Century Mining Announces Changes To Board Of Directors

    BLAINE, WA, Feb. 4 /CNW/ - Century Mining Corporation (CMM: TSX-V)
announces that Mr. Dale Parker has resigned from the Board of Directors
effective February 1, 2008. Mr. Parker requested that Century's Board accept
his resignation due to his recent appointment as Board Chair of Translink
(South Coast British Columbia Transit Authority).
    The Company also announced that Mr. Mark A. Lettes has been appointed to
the Company's Board of Directors to replace Mr. Parker. Mr. Lettes is a
seasoned international natural resources executive with nearly 20 years
industry experience. Mr. Lettes is currently a Financial Consultant. He
previously held senior management positions at Apex Silver Mines as the Senior
Vice President and CFO, and Amax Gold Inc. as Vice President of Trading and
Treasury Director. Mr. Lettes will concurrently serve as the Chairman of the
Audit Committee for Century, utilizing his extensive experience in corporate
finance and accounting. Mr. Lettes earned a Bachelor of Science in Marketing
at the University of Connecticut, and a Master of Business Administration
(Finance) from the Ohio State University. He has also completed additional
post-graduate work in economics at Trinity College and Fordham University.
    Margaret Kent, President & CEO, in expressing appreciation for Dale
Parker's service to Century, said: "The Board of Directors joins me in
thanking Dale for his invaluable contribution to the development and growth of
the Company over the past several years, and wish him continued success in his
future endeavors. We are very pleased to welcome Mark Lettes to our Board of
Directors. Mark's experience in the mining industry, combined with his
financial expertise, will be invaluable as we continue to grow Century into a
significant mid-tier gold producer."

    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

    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
    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

Organization Profile


More on this organization

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890