Centurion Gold Finalises Sale of Glencairn Mining Company Pty Ltd.

JOHANNESBURG, South Africa -- Centurion Gold announced today that it has finalized the sale of Glencairn Mining company Pty Ltd far a total of $2,600,000.00. The purchase was finalized between Centurion and the current management of Glencairn Mining company who will continue with the operation. This is in line with Centurion's strategy to restructure its balance sheet. The agreement, only finalized in December, will be made effective as of 1st September 2006. Centurion is thus not involved in the strike action in progress by the National Union of Mine Workers (NUM) at the Glencairn Mine in Primrose.

Centurion Gold Holdings, Inc.

Centurion Gold Holdings (OTCBB:CGHI) is a resource development company that acquires, develops and mines or spins out natural resource assets. The Company's mineral assets generally have combined the potential for a near term revenue stream and existing low cost production operations with turnaround opportunities. Based in South Africa, the Company is ideally suited to exploit new legislation implemented by the South African government in May 2004. This legislation enforces a "use it or lose it" strategy, whereby all mining claims must be prospected within a designated time frame; otherwise, such prospects revert to the state, thereby creating ever-before-seen opportunities, particularly for smaller companies like Centurion. The Company has built a strong team of experienced management and operations mining professionals to exploit these opportunities and is positioning itself to become a major producer by continually implementing its "growth through acquisition" strategy. www.centuriongold.com.

Forward-Looking Statements 

Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as the term is defined in the Private Securities Litigation Reform Act of 1995. The company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release the Company will appropriately inform the public.