Centurion Reports Significant Gold Assays From Rock Samples From Its Banda Raya Property

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 21, 2011) - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") is pleased to announce significant gold assay results from rock channel samples from the Zulham prospect within the Banda Raya property in Aceh province, Northern Sumatra, Indonesia. The assay results are indicative of potentially large epithermal and/or shallow intrusion-related gold mineralization within the area.

Highlights from assay results received to date from a total of 105 rock samples taken from the Zulham prospect are as follows:

• 8 samples @ 6 - 14.5 grams/tonne (g/t) Au
  • Including 4 samples @ 10 - 14.5 g/t Au
• 18 samples @ 1 - 3.9 g/t Au
• 17 samples @ 0.1 - 0.9 g/t Au
• The balance are < 0.1 g/t Au

All assays came from 1 metre (m) sawn rock channel samples with the exception of four analyses within the 1 - 3.9 g/t Au group that were rock chip samples. The Company is currently preparing a first-phase drilling program in the area to commence as quickly as possible.

The Zulham prospect is situated within the east-west trending Miwah-Menawan lineament and approximately 1875 m above sea level. Thus far, the mineralization has been defined over an area of 300 m in length and 2-7 m in width, and remains open in all directions. Gold is believed to occur in galena-sphalerite-dominated sulfide veins and stockworks, sheeted veins with comb texture, vuggy breccias with sulfide dissemination, and hydrothermal breccias with sulfide cements.

Furthermore, the Zulham prospect is approximately 750 m northeast of the previously identified Keladi prospect, from which past explorer Highlands Pacific Ltd. reported nine rock chip samples that returned between 2 and 27 g/t Au over a 500 m long vein system. Both Zulham and Keladi lie within a 1.5-km diameter multiple-ring circular structure.

"These results validate our geological teams' efforts to 'cover the last mile' in challenging terrain and we are eager to advance the exploration program in order to determine the size of this gold prospect," stated Alfred Lenarciak, Centurion Chairman.

Qualified Person, Quality Assurance and Quality Control

Thomas Mulja, Ph.D., P.Geo and Chief Operating Officer of the Company is the Qualified Person under National Instrument 43-101 who has supervised the preparation of the technical contents of this news release.

The sampling protocol is managed by Centurion Minerals under the supervision of Thomas Mulja and/or exploration manager Thomas Dott. Rock chips and sawn channel samples are sealed in poly zip lock or "Hubco" sample bags and delivered to Intertek Testing and Inspection Services preparation laboratory in the city of Medan, North Sumatra. The resulting pulps are sent directly by the laboratory staff to its headquarters analytical laboratory in Jakarta. The Jakarta Laboratory is ISO 90001 and 17025 accredited and employs a Laboratory Information Management System for sample tracking, quality control and reporting. In addition to Intertek internal standard materials and blank samples, Centurion regularly inserts into every sample batch its own certified rock standards from OREAS and GEOSTATS, Australia, and field duplicate samples. Gold is determined with fire assay methods (FA 50), and other elements with Induced Coupled Plasma-Optical Emission Spectrometry (ICP-OES; Intertek Codes: IC01 and IC50). Intertek systematically re-assays selected low, high, and over-limit results.

ABOUT CENTURION

Centurion Minerals Limited is an Indonesian-based, Canadian-headquartered company focused on the procurement, exploration and development of gold, copper and other precious metal projects in Indonesia.

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.