Centurion Minerals Ltd. announced that it has signed a memorandum of understanding agreement with Eternal Gold Mining Co. Ltd. to explore and develop the Ba Mauk gold project in Sagaing Division, central Myanmar. Under the terms of the MOU, Centurion will act as operator and oversee the exploration activities and assessment of the resource potential of the 22,000 acre Ba Mauk gold project. Ba Mauk is located in the northern tip of the north-trending, western volcano-plutonic belt that hosts the concentration of gold mines and prospects in Myanmar. Gold mineralization at Ba Mauk that occurs within massive pyrite-quartz tension vein arrays has to date been reported to occur within ten underground tunnels (adits). The adits range from 40 metres (m) to 140 m in depth and encompass an area approximately 1,000 m long by 300 m wide. Current exploration is reported to be expanding the northern and southern extensions of the mineralization.

Centurion Minerals Ltd. reported that its local Myanmar partner, Crown Mineral Co., has confirmed that two mining exploration concession applications and associated land packages have been accepted for processing by the Myanmar Mining Ministry. The mineral concessions were applied for on the basis of: Centurion Minerals-80%; Crown Mineral Co. Ltd.-20%. The two gold concessions fall within the major gold and associated mineral belts that span N-S central Myanmar. Hundreds of gold occurrences at varying stages of exploration have been noted along the belts, but very few have been explored systematically using modern methodology. Most of the occurrences are of epithermal and intrusion-related style of mineralization.

Centurion Minerals Ltd. announced unaudited consolidated earnings results for the year ended July 31, 2012. For the year, the company reported loss and comprehensive loss of CAD 7,299,834 or CAD 0.20 basic and diluted loss per ordinary share against CAD 3,686,461 or CAD 0.12 basic and diluted loss per ordinary share for the last year. Operating loss was CAD 2,540,701 against CAD 3,782,902 for the last year. Loss from mineral property operations was CAD 896,974 against CAD 1,278,539 for the last year. Net cash flows from operating activities were negative at CAD 1,627,918 against CAD 3,396,022 of prior year. Expenditures on exploration & evaluation assets were CAD 2,218,143 against CAD 3,750,185 of prior year.