CENTURION GOLD HLDGS (CGHI.OB)

Centurion Gold Holdings, located in Johannesburg, South Africa, is in the business of identifying and acquiring promising ore-bearing properties. The Company acquired four properties: the Primrose Gold Mine; the Omaruru Gold Mine; the Sallies Mine and a chrome bearing operation. The Company is positioning itself to become a major producer in this market by acquiring mineral bearing properties and mineral rights.

For the nine months ended 31 December 2005, Centurion Gold Holdings, Inc.'s revenue decreased 12% to $1.6M. Net loss totaled $16.1M, up from $1.5M. Revenues reflect lower gold production due to lower and inconsistent grades coming out of the Waverly shaft. Higher loss reflects higher mining costs and expense, presence of impairment of mining assets expense and settlement of litigation expense.