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Centurion Gold Receives Prospecting Rights for Platinum Project K and R/ DIAMANT and Final Competent Persons Report By World Renowned Geological Survey Company SRK Engineers

Posted on: Tuesday, 28 November 2006, 06:00 CST

Centurion Gold (OTCBB:CGHI) announced today that it has received the prospecting rights for its K and R/ DIAMANT Platinum project. Naboom Platinum purchased from ANGLO GOLD has also received its prospecting license and ANGLO GOLD paid as per the agreement between the two parties. World renowned Engineering Company SRK has finalized the report on both Naboom Platinum and K and R/ DIAMANT. The report indicates good potential for mining with a unique platinum mineralization in that it is "Native Platinum". The "Native Platinum" makes it a very pure grade platinum without impurities and therefore much simpler to refine and a cheaper process. The full report can be seen on the Centurion Gold web site under PLATINUM. Centurion is finalizing the first stage business plan of the report with full funding from LATRELL SA. On finalization of this funding further announcements will be made to the public.

Centurion Gold Holdings, Inc.

Centurion Gold Holdings (OTCBB:CGHI) is a resource development company that acquires, develops and mines or spins out natural resource assets. The Company's mineral assets generally have combined the potential for a near term 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 South African 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. www.centuriongold.com

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.

Source: Business Wire

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