November 05, 2026, Vancouver, BC – TheNewswire – Centenario Gold Corp. (CSE: CTG) ( ” Centenario ” or the “ Company ” ) is pleased to provide an exploration update on its Cabot Copper-Gold-Cobalt Project (the “Project”). Paul LeGrow (Senior Geologist & Project Manager) and Larry Pilgrim (QP & Geological Advisor) are overseeing the ongoing exploration program at the Project, located approximately 10 kilometres from the town of Baie Verte in Newfoundland and Labrador, Canada.
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Figure 1: Cabot Property mineral claims and nearby infrastructure map
2026 Work Program Update on the Cabot Property
2026 channel and soil assays: Approximately 350 channel samples from the trenching program along with approximately 580 infill soils across and between the Cabot and priority EM targets; results are expected to help define grade and continuity.
Detailed geophysics interpretation: Final review of historical EM and magnetic data and a detailed report expected to refine the model of Cabot (Plate 3) and the Magellan target (Plate 1) which sits approximately 1,000 meters to the north of the Cabot as well as the other 3 untested plates. This final report is expected shortly.
Trenching, access and target definition: An a dditional 1,000 meters of trenching has been completed along the open Cabot trend which expands this trend to now over 850 meters. We have also improved access toward Magellan and Columbus (Plate 1 2) to the north to prepare these high-priority targets for further trenching and sampling with follow-up drilling.
Initiate a first phase 1,500 meter drilling program: Planned holes to test the main Cabot VMS system at depth and evaluate priority geophysical targets; mobilization and drilling is expected to begin prior to month end depending on availability of equipment.
An additional 3,500-meter drill program to follow in early 2027: Proposed expanded drill program, subject to results and financing, to follow up initial drilling and incoming data and to test continuity and potential additional sulphide lenses in the untested 2,000 meters to the north of the Cabot.
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Cabot (Plate 3) – View to the Northeast looking to Plate 1 and 2
Cabot Project Highlights
Expanding VMS target. The 2026 trenching program has expanded the exposed Cabot trend beyond the historical work identifying the copper–cobalt-bearing VMS-style stringer sulphides to over 850 meters along strike, this includes local broad mineralized exposures that appears to branch and remains open in both directions
Substantial 2026 program delivered. Eight new trenches were excavated on the main Cabot zone (Plate 3) and have now expanded the zone to over 850 meters. A total of sixteen channel lines were cut across exposed mineralized outcrop in the trenches, with over 350 channel samples collected, with assays pending. Rock sampling, soil sampling, and a high-resolution LiDAR drone survey provide additional data for targeting the next phase drill program.
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Cabot (Plate 3) – View to the Southwest Looking to Plate 4 and 5
Historical grade indications. Selected historical grab samples returned copper grades up to approximately 7% Cu, the copper occurs as chalcopyrite and bornite within altered volcanic and sedimentary units, consistent with a significant hydrothermal system. Grab samples are selective and not representative of average grades. 1
VTEM modelling. and historical base-metal soil anomalies support five priority exploration targets; four have not been tested by drilling or trenching.
Geophysics and soils support additional targets. Fathom Geophysics previously modelled airborne VTEM plates; at Cabot, Plate 3 is aligned in strike with mineralized 3D wireframes derived from historical drilling. Four additional targets not yet trenched or drilled—Magellan, Columbus, Erickson and Cook—are supported by coincident copper-in-soil anomalies. Historical sampling by previous operators identified base-metal anomalies over each modelled EM plate. Centenario is collecting additional soils to refine target definition.
Magellan priority and other commodities. Magellan (Plate 1), approximately 1 km along strike from Cabot, features widespread sericite–pyrite alteration in felsic volcanics observed in the field. Road access is being constructed toward Magellan for trenching and potential follow-up drilling, making it the Company’s highest-priority drill target outside Cabot. The separate Marble Cove quartz-vein gold prospect has returned historical selective grab samples of up to 70.38 g/t Au; the property also contains a graphite zone and cobalt-bearing sulphides.
