CTN Class A Common Shares

Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") announces
that its previously announced (November 2, 2012) non-brokered private placement
of up to 4,300,000 Units priced at $0.07 has been oversubscribed. The Company
plans to increase the private placement to up to 5,714,285 Units priced at $0.07
for total gross proceeds of up to $400,000. Each Unit will consist of one common
share and one half warrant. Each whole warrant will be exercisable for one
common share at $0.10 for a period of eighteen months following the closing and
will be subject to a four month hold period.


Proceeds from this financing shall be used for Myanmar project due diligence,
exploration activities and general corporate purposes. The offering is subject
to the approval of the TSX Venture Exchange and finders' fees will be paid.


The New Myanmar Foreign Investment Law

In early November, Myanmar President Thein Sein, signed and announced new
foreign investment legislation which includes the opportunity for foreign
companies to own up to 100% of business ventures, offers foreign tax exemptions
or relief, and provides for long-term land leases. "The adoption of this new
legislation combined with the suspension of international economic sanctions
earlier this year has created a viable investment platform for foreign investors
in Myanmar," stated Mr. Alfred Lenarciak, Centurion Chairman.


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 Limited
David Tafel
President and CEO
(604) 484-2161
(604) 683-8544 (FAX)
info@centurionminerals.com
www.centurionminerals.com

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