Statement re Suspension

Centurion Resources plc

("Centurion Resources" or the "Company")

Statement re Suspension

The Board of Centurion Resources, the AIM listed natural resource company notes the recent share price movement and announces that it is in an advanced stage of discussions in relation to an acquisition which would constitute a reverse takeover under Rule 14 of the AIM Rules for Companies and will therefore be conditional, inter alia, upon the publication of an admission document by the Company and the approval of Centurion Resources' shareholders at a general meeting.

In accordance with the AIM Rules, trading in the Company's ordinary shares have been suspended with effect from 12.30 p.m. today pending publication of an admission document by the Company or an announcement that the proposed acquisition is no longer proceeding.

The proposed acquisition also remains conditional on the granting of a waiver of the obligation to make a general offer pursuant to Rule 9 of the City Code on Takeovers and Mergers.

Whilst the proposed acquisition is at an advanced stage, there can be no certainty that it will be concluded successfully.

A further announcement will be made in due course.

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