Centurion Gold Holdings Doubles Its Assets with the Acquisition of Naboom Platinum.

JOHANNESBURG, South Africa -- Centurion Gold Holdings, Inc. (OTCBB:CGHI):

--Naboom Platinum Adds $2.07 Billion in Assets to Centurion Gold Holdings Existing Properties

--Naboom Platinum is Located in a Well Known High-Grade Platinum Zone and Was Formerly Held by AngloGold Ashanti Ltd., a Global Leader in Gold Mining

In a move that further expands its platinum-bearing properties, Centurion Gold Holdings, Inc. (OTCBB:CGHI), announced today that it has acquired 100% interest in Majormatic 167, in whose favour the right, title, and interest to a platinum deposit was ceded by AngloGold Ashanti Limited. In terms of South African law, 26% of the project needs to be held by an empowerment company and Centurion will receive full value for this.

Centurion, in implementing its strategy of growth through acquisition, and after completing its due diligence, has signed a definitive agreement with Majormatic 167 for the mineral assets of the Naboom Platinum property that were ceded by AngloGold Ashanti Limited.

The Naboom Platinum deposit is a shallow opencast deposit situated over 800 hectares (approx. 1800 acres), and is located uniquely within the Bushveld Igneous Complex as high-grade platinum veins within a fault zone. Previous development of the Naboom property has been well documented, indicating platinum resources of 2,400,000 oz. With current platinum prices at $861 per oz., the Naboom platinum resources are valued at $2.07 billion.

Dale Paul, CEO of Centurion Gold Holdings, commented: "This is one more step in our aggressive strategy of finding undervalued mines ripe for turnaround. The Naboom Platinum property is an asset from which we believe we can extract tremendous value."

Centurion's existing properties are valued at $1.44 billion and consist of proven gold reserves of 2.34 million oz., with an estimated value of $994.59 million, 1.41 million tons estimated chrome resource valued at $105.75 million, 5,000 tons proven tin reserves valued at $40.45 million, and 353,000 oz. estimated platinum resource valued at $303.93 million. Traditional valuation methods of 10% proven reserves value the Company's current holdings at $144 million, or $2.00 per share. Upon completion of the Naboom Platinum acquisition, Centurion will add resources of 2.4 million oz. platinum valued at $2.07 billion to the Company's assets; 10% valuation values the property at $206.64 million, more than doubling the value of the Company's assets.

About Centurion Gold Holdings, Inc.:

Centurion Gold Holdings, located in Johannesburg, started three years ago to identify and acquire promising ore-bearing properties. In addition to its current holdings of four properties -- the Primrose Gold Mine, the Omaruru Gold Mine, the Sellies Mine, and a chrome-bearing operation -- the company is positioning itself to become a major producer in this market by acquiring additional mineral-bearing properties and mineral rights.

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.