Featured Profile...
Centurion Gold Holdings , CGHI(E)

• Experienced management team;
• Valuable mine assets;
• Revenues expected to grow to $5 million per year in the first two years of operation;
• Recoverable, proven and estimated gold reserves worth $856 million based on current price of the metal;
• Contract based workforce ensure low operating costs and higher margins;
• Commodity based product, hence, no marketing expenses; and
• Virtually no debt in the balance sheet.
• Very low number of shares outstanding and in the float

Andrew Dale Paul - chief executive officer

Arthur V. Johnson - chief financial officer

Keith Hart - chief operating officer

Bruce Williamson - director

Michael Saner - director

Dr. Wynand Goosen - director

Based in South Africa, the Company is ideally suited to exploit new legislation implemented by the 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.

Centurion implements its strategy of growth through acquisition by identifying and acquiring attractively priced proven ore-bearing properties. To date, Centurion has purchased four mines with estimated reserves valued at $1.15 billion: the Primrose Gold Mine, the Omaruru Gold Mine, the Sellies Gold Mine, and the Spruitfontein & Marikana Chrome Operation on which significant platinum deposits have been recently discovered. The Primrose Gold Mine opened in March 2004; quarterly revenues have increased 8 fold in the nine months since inception, and it is now producing approximately 25 kg of gold per month, up from approximately 1.0 kg when Centurion assumed control of the mine. Management is in the process of ramping up production to 33 kg of gold per month.

Centurion's business strategy is to capitalize on these opportunities, CGHI is acquiring gold-bearing properties, which are going onto the market - in many cases at bargain prices. The company moves quickly into production as it acquires capital, exerting maximum efficiency and discipline to maintain low cost-of-goods and high bottom line. It acquires one mine at a time in a roll-up, which it believes will result in its being acquired by a major gold mining firm.

Gold prices have been increasing significantly, following approximately two decades of decline. CGHI management expects gold prices to rise to about $600 an ounce in the next year. Therefore the Company expects it could be bought out in the next two-to-three years.

Centurion's operational strategy is focused on the fact that big gold mines have production policies and labor rules that make them inefficient when competing against smaller companies. For example, they typically shut down a plant if production dips to less than 50 kg/month. In contrast, Centurion's mines for the amount of gold it can extract per ton instead of volume of ore. Centurion can move quickly to higher-quality veins when the price of gold goes up, switching to lower-quality veins when gold price goes down.

The mineworkers union limits the big mining companies' use of contractors to 30% of their workforce. While Centurion may use only contractors, which gives it a terrific competitive advantage. Contractor's get paid based on the amount of gold mined, rather than volume of ore, keeping costs in line with revenue.

Centurion began operations in 2003, had no revenues and minimal expenses. The Company currently has four properties: the Omaruru Gold Mine, the Primrose Gold Mine, the Sellies Gold Mine, and a Spruitfontein and Marikana. The Primrose Gold Mine is the first property to come online and began contributing revenue in March 2004. The Company’s revenue has increased by approximately 8 fold over nine months due solely to contributions from the Primrose.

The Company expects revenue to increase dramatically over the next twelve months as existing properties ramp up production and come on line.

Operating expenses are well under control and running at approximately $150,000 per month. If the Company is successful in acquiring its target acquisitions revenues and profits should increase dramatically beyond the forecasts stated above.

SEC Filings

Centurion Gold Holdings, Inc.
Centurion Gold Holdings
12 Main Reef Road
Primrose, Johannesburg
South Africa

info@centuriongold.com.

Telephone: 011-27-11-873-5315
Fax: 011-27-11-507-6077

You may also contact Centurion Gold Holdings Investor Relations by calling: U.S.:

MCC Financial Services
Dilek Mir, 310-453-4667 x235
ir@mccglobal.com

U.K. and Europe:
MCC Financial Services
Carrie Howes, +44 (0) 20 7907 9850
ir@mccglobal.com