Centurion Minerals Engages Maison Placements for $1 Million Brokered Private Placement

Suite 322 - 470 Granville Street Vancouver, BC Canada V6C 1V5 Tel: (604) 683-1991 Fax: (604) 683-8544 www.centurionminerals.com [email protected]

NEWS RELEASE

CENTURION MINERALS ENGAGES MAISON PLACEMENTS FOR $1 MILLION BROKERED PRIVATE PLACEMENT

Vancouver, B.C., April 17, 2012. Centurion Minerals Ltd. (CTN: TSX-V) (“Centurion”, “the Company”) is pleased to announce that it has engaged Maison Placements Canada Inc. to act as the lead agent in a private placement of 10,000,000 Units priced at $0.10 for total gross proceeds of $1,000,000. Each Unit will consist of one common share and one half warrant. Each whole warrant will be exercisable for one common share at $0.12 for a period of eighteen months following the closing. The agent shall have the option to increase the size of the issue by up to 20%.

Proceeds from this financing will be used for general working capital purposes. The offering is subject to the approval of the TSX Venture Exchange.

A previously announced non-brokered private placement priced at $0.30 for proceeds of up to $750,000 has been cancelled.

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.

For Further Information Contact:

Investor Relations (604) 484-2161 Toll Free (North America) 1-877-784-2161

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.