Centurion Minerals Ltd. reported that it has closed the previously announced transaction related to the Casa Berardi West Gold Property Option Agreement. The Option Agreement enables Centurion to acquire a 100% interest in the Project for cash consideration over 3 years totaling $114,000 ($20,000 in the first year) and the issuance of 600,000 common shares (400,000 upon Exchange approval and 200,000 one year following approval). The Company has also agreed to reimburse the Optionors for the out-of-pocket staking costs.

The Optionors will retain a 2% NSR but Centurion has the right to acquire 50% of the NSR for $1,000,000. The Project consists of 3 claim groups (Noseworthy, Newman and Hepburn) comprising approximately 5,100 hectares (Properties), strategically located northeast of Cochrane, Ontario, in the metal endowed central north Abitibi greenstone belt.