CENTURY MINING APPOINTS NEW GENERAL
MANAGER AT LAMAQUE COMPLEX
Blaine, WA: November 7, 2007 - Century Mining Corporation
(CMM: TSX-V) pleased to announce that Pascal Hamelin has joined
Century as General Manager at its Lamaque Mine in Val d’Or, Qu�bec. Mr.
Hamelin will take responsibility for all surface and underground operations
effective immediately. Mr. Hamelin was most recently employed at Inco’s
Stobie Underground Mine, which produces at a rate of 3,000 tonnes of Cu/Ni ore
per day. He has extensive experience in operations and administrative
management, project management and safety at underground mining operations. Mr.
Hamelin’s relevant earlier experience includes positions of Chief mine
Engineer, Engineering Supervisor and Underground Supervisor, all with Inco in Sudbury Ontario.
Currently, the Lamaque underground complex has NI 43-101 compliant
resources as follows:
Underground Resources
|
Category
|
Tonnes
|
Grade
(g/t Au)
|
Contained Oz
of Gold
|
Measured
|
772,000
|
5.36
|
133,000
|
Indicated
|
3,151,000
|
4.91
|
497,000
|
Inferred
|
10,101,000
|
5.26
|
1,708,000
|
Total Measured + Indicated
|
3,923,000
|
4.99
|
630,000
|
Total Inferred
|
10,101,000
|
5.26
|
1,708,000
|
(Ref. CAM report,
Sigma Lamaque Complex, November 29, 2005 which is available on www.sedar.com).
Century’s results herein described have been prepared under the
guidance of Mr. Ross F. Burns, P.Geo., LG, Vice
President of Exploration, who is designated as a Qualified Person with the
ability and authority to verify the authenticity and validity of the data.
Century is currently in the process of completing an updated NI 43-101
compliant technical report for the Lamaque underground that will upgrade
measured and indicated resources to reserve status. In addition to this,
the Company intends to convert a substantial portion of the current open pit
reserves to underground reserves and resources.
Margaret Kent, President and CEO said: “We are pleased to welcome
Pascal to our senior management team at Lamaque. Pascal’s experience is
well suited to the challenges of expanding production at our Lamaque
underground operation in Quebec,
which has been in production since April 2007. This represents a major
step forward in Century’s strategic shift in focus to underground
operations at the Lamaque complex, where we expect to increase production to
1,800 tonnes of ore per day by the first quarter of 2009.”
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 Lamaque mine in Qu�bec that historically has
produced over 9.5 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 and C.E.O.
For further information, please contact:
Brent Jones
Manager, Investor Relations
E-mail: bjones@centurymining.com
Phone: (360) 332-4653
Fax: (360) 332-4652
Web site: 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 statements
within the meaning of the United States Private Securities Litigation Reform
Act of 1995 and forward-looking information within the meaning of applicable
Canadian securities laws. We use words such as “may”,
“will”, “should”, “anticipate”,
“plan”, “expect”, “believe”,
“estimate” and similar terminology to identify forward-looking
statements and forward-looking information. Such statements and
information are 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 statements and information
involve 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 information and accordingly, readers should not
place undue reliance on such statements and information. 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 commodity 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 included in
this Annual Report , in our Annual Information Form and in other filings made
by us with the Securities and Exchange Commission and 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.
Century Mining Corporation: 441 Peace Portal
Drive / Blaine, WA
98230 / Phone: (360)
332-4653