CENTURY MINING ANNOUNCES CHANGES TO BOARD OF DIRECTORS
Blaine, WA: February 4, 2008 - 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 Qu�bec 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
For further information, please contact:
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
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.