Centor Inc. announced that it completed a Joint Venture agreement with Kilomax Mining LTD ("Kilomax") to begin immediate Au pit mining operations within the Ofosua Concession in the Oda District of Eastern Ghana. Kilomax works closely with the Ministry of Lands and Natural Resources, The Minerals Commission and is fully registered with The Precious Minerals marketing Corporation ("PMMC"), which is the agency responsible for processing the sale of export of gold out of Ghana. ID.

No 297. Kilomax has secured the rights to several 25-acre alluvial mining concessions within gold-rich areas of Ghana. Small-scale mining accounts for about 562,000 ounces of gold annually in Ghana or about 18% of the total Ghana gold production.

The joint venture agreement with CNTO is divided into phases. The first phase will begin with an 80 ton per hour wash plant on two 25-acre concessions within the Ofusua Concession in Eastern portion of Ghana, Africa. This is a well established area in Ghana, with a history of consistent and predictable production.

Mr. Solomon Anum completed the first bulk sample pit, which indicated 0.8 grams per ton to 1.2 grams per ton Au production. This would yield an expected production of approximately 2 to 4 kilos per month utilizing the 80 ton /hour plant. Production is expected to increase to 4 to 8 kilos per month on these two concessions when Kilomax employs a larger plant with a capacity of 150 ton /hour wash rate.

Based on a 32.104 troy ounces per kilo and a spot price of $1,400 per ounce, this would yield approximately $96,000 to $192,000 per month, average gross production revenues. The Company expects to bring additional Phases on-line with Kilomax in the foreseeable future following the same model of two, 25-acre concessions in each phase, escalating annual revenues quickly into the millions.