Centor Inc. announced the acquisition of 100% interest in the Nobewan Gold Concession in Ghana West Africa from Bullnet Gold Resources Limited. The Nobewan Concession is 40.3 square kilometers located on the western flank of the Ashanti Gold Belt largely within the Kumasi Basin Sediments. The Ashanti Gold belt is the oldest and most proven of all Ghana gold belts.

The area was and continues to be the focus for gold exploitation in Ghana. The Ashanti Belt now has an aggregated gold endowment (past production + resources and reserves) in excess of 125,000,000 ounces of gold. The Nobewan Concession appears to share many geo-tectonic similarities and is in close proximity to proven gold reserves of some of the major companies in the area including: Anglo Gold Ashanti, Newmont and Chirano.

This region is undoubtedly one of the richest gold resources in Ghana and one of the world's premier gold belts. With the acquisition the Company obtained testing already completed by Newmont on the Concession including soil geochemistry, VLF, electromagnetics and geological mapping that indicated many encouraging results, including well-defined magnetic banding and high anomalies at the north-eastern and southwestern portion of the concessions that warrant further testing. The Company is planning to initiate an immediate testing program to further refine identified target areas including a 1.8km strike zone observed in the central portion of the concession.