CENTAURUS METALS LIMITED — Capital/Financing Update 2011

Jan 17, 2011

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18 January 2011

Company Announcements Office ASX Limited 20 Bridge Street SYDNEY NSW 2000

Dear Sir/Madam

CENTAURUS METALS LIMITED (ASX CODE: CTM) OPTIONS EXPIRED

We wish to advise that 3,350,000 options expired on 31 December 2010. The total number of options remaining is 117,919,392. The options by ASX Code are as follows:

	ASX CodeCTMAI (options expiring 17/07/2014)CTMAK (options expiring 19/03/2012)CTMAM (options expiring 20/11/2012)CTMAO (options expiring 15/12/2013)CTMAQ (options expiring 29/08/2013)CTMAS (options expiring various dates)	Number8,150,000750,0001,500,0001,000,000200,000106,319,392

Yours faithfully

CENTAURUS METALS LIMITED

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Geoff James Company Secretary

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