Centurion Minerals Ltd.

Centurion Minerals Ltd.

October 08, 2010 12:15 ET

Centurion Minerals Appoints Mr. Fred Tumbuan to Its Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2010) - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", or "the Company") is pleased to announce the appointment of Mr. Fred B. G. Tumbuan to its Board of Directors.

Mr. Tumbuan resides in Indonesia and is the Senior Managing Partner of Jakarta-based legal firm Tumbuan Pane, (included in the Legal 500 worldwide) and specializes in banking, corporate restructuring, and capital market transactions. He has written and lectured on various aspects of contract, commercial and securities law, and was instrumental in the development of the Indonesian natural resource laws. In addition to being an arbitrator of BANI (Indonesian National Board of Arbitration), he is also an arbitrator with the Singapore International Arbitration Center and the Hague International Court of Justice. He has acted as expert witness on aspects of Indonesian law and their effects on disputes involving Indonesian contracts.

He is currently a lecturer in corporate law at the legal studies post-graduate program of the Faculty of Law, Universitas Indonesia in Jakarta. He studied philosophy at the Pontifical Athenaeum, India: theology at the Jesuit Theological College, Australia: and law at Universitas, Jakarta.

"We are very fortunate and extremely pleased to have Fred join our Board," stated Centurion Minerals Chairman Alfred Lenarciak. "His advisory expertise regarding intricate aspects of corporate and mining law, plus his vast network of local professional relationships will be invaluable to the Company."


Centurion has granted to certain consultants, and a director incentive stock options to purchase up to an aggregate of 300,000 common shares exercisable on or before October 8, 2015 at a price of $1.78 per share.


Centurion Minerals Limited is a Canadian-based company focused on the procurement, exploration and development of gold projects in Aceh province, Northern Sumatra, 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.

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.

Contact Information