Century Mining Corporation

Century Mining Corporation

March 22, 2007 16:17 ET

Century Mining Announces Changes to Board of Directors

BLAINE, WASHINGTON--(CCNMatthews - March 22, 2007) - Century Mining Corporation (TSX VENTURE:CMM) is pleased to announce that Ricardo M. Campoy has been appointed to the Company's Board of Directors. Ricardo Campoy is a seasoned international natural resources banker with diverse industry experience as a mining engineer and as a financial advisor. His 27-year career in natural resource finance has included merchant, commercial and investment banking. Mr. Campoy has many accomplishments in the natural resource industry sector and has been involved in project finance, including debt and equity private placements, and mergers and acquisitions. He is currently in private practice in New York City as a financial and corporate advisor to the resource industry and other sector groups. He most recently headed the Mining and Metals Group of WestLB AG in New York. His career has primarily been in New York, London and Chicago. Mr. Campoy is also a director of Kilgore Minerals Ltd. and Idaho General Mines, Inc. Mr. Campoy earned a Bachelor of Science in Mining Engineering at the Colorado School of Mines and a Master of International Management (Finance) from the American Graduate School of International Management. He is fluent in Spanish.

Mr. Campoy replaces Pierre Desjardins who has resigned from the Company's Board of Directors.

Margaret Kent, President and CEO, commented, "We are very pleased to welcome Ricardo Campoy to our Board of Directors. Ricardo has a wealth of mining and financial experience that he gained in investment and corporate banking, which will be invaluable as we build Century into a significant mid-tier gold producer. He has spent a significant part of his career on South American projects where his knowledge and experience will assist the Company as we expand our operations in Peru. Ricardo has recently advised Century on a number of merger and acquisition studies that the Company has undertaken. I would like to thank Pierre Desjardins for his significant contribution to corporate governance and other matters over the last two years during the early development of the Company."

About Century Mining Corporation

Century Mining Corporation is an emerging mid-tier gold producer that is aggressively acquiring producing mines and exploration properties in Peru. The Company owns and produces gold at the Sigma and Lamaque mines in Quebec that historically have produced over 9.4 million ounces of gold. In Peru, Century owns an 82.6% interest in the San Juan Mine where the Company accounts for 100% of gold production. Century's growth strategy is to acquire gold producing assets in South America that will substantially reduce the Company's consolidated total cash cost of production and where there is exceptional exploration potential to expand production at these mines.

Margaret M. Kent, Chairman, President & C.E.O.

Caution Concerning Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws. We use words such as "may", "will", "should", "anticipate", "plan", "expect", "believe", "estimate" and similar terminology to identify forward-looking information. It is based on assumptions, estimates, opinions and analysis made by management in light of its experience, current conditions and its expectations of future developments as well as other factors which it believes to be reasonable and relevant. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause our actual results to differ materially from those expressed or implied in the forward-looking statements and accordingly, readers should not place undue reliance on those statements. Risks and uncertainties that may cause actual results to vary include but are not limited to the speculative nature of mineral exploration and development, including the uncertainty of reserve and resource estimates; operational and technical difficulties; the availability to the Company of suitable financing alternatives; fluctuations in gold and other resource prices; changes to and compliance with applicable laws and regulations, including environmental laws and obtaining requisite permits; political, economic and other risks arising from our South American activities; fluctuations in foreign exchange rates; as well as other risks and uncertainties which are more fully described in our annual and quarterly Management's Discussion and Analysis and in other filings made by us with Canadian securities regulatory authorities and available at www.sedar.com.

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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