Centurion Gold Holdings Announces Plan to Maximize Shareholder Value.

JOHANNESBURG, South Africa -- Centurion Gold Holdings, Inc. (OTCBB:CGHI), the only South African junior gold mining company publicly listed in the U.S., announced its intention to pursue all avenues to maximize shareholder value.

Over the past two years Centurion has successfully executed its roll-up strategy of acquiring proven mineral assets; these assets consist of properties which are close to being revenue producing and existing low-cost production operations with turnaround opportunities. Currently, Centurion's portfolio consists of approximately $5.2 billion of mineral resources consisting of Gold, Platinum, Chrome, Tin, and other PGMs (Platinum, Palladium, Ruthenium, Rhodium, and Iridium).

Mineral                  Amount                Est. Value

Gold                     6.74 million oz       $2,860 million
Platinum and Platinum-
 Rich PGMs               2.62 million oz       $2,170 million
Chrome                   2.07 million tons     $  129 million
Tin                       5,000 tons           $   41 million

   Total                                       $5,200 million(a)

(a) Discounted Fundamental Value: $520 million. Based upon traditional
    industry fundamental valuation methods of 10% of total resources,
    Centurion's mineral resources would be valued at $520.43 million,
    or $3.83 per share.

Dale Paul, CEO, stated: "Centurion has amassed an impressive portfolio of mineral resources with a gross estimated value of $5.20 billion, or $38 per share, and Discounted Fundamental Value that would be equal to $3.83 per share. We believe that we have adequate financing in place and are now beginning to monetize these resources which we believe will ultimately be reflected in our revenue base and earnings. To date, we do not believe that these great strides have been reflected in our share price. Centurion's stock currently trades at a mere 5% of the Company's Discounted Fundamental Value. We have reached or exceeded all aspects of our business strategy to date and now have all the fundamental components in place. We feel that embarking on an aggressive plan to maximize shareholder value should be the current focus of Centurion and is in the best interests of our shareholders."

Centurion's Shareholder Maximization Plan calls for a market awareness component consisting of forging new relationships with brokerage firms and institutional investors globally, and increased efforts in public and investor relations, as well as opening discussions with possible suitors for the acquisition of all or part of the company's assets.

Paul stated: "In addition to our market awareness program, we have been approached in the past by parties interested in acquiring Centurion, or part of its assets, and will actively engage in discussions and entertain acquisition offers that we feel will maximize shareholder value."

About Centurion Gold Holdings, Inc.:

Centurion Gold Holdings is the only South African junior gold mining company publicly listed in the United States. The Company is executing a roll-up strategy acquiring proven mineral assets, "growth through acquisition"; these assets consist of near 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 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 never-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.

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.