of the TSX Venture Exchange.

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.

SOURCE: Centurion Minerals Ltd.

Centurion Minerals Ltd.David TafelPresident and CEO604-484-2161604-683-8544 (FAX)info@centurionminerals.comwww.centurionminerals.com

[Stocks4Me]

Here's one with a real chance of going somewhere in a hurry.

ONLY 27 million shares fully diluted, with a $5 million PP recently announced which was supposedly pre-sold at $1.00 per share.  Including half-warrants, fully diluted is still under 35 million shares.


In Indonesia, the Company has a 77% interest in the Sable gold project in Aceh Province, Northern Sumatra which holds a Contract of Work (COW) permit. The Company also has executed a Binding Letter Agreement whereby Centurion holds an 80% interest in the Badak property in Northern Sumatra which has recently been granted an Indonesian mining license (IUP) for exploration activities. Centurion is actively negotiating the acquisition of additional Northern Sumatra projects. In Canada, the Company has an option to acquire up to a 60% interest in the Copper Prince Gold-Copper property in Sudbury, Ontario.

Copper Prince property, Ontario
The Copper Prince property is a Gold-Copper project comprised of a contiguous block of 16 patented mining claims, encompassing approximately 260 hectares located in Falconbridge Township within the greater city of Sudbury, Ontario. The project lies in the Huronian Gold Belt -- a zone of past gold producers that extends from NE of the Sudbury Basin to the SW, south of the town of Espanola, a distance of approximately 120 kilometers (km).

On November 4, 2008, Centurion Minerals Ltd. entered into an option and joint venture agreement with Garson Gold Corp. (GG:TSX-V) whereby Centurion can earn up to a 60% interest in the Copper Prince Property in two stages: 50% interest by making total payments of $75,000, issuing 650,000 shares, and incurring $900,000 in exploration expenditures over three years, and an additional 10% interest by incurring an additional $400,000 in exploration expenditures and issuing 250,000 shares within 18 months of the three-year anniversary date of the agreement. The property is currently subject to a 2% Net Smelter Royalty.

Centurion has commenced a first phase exploration program which will include a geophysical survey, mapping, line-cutting and channel sampling.

The claims immediately to the north and west of Copper Prince are owned by FNX Mining-Xstrata and are being explored for footwall type Ni-Cu-PGM deposits. Xstrata is developing their Nickel Rim South deposit with plans to go into production in 2009. The Xstrata smelter is located approximately two km to the north of the Copper Prince boundary. To the immediate east of the Copper Prince property lies the Falcon Gold Property which is owned by Kinross Gold Corp. Vale Inco's Manchester Offset Dyke (a Ni-Cu-PGM deposit) is located approximately 0.5 of a km south of the Copper Prince southern boundary.


Previous Exploration
From 1950 to 1973 Copper Prince Mines conducted various exploration programs over the property. During 1988-1989, Rainbow Exploration Corp. purchased the property from Copper Prince Mines, and optioned it to INCO Gold Co. INCO Gold constructed a new grid (for 29.6 km) and completed magnetic, electromagnetic (VLF and some IP surveys), remapped the geology at a scale of 1:1,000, collected 594 surface samples and drilled 4 holes for 421 m to test mineralization beneath the original "main" prospecting pit, and in 2 other areas.

In the period 1995 to 1997, Rainbow Petroleum Corp. tested the South Range Breccia Belt cutting the property with 27 diamond drill holes for 6,319 m testing zones with narrow gold copper values at surface. Estimated expenditures by INCO Gold and the Rainbow group of companies to that time were approximately $750,000.

In 2004, MBMI Resources Inc. drilled 10 shallow diamond drill holes for a total of 775 m. The assay data received confirms Copper-Gold mineralization within quartz veins which range up to several meters in size concentrations. Two zones containing numerous quartz veins containing Chalcopyrite, Pyrite, and Pyrrhotite mineralization were encountered. One trend is 15 m wide by 50 m long, and open on strike and at depth. The other trend extends 80 m in length, and up to 0.5 m in width and is also open on strike and to depth.

The information posted above was accurate at the time of posting, but may be superseded by subsequent disclosures.

Sable property, Sumatra
On September 16, 2009, Centurion Minerals announced that it had executed a Memorandum of Agreement to acquire a 77% interest in PT Tambang Mas Sable ("PT TMS"), a private company which holds a Contract of Work ("COW") on the Sable gold project in Aceh Province, Northern Sumatra, Indonesia.

The Sable project is approximately 23,500 hectares in size and is located approximately 15 kilometres west of the East Asia Minerals Corporation ("East Asia") (EAS:TSX-V) Miwah epithermal gold project. The Sable Project has been subject to previous historical exploration consisting of rock chip and soil geochemical sampling, as well as drilling of 19 diamond holes ranging from 150 to 250 metres in depth. The company is currently reviewing the historical data. The historical programs have been conducted mainly in the southern part of the project, in areas referred to as the "Saddle Hill" and "Sequenten" prospects. However, the northern region of the Sable project, referred to as the "Geupoh" prospect, which is west of, and potentially on strike to Miwah, has not been actively explored to date.

Centurion will be responsible for assisting and funding the reactivation of the COW (US$60,000) and funding 100% of exploration costs to feasibility stage of the Sable project. Upon the reactivation of the COW, Centurion is to make staged payments totaling $100,000 and issue 400,000 common shares and 100,000 common share options. The MOA is subject to completion of due diligence and definitive agreements as well as regulatory and Board of Director approvals.

Upon completion of due diligence and definitive agreements, Centurion intends to commence an active exploration program on the Sable project.

Badak property, Sumatra
On February 16, 2010 Centurion Minerals announced that the Company had executed a Binding Letter Agreement with two (arms-length) private Indonesian companies whereby Centurion will hold an 80% joint venture interest in the "Badak" property in Northern Sumatra. The Badak property is one of the three claim areas announced in a news release dated December 21, 2009.

The Badak mineral claim is approximately 10,000 hectares in size and is located to the southeast of East Asia's Miwah discovery in Northern Sumatra, Indonesia and within the renowned Neogene mineralized magmatic belt of Sumatra. The Neogene belt contains many gold and base-metal deposits, making it one of the most productive among the Indonesian metallogenic zones.

The property has undergone previous exploration for gold and base-metals in the last three decades. Located between the Miwah and Abong epithermal gold mineralization to the northeast and southeast respectively, Badak hosts at least two gold anomalous areas with characteristics interpreted by previous explorers to be of epithermal style. These anomalies, which were delineated from results of geochemical survey, occur within a large complex of extrusive centers. The centers consist of extensively altered Pleistocene andesite to dacite piles, and are cut by north-to-northeast striking faults - a structural trend that controls mineralization in the region. This geological setting is similar to that of the Miwah discovery, hence potentially hosting important volcanogenic epithermal deposits.