Cenit Acquires Baseline Property

TSX.V
Symbol:  CNT
Shares Outstanding: 61,154,269

TORONTO, Nov. 14, 2011 /CNW/ - Cenit Corporation (TSXV:CNT) has entered into an arm's length agreements with Jacques Robert, Mike Tremblay and Delio Tortosa to acquire the Baseline Property; subject to regulatory approval and closing. Cenit will obtain a 100% interest in 4 claims covering 4.5 square kilometres in Kincaid Township adjacent to the Batchawana Copper Project by issuing 750,000 shares and assigning a Net Smelter Royalty of 1.25% to the Sellers.

The Batchawana Copper Project is located approximately 85 kilometres northwest of Sault Ste. Marie, Ontario. Cenit and its joint venture partner First Minerals Exploration Ltd. retain approximately 60 square kilometres of contiguous claims covering a large part of the prospective Mamainse Point Formation and the western portion of the Batchawana Greenstone Belt.

Cenit Corporation

Cenit Corporation is a Canadian-based exploration company focused on base metal exploration. The Company's primary objective is to explore highly prospective base metal projects, particularly copper, in order to meet the increasing global demand. The Company has two key exploration projects; the Coppercorp Project and the Rivière Doré Project in Quebec.

CAUTIONARY STATEMENT: Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements". These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates",  "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements. The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. Please see our public filings at www.sedar.com for further information.

SOURCE Cenit Corporation

For further information:

Cenit Corporation
Judy Baker
President & CEO
Tel: 416. 214. 9152
Email: info@cenitcorp.com
Web site: www.cenitcorp.com

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Cenit Corporation

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