Centurion Minerals Ltd: Closes First Tranche of Private Placement

VANCOUVER, August 7, 2013 - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") announces that it has closed a first tranche of a non-brokered private placement, in the amount of 1,566,429 Units priced at $0.07. Each Unit consists of one common share and one half warrant. Each whole warrant is exercisable for one common share at $0.10 for a period of eighteen months and will be subject to a four month hold period expiring in December 2013. Finders' fees of $840 and 8000 broker warrants exercisable for common shares at $0.10 for a period of eighteen months have been paid. The Company intends to close one or more additional tranches to complete its previously announced financing of up to 7,200,000 Units.

Proceeds from this financing shall be used to advance its Myanmar gold project strategy, current project exploration activities and general corporate purposes.

ABOUT CENTURION

Centurion Minerals Ltd. 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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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.