Centenario Gold Corp. Finalizes $310,500 Tranche of Private Placement

Vancouver, British Columbia — March 12, 2026 — Leads & Copy — Centenario Gold Corp. (TSXV: CTG) has finalized the second and final tranche of its $1,500,000 non‑brokered private placement, issuing 3,105,000 units at $0.10 per unit for gross proceeds of $310,500.

Each unit comprises one common share and one-half of a non-transferable share purchase warrant. A whole warrant allows the holder to buy an additional share at $0.15 for 24 months from the issuance date.

The Final Tranche follows the TSX Venture Exchange's approval of the Cabot Project option. Proceeds will support the Cabot Project option, detailed in prior news releases.

Directors and officers participated in the Final Tranche, constituting a related party transaction under Multilateral Instrument 61-101. Exemptions from formal valuation and minority shareholder approval were applied because the value of securities acquired and consideration paid by insiders did not exceed 25% of Centenario’s market capitalization.

The Final Tranche awaits final Exchange approval, with all securities subject to a statutory hold period of four months and one day from closing. No finder’s fees were paid.

Securities from the Final Tranche and the Offering have not been registered under the United States Securities Act of 1933 and may not be offered or sold in the United States without registration or an applicable exemption. The release does not constitute an offer to sell or a solicitation to buy securities.

Centenario also filed a NI 43‑101 compliant technical report on SEDAR+ for the Cabot Property, titled “NI 43‑101 Technical Report Cabot Property, Baie Verte Peninsula, Newfoundland and Labrador, Canada”, with an effective date of October 27, 2025. Dawn Evans‑Lamswood and Harrison Cookenboo, independent Qualified Persons, prepared the report.

Under an Option Agreement with PNL Ventures Limited, Centenario can acquire up to 100% of PNL’s interest in the Cabot Project by paying $300,000 ($15,000 already paid), issuing 3,000,000 shares, and incurring $1,650,000 in exploration expenditures. Details are available in the Company’s December 18, 2025, news release. No finder’s fees are payable for the Option transaction.

The Company granted 1,350,000 incentive stock options to directors, officers, employees, and consultants. Each option allows the holder to buy shares for five years at $0.30 per share, pending Exchange acceptance.

The Cabot Project features two mineralized zones across 48 square kilometres: the Cabot Copper Zone and the Marble Cove gold Prospect. It is located in a mining jurisdiction with road access and power infrastructure.

Cabot Copper Zone highlights include surface sampling up to 6.9% Cu, multiple kilometre-scale mineralized trends, copper as chalcopyrite and bornite, and five drill-ready targets. The project is near Firefly Metals Ltd.’s Ming Copper-Gold Mine.

Marble Cove Gold Prospect highlights include historic sampling up to 70.38 g/t Au, gold associated with structurally controlled veins, and a location 4 km west of Maritime Resources Corp.’s Point Rousse Gold Project.

Garth Graves, an independent Qualified Person, reviewed and approved the technical information. He has not independently verified the data. Information regarding adjacent properties (Firefly’s Ming Mine and Maritime Resources’ Point Rousse Project) is for geological context only and has not been verified.

Historical sampling results from the Cabot Copper Zone and Marble Cove Gold Prospect are relevant as an indication of mineralisation potential. However, a Qualified Person has not completed sufficient work to classify these results as current mineral resources or mineral reserves. Further exploration is required to verify these results.

Centenario Gold Corp., based in Vancouver, Canada, focuses on acquiring, exploring, and developing mineral projects in the Americas, emphasizing gold, copper, and silver. The Company is committed to responsible exploration and development and is listed on the TSX Venture Exchange.

“Doug Fulcher”
President, CEO, Director

For more information, please call:
Doug Fulcher 604-803-5901

Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Source: Centenario Gold Corp.