Century Mining Corporation

Century Mining Corporation

May 16, 2011 09:00 ET

Century Engages Terre Partners as Investor Relations Consultants

TORONTO, ONTARIO--(Marketwire - May 16, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) announces that the Company has engaged Terre Partners to provide investor relations and advisory services.

Terre Partners provides strategic communication and advisory services to public companies. Under the terms of the agreement, Century will pay Terre Partners a monthly fee of $7,500 for strategic communication services. The initial agreement is for 12 months commencing immediately. Terre Partners currently has no interest, directly or indirectly, in Century or its securities.

Century has also agreed to grant 100,000 stock options (the "Stock Options") to Terre Partners to acquire up to an aggregate of 100,000 common shares of Century. The Stock Options will be exercisable at a price per common share equal to the closing price of Century's common shares on the TSX Venture Exchange the day immediately preceding the date of grant, and will expire two years from the date of issue. The Stock Options will be subject to the terms of the Company's stock option plan, and will vest in accordance with the provisions therein and the policies of the TSX Venture Exchange.

Terre Partners' appointment as an investor relations consultant of Century and the granting of the Stock Options remain subject to the approval of the TSX Venture Exchange.

About Terre Partners

Terre Partners is an investor relations and advisory firm focused on resource-based publicly-traded companies. Terre Partners' primary role is to assist clients in gaining exposure to the Canadian investment community and to increase investor awareness.

About Century Mining Corporation

Century Mining Corporation is a Canadian gold producer and holds strategic land positions in Canada, the United States and Peru. The Company's strategy is to grow to its gold production through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.

On behalf of Century Mining Corporation,

Daniel J. Major, President & CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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