Centenario Gold Corp. announced a non-brokered private placement financing to issue 20,000,000 units at an issue price of CAD 0.05 per unit for the gross proceeds of CAD 1,000,000 on May 21, 2024. Each Unit will be comprised of one common share and one common share purchase warrant.

Each Warrant will entitle the holder to acquire one common share at a price of CAD 0.10 per Common Share for a period of 24 months following the closing date of the Offering. All securities issued pursuant to the Private Placement will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation in Canada. Completion of the Private Placement is subject to TSX Venture Exchange acceptance.

The Company may pay finders' fees and finders' warrants to eligible finders. The transaction is expected to close on May 31, 2024.