CENTURY MINING RECEIVES UPDATED LAMAQUE UNDERGROUND PERMIT

Production ramp up at flagship mining operation on schedule

Blaine, WA: February 21, 2008 - Century Mining Corporation (CMM: TSX-V) announced that it has received an updated Certificate of Authorization from the Quebec Ministry of Environment for the Lamaque underground project to increase production from 400 tonnes of ore per day to 1,200 tonnes of ore per day.� This is a significant step toward achieving Century’s plans to increase production at the Lamaque underground mine, where the Company recently announced NI 43-101 compliant reserves in excess of 1 million ounces of gold.

The Lamaque underground mine contains the following mineral inventory:

For further details on Lamaque reserves and resources, see January 11, 2008 press release.

Production from the Lamaque underground mine has steadily increased from 5,137 tonnes of ore in October 2007 to 7,783 tonnes in January 2008.� Century currently forecasts average production from the Lamaque underground mine of 300 tonnes of ore per day in the first quarter of 2008.� The Company plans to increase production to approximately 450 tonnes per day in the second quarter, 700 tonnes per day in the third quarter and 1,200 tonnes per day in the fourth quarter of the year.� As part of the Company’s plan to fund Lamaque capital requirements, Century completed the sale of the semi-autogenous grinding mill (the “SAG mill”) on February 14.� The SAG mill became surplus equipment when Century completed the transition from open pit operations to underground mining during the second half of 2007.� Century will receive a total of $2.0 million from the sale of the SAG mill, of which $1.0 million was received at closing, with the remaining $1.0 million due upon removal of the SAG mill from the site.� Century will use the proceeds of the SAG mill sale for capital requirements at Lamaque, including the acquisition of crushing equipment that will enhance milling productivity and efficiency.

As previously announced, the Company has hired a crew of miners, geologists, and engineers for the Lamaque underground program and has procured necessary equipment and materials.� As the production ramp up continues, Century estimates that it will need to increase underground mining staff by an additional 37 persons during the first half of 2008, which will be achieved through an aggressive recruiting campaign that began in 2007.� Century does not anticipate any delays in the ramp up schedule due to personnel or equipment issues.

Margaret Kent, President & CEO, commented: "We are very excited about the progress we have made since completing the transition from open pit to underground mining.� At this point we are on schedule and within budget for the Lamaque production ramp up, and we are confident that Lamaque will achieve positive cash flow in 2008 and serve as the foundation for the Company’s future growth.”

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.