Century Mining Receives Updated Lamaque Underground Permit



    Production ramp up at flagship mining operation on schedule

    BLAINE, WA, Feb. 21 /CNW/ - Century Mining Corporation (CMM: TSX-V)
announced that it has received an updated Certificate of Authorization from
the Quebec Ministry of Environment for the Lamaque underground project to
increase production from 400 tonnes of ore per day to 1,200 tonnes of ore per
day. This is a significant step toward achieving Century's plans to increase
production at the Lamaque underground mine, where the Company recently
announced NI 43-101 compliant reserves in excess of 1 million ounces of gold.

    The Lamaque underground mine contains the following mineral inventory:

    
    -------------------------------------------------------------------------
    Mineral Inventory Summary              Tonnes       Grade     Gold ounces
                                                     grams/tonne
    -------------------------------------------------------------------------
    Proven and probable reserves         7,736,181         4.56    1,134,971
    -------------------------------------------------------------------------
    Measured and indicated resources     3,687,308         5.27      624,201
    -------------------------------------------------------------------------
    Inferred resources                  17,839,915         4.83    2,832,389
    -------------------------------------------------------------------------
    

    For further details on Lamaque reserves and resources, see January 11,
2008 press release.

    Production from the Lamaque underground mine has steadily increased from
5,137 tonnes of ore in October 2007 to 7,783 tonnes in January 2008. Century
currently forecasts average production from the Lamaque underground mine of
300 tonnes of ore per day in the first quarter of 2008. The Company plans to
increase production to approximately 450 tonnes per day in the second quarter,
700 tonnes per day in the third quarter and 1,200 tonnes per day in the fourth
quarter of the year. As part of the Company's plan to fund Lamaque capital
requirements, Century completed the sale of the semi-autogenous grinding mill
(the "SAG mill") on February 14. The SAG mill became surplus equipment when
Century completed the transition from open pit operations to underground
mining during the second half of 2007. Century will receive a total of
$2.0 million from the sale of the SAG mill, of which $1.0 million was received
at closing, with the remaining $1.0 million due upon removal of the SAG mill
from the site. Century will use the proceeds of the SAG mill sale for capital
requirements at Lamaque, including the acquisition of crushing equipment that
will enhance milling productivity and efficiency.
    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. As the production ramp up continues,
Century estimates that it will need to increase underground mining staff by an
additional 37 persons during the first half of 2008, which will be achieved
through an aggressive recruiting campaign that began in 2007. Century does not
anticipate any delays in the ramp up schedule due to personnel or equipment
issues.
    Margaret Kent, President & CEO, commented: "We are very excited about the
progress we have made since completing the transition from open pit to
underground mining. At this point we are on schedule and within budget for the
Lamaque production ramp up, and we are confident that Lamaque will achieve
positive cash flow in 2008 and serve as the foundation for the Company's
future growth."

    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 Lamaque mine in Québec that historically
has produced over 9.4 million ounces of gold. In Peru, Century's wholly-owned
subsidiaries own an 82.6% interest in the San Juan Mine where the Company
accounts for 100% of gold production. Century's subsidiaries also operate the
Rosario de Belen mine where it accounts for 100% of both gold and silver
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.

    On behalf of the Board of Directors,

    "Margaret M. Kent"

    Chairman, President & CEO

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the contents of this press
    release.

    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.
    While the Company believes that the expectations expressed by such
forward-looking statements and forward-looking information and the
assumptions, estimates, opinions and analysis underlying such expectations are
reasonable, there can be no assurance that they will prove to be correct. In
evaluating forward-looking statements and information, readers should
carefully consider the various factors which could cause actual results or
events to differ materially from those expressed or implied in the
forward-looking statements and forward-looking information.





For further information:

For further information: Brent Jones, Manager of Investor Relations,
E-mail: bjones@centurymining.com, Phone: (877) 284-6535 or (360) 332-4653,
Fax: (360) 332-4652, Website: www.centurymining.com

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CENTURY MINING CORPORATION

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