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Figure 2: Cabot mineral claims and modelled VTEM geophysical plates (Plates 1–5) on vertical total magnetic intensity (TMI)
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Figure 3: Cabot Property map depicting EM Plates, Cabot Wireframe Model, and Copper in soil geochemistry
Doug Fulcher, President and CEO,
“Crews have been working extremely hard on the Cabot project since June, and their work has expanded the exposed Cabot mineralized trend beyond 850 meters. We have more than 350 channel samples awaiting assays, historical drilling and the modelled Plate 3 conductor giving us a framework at Cabot, and several other soil-supported targets to test. Magellan is especially exciting because the geology, soil results and geophysics are pointing us toward the same target, and we are now advancing access to it. With assays, the final geophysical report and our initial drill program all ahead of us, we believe the coming months will be a defining period for Cabot.”
About the Cabot Project
The Project is located in an active VMS district with a long history of mine development, approximately 15 km from FireFly Metals Ltd.’s (ASX: FFM) Ming Deposit which hosts a reported Measured and Indicated Mineral Resource of 57.3 Mt grading 2.4% CuEq and an Inferred Mineral Resource of 17.9 Mt grading 2.8% CuEq (August 14, 2026). 2
The Cabot Project, covering approximately 20.75 square kilometers (2,075 hectares), is a copper-gold-cobalt-graphite exploration property hosting two distinct mineralized zones: a copper-cobalt-rich system known as the “Cabot Copper Zone” and a separate quartz-vein hosted gold system known as the “Marble Cove Gold Prospect”. The Project is strategically located in a top-tier mining jurisdiction with road access, power infrastructure, and proximity to producing mines.
Selected historical grab samples returned copper grades up to approximately 7% Cu; 2026 trenching has extended the exposed Cabot trend beyond 850 m. Grab samples are selective and not representative of average grades. 3
Copper occurs as chalcopyrite and bornite within altered volcanic and sedimentary units, consistent with a significant hydrothermal system.
VTEM modelling and historical base-metal soil anomalies support five priority exploration targets; four have not been tested by drilling or trenching.
The Project is located in an active VMS district with a long history of mine development, approximately 15 km from FireFly Metals Ltd.’s (ASX: FFM) Ming Copper-Gold Mine, which hosts a reported Measured and Indicated Mineral Resource of 57.3 Mt grading 2.4% CuEq and an Inferred Mineral Resource of 17.9 Mt grading 2.8% CuEq (August 14, 2026). 4
Marble Cove Gold Prospect Highlights:
A separate area of the project hosts gold mineralization, with historical selective grab sampling returning up to 70.38 g/t Au 5
Gold is associated with narrow, structurally controlled quartz-sulphide veins.
Situated in a favourable geological setting, approximately 4 km west and along strike of the mineralized trends of New Found Gold Corp.’s (TSX-V: NFG; NYSE American: NFGC) Point Rousse Gold Project. Point Rousse has historically produced nearly 200,000 oz of gold and hosts three major mineralized trends, each extending 3 to 8 km before terminating at the coast. Marble Cove lies directly west, across the bay from these known gold-bearing structures in similar favorable stratigraphy.
Figure 4: 2026 trenching at the Cabot Copper Zone (left) and copper-sulphide mineralization in outcrop (right)
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Figure 5: Channel sampling across exposed mineralization in a 2026 Cabot trench
Regional Industry Activity Near the Cabot Project
FireFly Metals / Ming mine: FireFly is undertaking engineering, permitting and early works toward an expanded Green Bay mine and new process plant. Its August 2026 study outlined a 1.8 Mt/year (~4,900 t/day) base case; full construction remains subject to approvals and an investment decision.
New Found Gold / Pine Cove: New Found Gold’s Hammerdown gold mine is in commercial production, with the Pine Cove mill operating and an upgrade/expansion being advanced. These investments strengthen the district’s mining services ecosystem.
VMS Model and District Context
Why the Ming Mine matters: The nearby Ming Mine copper–gold deposit demonstrates that the Baie Verte geological setting can host clusters of sizable, high-grade VMS mineralization. Cabot exhibits copper-bearing stringer sulphides, hydrothermal alteration and modelled conductors, making a VMS discovery model a logical exploration priority. Mineralization at the Ming Mine is not necessarily indicative of mineralization at Cabot.
Qualified Person:
Larry Pilgrim, P.Geo., is an independent Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical disclosure contained in this release.
