Centenario closes non-brokered private placement

Centenario Announces the Closing of Non-Brokered Private Placement

(TheNewswire)

August 28, 2026, Vancouver, BC – TheNewswire – Centenario Gold Corp. (CSE: CTG) (“Centenario” or the “Company”) announces that further to it news release dated August 7, 2026 the Company has closed its non-brokered private placement of 15,000,000 units (each, a “Unit”) at a price of $0.10 per Unit for aggregate gross proceeds of $1,500,000 (the “Offering”).

Each unit consists of one common share and one half non-transferable common share purchase warrant (with each whole warrant, a “Warrant”), with each Warrant being exercisable to purchase one additional common share (each, a “Warrant Share”) at a price of $0.15 per Warrant Share for 24 months from the date of issuance.

The Company intends to use the net proceeds of the Offering for exploration and evaluation of both the Cabot project in Newfoundland and the Los Reyes project in Mexico as well as exploration on potential new resources projects and general and administrative expenses, which may include funds for marketing and investor relations.

The Company received a discretionary waiver from the Canadian Securities Exchange (the “CSE”) of the shareholder approval requirements set out in Section 4.6(2)(a)(i)(2) of CSE Policy 4, which would otherwise apply in connection with the level of dilution that may result from completion of the Offering. The waiver was granted subject to, among other things, the Company providing advance notice of the Offering to the market and confirming that no new insiders of the Company will be created as a result of completion of the Offering. The Company confirms that no new insiders will be created as a result of the Offering.

In addition to the applicable statutory hold period, securities issued pursuant to the Offering are subject to an Exchange Hold for a period of four months from the date of issuance in accordance with the policies of the CSE.

Equity Incentive Grants

The Company also announces that it has granted an aggregate of 2,925,000 incentive stock options (each, an “Option”) and an aggregate of 1,000,000 share units (each, an “