Century Mining Corporation

Century Mining Corporation

November 10, 2006 12:34 ET

Century Mining Appoints Chief Financial Officer and a New Manager of Investor Relations

BLAINE, WASHINGTON--(CCNMatthews - Nov. 10, 2006) - Century Mining Corporation (TSX VENTURE:CMM) is pleased to announce the appointment of Ms. Diana Rollo as Chief Financial Officer and Mr. Brent Jones as Manager of Investor Relations.

Century Mining appoints Chief Financial Officer

Diana Rollo, BBA, CPA, has joined Century Mining as Chief Financial Officer. Ms Rollo has 8 years of experience in public accounting as audit manager for two major accounting firms; 12 years experience as chief accounting officer for a publicly-traded Canadian mining company; and over 9 years of experience as chief financial officer and vice president of finance in mid-market companies. Her experience includes financial analysis, budgeting, forecasting and modeling; mergers and acquisitions; as well as enterprise risk management system analysis, design and implementation. Ms Rollo also has experience in US and Canadian GAAP reporting and Sarbanes-Oxley compliance.

Century Mining appoints new Manager of Investor Relations

Brent Jones, BA, has joined the Company as Manager of Investor Relations. Mr. Jones has extensive experience in communications and investor relations for both private and publicly held companies. During his time at Panasonic, Mr. Jones spent over five years developing and implementing one of the top investor relations programs in Japan, while dramatically expanding foreign ownership through institutional investors in the United States, Europe and the Middle East. Mr. Jones is fluent in speaking, reading and writing Japanese.

Century Mining retains National Media Associates

Century is also pleased to announce that it has retained the Los Angeles area firm of National Media Associates ("NMA") to conduct media awareness and assist the Company in the dissemination of information to the investment community. Headed by Mr. George Duggan and Mr. Michael Baybak, NMA is a long-term media-relations specialist that assisted in the early stage media awareness for such companies as NovaGold Resources Inc., Gammon Lake Resources Inc., and other prominent companies in the natural resource and gold exploration sectors.

The Company will pay NMA a monthly fee of C$7,000 for a one-year term, and may renew the agreement by mutual consent. Pursuant to the agreement, Century Mining will also grant a total of 750,000 incentive stock options to Mr. George Duggan, good for a period of three years at the following prices: 150,000 share options exercisable at C$0.90 per share: 200,000 share options exercisable at C$1.25 per share; 200,000 share options exercisable at C$1.75 per share; and 200,000 share options exercisable at C$2.00 per share; subject to any required shareholder and regulatory approvals. Vesting of the incentive stock options shall be as follows: 25% on signing of the agreement; and 25% at each of three months, six months, and nine months following the date of the agreement.

Margaret Kent, President & CEO commented, "We are pleased to welcome Diana Rollo and Brent Jones to the Company. They fill two key positons and join Century at an exciting time in our growth as we continue to acquire gold producing assets and exploration properties in Peru to supplement our gold production in Quebec. Diana has a wealth of experience in public practice and mining and will make a significant contribution as we grow the Company. Her experience in US GAAP reporting and Sarbanes Oxley compliance will be indispensable as we seek a U.S. listing. Brent's experience will be invaluable as we broaden our investor base, both institutionally and geographically.

We have engaged National Media Associates to assist us with our media awareness and development of a large U.S. individual investor base. NMA will provide ongoing exposure of the Company to the media, journalists, analysts and investors who follow the gold mining sector. The firm works with a number of companies in the gold mining sector. We look forward to working with NMA to increase our profile in the North American investment community and enhance shareholder value."

About Century Mining Corporation

Century Mining 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 this year Century acquired control of the San Juan Mine where the Company accounts for 100% of gold production, and recently signed an agreement to acquire, initially, a 38% interest in the Poderosa Mine. This transaction is expected to close within the next two weeks. 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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