Century Mining Corporation

Century Mining Corporation

March 31, 2006 16:38 ET

Century Mining Clarifies Reserve Estimate at San Juan Gold Mines

BLAINE, WASHINGTON--(CCNMatthews - March 31, 2006) - Pursuant to a press release dated March 30, 2006, Century Mining Corporation (TSX VENTURE:CMM) wishes to clarify reference to an ore reserve estimate at the San Juan Gold Mine that the Company quoted verbatim from a technical report prepared by a consulting firm on behalf of San Juan Gold Mines S.A.A. and dated November 8, 2002.

The Company referred to underground ore reserves of 6,525,478 tonnes at an average grade of 8.34 g/t gold containing 1,531,119 ounces of gold quoted in the report as an "historical estimate that is not compliant with NI 43-101 standards of disclosure". Because the technical report was dated November 8, 2002 the Company previously referred to the reserves as historical, which only applies to reserve and resource estimates dated pre-February 1, 2001, the effective adoption date for NI 43-101 Standards of Disclosure for Mineral Projects, therefore the report was non-compliant and the reserves should not have been disclosed. The Company hereby retracts any reference to that reserve and the calculations of plant expansion based on that reserve.

San Juan Gold Mines, in a company report dated December 31, 2000, which was verified by an independent consultant, stated an estimated resource of 4.4 million tonnes at a grade of 8.68 g/t gold containing 1.23 million ounces, which qualifies as an historical resource estimate according to NI 43-101 standards of disclosure. These resources have not been verified by an NI 43-101 Qualified Person and should not be relied on.

As mentioned in the previous press release, the Company will update the resource to NI 43-101 compliant standards of disclosure after the asset acquisition has closed.

The Company referred to San Juan Gold Mines reporting a potential tonnage of 185 million tonnes with gold grades in the range of 1.5 to 3.0 g/t gold at the Golden Champune prospect. This deposit is an exploration target with no assurance of a resource estimate in the future. For the same reasons as mentioned above, the Company previously referred to this as an historical estimate that is not compliant with NI 43-101 standards of disclosure.

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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