Centurion Gold Holdings Reports Value of Platinum Discovery Could Exceed $305 Million.

JOHANNESBURG, South Africa -- Ferret Mining, Well-Known Geology Company, Is Contracted to Quantify the Platinum Assets Found in Chrome Project Mine to a Proven Reserve

Centurion Gold Holdings, Inc., (OTCBB:CGHI.OB), announced today that its preliminary estimate of the value of the platinum reserves it has discovered in the Chrome Project mine in the Rustenberg District indicates that there could be 10 metric tons of platinum, which at current platinum prices of $865 an ounce, would exceed $305 million in value.

The company reported that it has hired Ferret Mining, a well-known geology company, to complete the study of the exact depth value and surface area of the platinum deposit. The initial results of its study should be completed in four to six weeks.

Dale Paul, chief executive officer of Centurion Gold Holdings, said, "This outstanding discovery is located very close to the surface, which means that it will require no capital expenditure for sub surface mining."

Paul explained that the company will be able to extract the platinum using inexpensive open cast mining. Moreover, contractors could be used to extract the platinum and deliver it to nearby processing plants.

"Drilling will start immediately, once contracts are signed," said Paul.

Centurion acquired the Chrome Project in December 2003, as part of its strategy to identify and acquire ore-bearing mining properties. Employing traditional valuation methods of ten percent of proven reserves, CGHI's fair value is approximately $75 million, or about $1.40 per share, without including the value of the chrome deposits or this most recent platinum discovery.

About Centurion Gold Holdings, Inc.:

Centurion Gold Holdings, located in Johannesburg, South Africa, 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 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.