Century Mining Corporation

Century Mining Corporation

April 19, 2007 11:44 ET

Century Mining Receives Lamaque Underground Permit

Company announces mining operations to begin immediately

BLAINE, WASHINGTON--(CCNMatthews - April 19, 2007) - Century Mining Corporation (TSX VENTURE:CMM) announced that it has received an updated Certificate of Authorization from the Quebec Ministry of Environment for the Lamaque underground project, and will begin mining operations immediately. The Company has also satisfied the requirements of the Quebec CSST (Quebec Health and Safety Regulatory Authority).

With the receipt of this permit, the Company will begin mining and transporting up to 400 tonnes of ore per day to the Sigma mill. Furthermore, the permit allows the construction of a haulage drift from the Lamaque underground into the Sigma pit at approximately 250 feet from the surface. This will facilitate efficient transport of ore from the upper levels of the Lamaque mine and allow the ore to be stockpiled in the Sigma pit where it will be picked up by larger trucks and hauled to the mill.

As previously announced, the Company has hired a crew of miners, geologists, and engineers for the Lamaque underground program and has procured necessary equipment and materials to begin the program.

Since late 2006, Century has drilled, sampled and defined underground resources and ore blocks, including an extensive sampling program of the available structures. As a result, an initial 11,000 tonnes of ore grading over 15 g/t has been identified, sampled and blocked out for mining at the Lamaque underground. These ore blocks, which are expected to contain over 7,500 ounces of gold, will be the initial targets for extraction.

Rehabilitation work associated with the main accesses and secondary means of egress have been completed and ground conditions encountered continue to be very favorable. The gold-bearing veins encountered to date underground are narrow vein flat laying structures, typically ranging in width from several inches to 2-3 feet, with significant assayed gold values returned from many samples and the presence of visible free gold occurring in a number of veins.

The Sigma-Lamaque underground has NI 43-101 compliant resources as follows: Measured 772,000 tonnes at a grade of 5.4 g/t Au, Indicated 3,151,000 tonnes at a grade of 4.91 g/t Au for a total contained 630,000 ounces of gold in Measured and Indicated. In addition a further 10,101,000 tonnes is carried in the inferred category at a grade of 5.21 g/t Au containing 1.7 million ounces of gold. (Ref. CAM report, Sigma Lamaque Complex, November 29, 2005 which is available on www.sedar.com).

Century's results herein described have been prepared under the guidance of Mr. Ross F. Burns, P.Geo., LG, Vice President of Exploration, who is designated as a Qualified Person with the ability and authority to verify the authenticity and validity of the data.

Margaret Kent, President & CEO, commented: "We are very excited to be able to begin mining underground at Lamaque. This project represents another step forward in Century's strategy to establish itself as a formidable mid-tier gold producer. To this point in Century's development, the Sigma Lamaque Complex has been instrumental, providing six consecutive quarters of positive cash flow and contributing to an annual net profit for the Company in 2006. With the opening of the Lamaque underground, we look forward to even more positive operational and financial results, through which we may continue to grow the Company."

Conference call

Management will host a conference call on Friday, April 20 at 11:00 a.m. Pacific time (2:00 p.m. Eastern time) to discuss 2006 results and future developments at its operations in Quebec and Peru. Mining analysts, investors and the media are invited to phone 1-888-809-8974, or 1-210-234-0008 if outside Canada and the U.S.A., followed by the pass code 18290 approximately 5 minutes before the start of management's presentation. The presentation will be followed by a question and answer period.

A replay of the conference call can be heard through Friday, April 27 by dialing 1-888-562-2923, or from outside North America 1-203-369-3750.

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 & CEO

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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