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Description of business:
The Company's principal activity is the exploration and development of base metal deposits in northern and central Europe. The Company announced earlier today that it had entered into a conditional agreement to acquire the entire issued share capital of FinnAust Mining plc. FinnAust Mining is an exploration company with extensive holdings in Finland covering six exploration projects in the Kainuu Schist Belt, three projects in the adjacent Outokumpu Belt and five projects covering several large intrusive complexes south and west of Outokumpu. Exploration to date has confirmed the wide spread occurrence of base metal sulphides in a range of different geological settings within the area covered by the FinnAust exploration rights. The focus of exploration is predominantly in central and southern Finland. To date, FinnAust Mining has identified over 50 exploration targets, which include several promising targets, in particular, in the old mining areas in Outokumpu, Hammaslahti and Enonkoski. The FinnAust exploration projects are generally at an early stage of exploration and broadly target four mineralisation types, specifically serpentine hosted Cu-Zn-Co of "Outokumpu-type", volcanogenic massive sulphide Cu-Zn mineralisation, mafic and ultra-mafic intrusive hosted Ni-Cu-Co mineralisation. Admission is sought as a result of a reverse takeover under Rule 14 of the AIM Rules for Companies.

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Centurion Resources plc ("Centurion" or the "Company") to be renamed FinnAust Mining plc ("FinnAust") on Admission.

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