Centurion Minerals Reports on Annual General Meeting

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 2, 2012) - Centurion Minerals Ltd. (TSX VENTURE:CTN) ("Centurion", "the Company") wishes to update its shareholders on the results of its Annual General Meeting held on March 2, 2012 in Vancouver, BC. Shareholders voted in favour of all management resolutions proposed in the Management Proxy Circular as listed below:

1. The number of Directors for the Company was set at five;
2. The five members elected to the Board of Directors include: David G. Tafel, Alfred Lenarciak, Kenneth A. Cawkell, Joseph Del Campo, and Michael D. Vineberg;
3. BDO Canada LLP, Chartered Accountants, were re-appointed as auditors of the Company for the ensuing year; and the Company's Stock Option Plan was ratified.

A Board of Directors meeting was held subsequent to the Annual General Meeting whereby the following re-appointments were made: Alfred Lenarciak as Chairman, David Tafel as President & CEO, Thomas Mulja, as Chief Operating Officer, Adrian Rothwell as Chief Financial Officer and Kenneth Cawkell as Secretary. Management also made a presentation with respect to progress during the fiscal year, objectives for the coming year, and an update on exploration activities including the commencement of drilling on the priority targets on the Banda Raya property in Northern Aceh, Sumatra, Indonesia.

ABOUT CENTURION

Centurion Minerals Limited is a Canadian-based company focused on the exploration and development of gold 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 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.