Centurion Gold Holdings Restructures Management Team; A. Dale Paul Is Named CEO; Arthur Johnson Becomes CFO.

JOHANNESBURG, South Africa -- Centurion Gold Holdings, Inc., (OTC BB: CGHI.OB), today announced that A. Dale Paul, vice president, has assumed the title and responsibility of chief executive officer, succeeding Arthur Johnson, who has assumed the responsibilities of chief financial officer.

As chief financial officer, Johnson succeeds Bruce Williamson, who continues as a member of Centurion Gold's board of directors.

As CEO, Paul will be responsible for executing Centurion Gold Holdings' business strategy of acquiring mine assets as well as overseeing all operations. Keith Hart continues as chief operating officer with oversight of the operations and profitability of the mining assets.

Paul said, "We are excited about the progress that Centurion Gold Holdings has made in the past twelve months. The Primrose Mine is now producing 3,000 tonnes of ore a month at an average of 5 grams of gold per tonne and is becoming profitable. The Sellies Mine has initiated production of gold concentrate and grades are being quantified. The Omaruru mine is awaiting its full mining license. The acquisition proposal for Mine Waste Solutions, an environmental remediation dump treatment company, specializing in rehabilitation projects, is in its final stage.

As CFO Arthur Johnson will be responsible for overseeing all financial transactions, corporate reporting, corporate governance and compliance with Securities and Exchange regulations. During his thirty years of experience in mining management, Johnson was chief executive officer of Babcock International, in Johannesburg, South Africa for ten years. He was also director at Skiet Mining, also located in Johannesburg. He is a member of the Centurion Gold Holdings board of directors.

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 Sallies 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.