Century Mining Files Full Lamaque Technical Report

    BLAINE, WA, Feb. 26 /CNW/ - Century Mining Corporation (CMM: TSX-V)
announced that it has submitted for filing on SEDAR the complete updated NI
43-101 compliant reserve and resource report and technical study authored by
Mr. Callum Mark, M.Sc., P.Geo. of Clearwater Resources Ltd., designated as the
Qualified Person for the Lamaque underground mine located in Val d'Or, Quebec.
    The updated NI 43-101 compliant reserves and resources for the Lamaque
Underground mine show proven and probable reserves of 1.13 million ounces of
gold. Additional measured and indicated resources total 624,000 ounces, with
inferred resources of 2.8 million ounces of gold. The updated report
incorporates current mine plans and operating scenarios for the ramp up of
production at the Lamaque operation.
    Century has succeeded in increasing production from the Lamaque
underground mine from 5,137 tonnes of ore in October 2007 to 7,783 tonnes in
January 2008. Century also secured an updated Certificate of Authorization
from the Quebec Ministry of Environment for the Lamaque underground mine,
which will allow the Company to achieve consistent expansion of mining
operations at Lamaque during 2008.
    Margaret Kent, President & CEO, commented: "We are very pleased to be
able to publish the updated Lamaque Technical Report in its entirety. This
report comes at a very exciting time in the gold cycle, and provides the
foundation not only for future mining operations and exploration at Lamaque,
but also for corporate activities including financing that will facilitate
further growth for Century. The Company intends to secure significant debt
financing based in part on the mineral inventory outlined in the Lamaque
Technical Report, whereby Century would be able to meet its capital needs
without excessive dilution of the Company's shares."

    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

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