Century Mining Corporation

Century Mining Corporation

November 29, 2006 16:22 ET

Century Mining Explains Recent Market Activity

BLAINE, WASHINGTON--(CCNMatthews - Nov. 29, 2006) - Century Mining Corporation (TSX VENTURE:CMM) announces today that there has been an unusually high volume of the Company's shares traded in the last 10 days. The daily average number of shares traded in this period is 386,792 shares, an increase of 35% from October's daily average of 285,923 shares.

In October, the Company issued the final tranche of 2,054,195 shares to the trustee in bankruptcy for fees and to approximately 90 unsecured trade creditors as part of the purchase price when the Company purchased the Sigma - Lamaque assets in September of 2004. The Company believes that a large number of these shares have been sold in the market since November 15, the date the unsecured creditors received their shares, to realize cash value.

The Company is not aware of any other developments that would explain the high trading volumes.

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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