Century Mining Corporation

Century Mining Corporation

May 18, 2006 09:30 ET

Century Mining Updates Progress on Lamaque Underground; Phase I Exploration and Development Program

BLAINE, WASHINGTON--(CCNMatthews - May 18, 2006) - Century Mining Corporation (TSX VENTURE:CMM) announces that initial inspections of the main surface decline to gain access to the underground Lamaque workings have now reached the 1200 level in the Lamaque mine.

The company announced initial progress on the main decline inspection on May 10, 2006.

Conditions encountered in the decline between the 775 level and the 1200 level are consistent with those encountered and reported on previously. Ground conditions throughout the ramp have now been confirmed to be in good order, and reconditioning work has been scoped and is currently underway. The drainage level in the Lamaque Mine has been confirmed to be below the 1200 level with a final determination of the exact horizon still to be completed.

Margaret Kent, President & CEO, commented: "We are very pleased with the completion of the initial inspection of the Lamaque decline. This portion of the phase 1 exploration and development program has exceeded our expectations in terms of timing and we are very confident that the phase 1 budget will suffice to meet the needs of the project. This is an exciting period for Century and we are looking forward to the progression of the bulk sample planned in phase 2 of the underground Lamaque project."

About Century Mining Corporation

Founded in 2003, Century Mining Corporation owns the Sigma-Lamaque Complex in Quebec, where gold production of 90,000 ounces is forecast for 2006 at a cash cost of US$325 to US350 an ounce.

Margaret M. Kent, Chairman, President & CEO

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and as amended in Section 27E of the 1934 Act.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release.

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