Data Verification: The historical sampling and drilling results referenced in this release were obtained by previous operators and the vendors of the Property and have not been independently verified by the Qualified Person. Grab samples are selective by nature and are not necessarily representative of mineralization on the Property. Assay results from the 2026 channel sampling program are pending; details of sample preparation, analytical methods and QA/QC procedures will be provided when results are reported.
Reader Caution: The qualified person has not verified the information on the adjacent properties nor mineralization found on adjacent and/or geologically similar properties which are not necessarily indicative of mineralization found on the Property.
About Centenario Gold Corp.
Centenario Gold Corp. is a mineral exploration company incorporated in British Columbia and headquartered in Vancouver, Canada. The Company is focused on the acquisition, exploration, and development of high-potential mineral projects in the Americas, with a primary emphasis on gold, copper and silver.
The Company is committed to responsible exploration and development, working closely with local communities and stakeholders. Centenario’s management team brings extensive experience in mineral exploration, project development, and capital markets.
Centenario Gold Corp. is listed on the Canadian Stock Exchange (CSE:CTG) and continues to evaluate new opportunities to expand its portfolio in both Mexico and Canada and deliver value to shareholders.
Further information on Centenario Gold and its properties is available on the Company’s website at www.centenariogold.com . Or contact Doug Fulcher, President & CEO | Phone: 236-521-3362
On behalf of the Board of Directors,
Doug Fulcher
President, CEO, Director
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company’s future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.
Caution Regarding Forward-Looking Statements:
Certain information included in this press release, including information relating to future financial or operating performance and other statements that express the expectations of management or estimates of future performance constitute “forward-looking statements”. Forward-looking statements in this release include, without limitation, statements regarding the timing and receipt of assay results; the completion and results of the geophysical interpretation; the construction of access to the Magellan target; the timing, size and results of the planned 2026 drill program and the proposed 2027 drill program; and the Company’s exploration plans generally. Such forward-looking statements include, without limitation, statements regarding copper, gold and silver forecasts, the financial strength of the Company, estimates regarding timing of future development and production and statements concerning possible expansion opportunities for the Company. Where the Company expresses or implies an expectation or belief as to future events or results, such expectation or belief are based on assumptions made in good faith and believed to have a reasonable basis. Such assumptions may include, without limitation, the price of and anticipated costs of recovery of, copper concentrate, gold and silver, the presence of and continuity of such minerals at modeled grades and values, the capacities of various machinery and equipment, the availability of personnel, machinery and equipment at estimated prices, mineral recovery rates, and others. However, forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by such forward-looking statements. Such risks include, but are not limited to, interpretation and implications of drilling and geophysical results; estimates regarding timing of future capital expenditures and costs towards profitable commercial operations. Other factors that could cause actual results, developments or events to differ materially from those anticipated include, among others, increases/decreases in production; volatility in metals prices and demand; currency fluctuations; cash operating margins; cash operating cost per pound sold; costs per ton of ore; variances in ore grade or recovery rates from those assumed in mining plans; reserves and/or resources; the ability to successfully integrate acquired assets; operational risks inherent in mining or development activities and legislative factors relating to prices, taxes, royalties, land use, title and permits, importing and exporting of minerals and environmental protection. Accordingly, undue reliance should not be placed on forward-looking statements and the forward-looking statements contained in this press release are expressly qualified in their entirety by this cautionary statement. The forward-looking statements contained herein are made as at the date hereof and the Company does not undertake any obligation to update publicly or revise any such forward-looking statements or any forward-looking statements contained in any other documents whether as a result of new information, future events or otherwise, except as required under applicable security law.
1 Historic Grab Samples, taken by Ken Lewis (Vendor) in 2000 and Assayed at Eastern Analytical an accredited lab in Newfoundland and Labrador.
2 FFM NI 43-101 Technical Report and Preliminary Economic Assessment dated August 14, 2026.
3 Historic Grab Samples, taken by Ken Lewis (Vendor) in 2000 and Assayed at Eastern Analytical an accredited lab in Newfoundland and Labrador.
4 FFM Press Release Dated October 29 th , 2024.
5 Historic Grab Samples, taken by Dan Jacob (Vendor) in 2024 and Assayed at Eastern Analytical an accredited lab in Newfoundland and Labrador. Historic Grab Samples, taken by Ken Lewis (Vendor) in 2000 and Assayed at Eastern Analytical an accredited lab in Newfoundland and Labrador.
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