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Centurion Engages With Investec UK to List Escopeta Oil & Gas Leases on London's AIM Exchange

Posted on: Monday, 6 February 2006, 12:00 CST

Centurion Gold Holdings, Inc. (OTCBB:CGHI), a natural resource development company, announced today that it has finalized its Letter of Engagement with investment banking firm, Investec UK, to list its Escopeta Oil & Gas leases on the London AIM exchange.

The Newco "Escopeta Oil of Alaska" through the AIM listing will raise funds to engage the Jack Up Rig to drill the "East Kitchen structure."

Dale Paul, CEO and Chairman of Centurion Gold, commented, "We are delighted to be working with Investec. On completion of the AIM listing this will allow Centurion to carry out its obligation to Escopeta and drill what we believe to be a substantial oil and gas opportunity in the Cook Inlet Alaska."

About Investec:

Investec is an international, specialist banking group that provides a diverse range of financial products and services to a select client base. Founded as a leasing company in Johannesburg in 1974, it acquired a banking license in 1980 and was listed on the JSE Securities Exchange South Africa in 1986. In July 2002, the Company implemented a Dual Listed Companies structure with linked companies listed in London and Johannesburg. It is organized as a network comprising five business divisions: Private Client Activities, Treasury and Specialized Finance, Investment Banking, Asset Management and Property Activities. The head office provides group-wide integrating functions and is also responsible for central funding and the Trade Finance business. The Company has an efficient integrated international business platform, offering all core activities in South Africa and the UK and select activities in Australia, with approximately 4050 employees. www.investec.com

Centurion Gold Holdings, Inc.

Centurion Gold Holdings 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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