Centenario Copper Corporation

Centenario Copper Corporation

December 19, 2007 12:14 ET

Centenario Copper Corporation Announces Appointment of Vice President and Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Dec. 19, 2007) - Centenario Copper Corporation ("Centenario" or the "Company") (TSX:CCT) is pleased to announce the appointment of Aaron Ames as Vice President and Chief Financial Officer of the Company, effective January 2008. Mr. Ames is a Certified Public Accountant (Ohio) and a Member of the Institute of Chartered Accountants and brings a wealth of experience in financial, accounting, audit, regulatory, controls and compliance areas, gained in over 15 years with various public and private companies. He is currently the EVP and CFO of Atlas Cold Storage Inc., a leading North American based cold storage business. Previously, he held a number of positions within Atlas Cold Storage, including SVP and CFO and Vice President, Internal Audit & Compliance. Prior to joining Atlas Cold Storage in 2005, he was employed by several other public companies and spent 8 years in the audit group of Ernst & Young.

Mr. Ames will replace Centenario's current CFO, Mr. A.J. Ali, who is currently transitioning to a new endeavour in the mining sector. Mr. Ali will remain on the board of directors of the Company.

Mr. Richard Colterjohn, President and CEO of Centenario stated "I am delighted to welcome Aaron to the Company as he brings a number of important skill sets which will facilitate our evolution from a development stage company to a producer over the next year. In addition to his relevant experience with public company financial reporting, his audit and controls experience will be invaluable as we build up our financial and accounting functions both in Chile and in Canada."

Mr. Colterjohn continued "I would also like to extend my sincere thanks to Mr. Ali for his tremendous contribution to the evolution of the Company over the last 12 months. A.J. has been instrumental in doing the very heavy lifting involved in arranging our US$110 million project debt facility with Investec and HVB and in putting into place the associated hedging facilities. I wish A.J. all the best as he moves onto his new challenges and look forward his continued contribution as a director of Centenario."

In connection with his employment, Mr. Ames has been granted 100,000 options to acquire common shares of the Company for a period of 5 years, exercisable at the closing price of the Company's shares on the TSX on December 18th 2007, and subject to certain vesting provisions and the terms of the Company's Stock Option Plan.


Richard Colterjohn, President and CEO

About Centenario Copper Corporation:

The Company was founded in 2004 with the goal of becoming a mid-tier copper producer and consolidator, active in regions of low sovereign risk. Centenario currently operates exclusively in Regions II and III of Chile. The Company intends to achieve its goal through the acquisition and development of advanced, mid-sized copper projects. It then plans to enhance the scale and value of its principal projects through the roll-up of smaller satellite copper resources which exist regionally around the principal projects.

The Franke Property, located in Region II, is currently in construction and is projected to produce 30,000 tonnes of cathode copper per year, starting in December 2008. On the nearby Pelusa Property, a fast track evaluation of various copper targets is underway with an objective of developing additional feed for the Franke processing plant. The Pan de Azucar Property, located 45 km. from the Franke Property, is currently being evaluated as a possible nucleus for a second property cluster. The Company continues to evaluate other "in region" clustering opportunities which could reinforce its existing property portfolio.

Copies of NI 43-101 Technical Reports on the Franke Property and the Pelusa Property are posted on SEDAR and on the Company's web site.

CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved of disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Centenario Copper Corporation, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Centenario's expectations are the risks detailed herein and from time to time in the filings made by Centenario Copper Corporation with securities regulators.

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