Century Mining Responds To Sulliden Press Release

    - Company disappointed with Sulliden's failure to make recommendation -

    BLAINE, WA, Jan. 16 /CNW/ - Century Mining Corporation (CMM: TSX-V) today
responded to the January 15 press release issued by Sulliden Exploration Inc.
    Century's management reiterated its extreme disappointment that
Sulliden's Board of Directors remains unable to make a recommendation to its
shareholders, despite having Century's detailed offer since early December of
last year (for details about the takeover bid, see November 28, 2007 Century
press release).
    Century also expressed concern that Sulliden's hiring of an investigative
accountant near the end of Century's takeover bid, which expires on
January 30, is another tactic to delay the normal process of such offers.
    Furthermore, Century noted that it promptly and completely responded to
all allegations raised by Sulliden in its complaints to the Ontario Securities
Commission (OSC) and the Authorité des Marchés Financiers of Quebec (AMF). The
complaints made by Sulliden are without merit, and Century is confident that
it will be completely vindicated.
    Margaret M. Kent, President and C.E.O. of Century Mining commented, "We
were once again surprised and disappointed by Sulliden's refusal to give our
offer due consideration and provide their shareholders with a timely
recommendation. We maintain that Century has provided all relevant information
about the offer to Sulliden, and has complied with all applicable securities
laws prior to and since making the official bid in early December."
    Note: Details of Century's takeover bid for Sulliden may be viewed on the
SEDAR website at www.sedar.com

    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 wholly-owned
subsidiaries own an 82.6% interest in the San Juan Mine where the Company
accounts for 100% of gold production. Century subsidiaries have also recently
acquired Rosario de Belen 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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