Century Mining receives full text of the reasons of the Superior Court of Lima nullifying the Sulliden arbitral award

    BLAINE, WA, Aug. 21 /CNW/ - Century Mining Corporation (CMM: TSX-V) today
announced that it has received the full text of the favorable decision from
the Superior Court of Lima on August 14, 2007 nullifying the 2006 arbitral
award (for more details, see Century Mining press release "Peruvian Court
Rules in Algamarca's Favor" of August 15, 2007). Copies of the original Court
documents and selected excerpts translated into English have been posted on
Century Mining's website at www.centurymining.com. A full certified English
translation will be available from Wednesday, August 22, 2007.
    As previously announced, the Superior Court of Lima ruled in Algamarca's
favor nullifying the 2006 arbitral award and declaring invalid the arbitral
agreement between Sulliden's Peruvian subsidiary and the Algamarca companies
because of the insufficiency of Mr. Miguel de Orbegoso Tudela's representative
powers to enter into that agreement. Algamarca has already petitioned the
Peruvian Court to enforce the 2004 injunction against Sulliden from entering
the Shahuindo property as a result of its August 14th decision.
    Margaret Kent, President & CEO of Century, commented, "We are delighted
with the latest legal developments in Peru which support our claim that
Century Mining's subsidiaries are the rightful owner of the Shahuindo
property. We are also aware that Sulliden has recently mobilized exploration
equipment to the Shahuindo property. We believe that this action by Sulliden
management is irresponsible given the recent court decision nullifying the
juridical basis for Sulliden's presence on the property. It appears likely
that any investment by Sulliden in Shahuindo only enhances the value of the
property for Century shareholders."

    "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

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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