CENTURY MINING REPORTS THIRD QUARTER FINANCIAL RESULTS

- Third quarter results confirm decision to accelerate shift in production to underground at the Sigma-Lamaque Complex -

Blaine, WA: November 30, 2007 - Century Mining Corporation (CMM: TSX-V) is pleased to announce its financial and operating results for the third quarter ended September 30, 2007.

(This news release contains forward looking information that is subject to risk factors and assumptions as set out in our Cautionary Statement on Forward-Looking information located at the end of this news release.)

Conference call

Management will host a conference call on Tuesday, December 4 at 11:00 a.m. Pacific time (2:00 p.m. Eastern time) to discuss 2007 third quarter results and future developments at its operations in Qu�bec and Peru.� Mining analysts, investors and the media are invited to phone 1-800-857-4849, or 1-210-839-8508 if outside Canada and the U.S.A., followed by the pass code 1280262 approximately 5 minutes before the start of management’s presentation. �The presentation will be followed by a question and answer period. �A replay of the conference call can be heard through Tuesday, December 11 by dialing 1-866-499-4575, or from outside North America 1-203-369-1809.

Summary of third quarter operating results

Revenue in the third quarter ended September 30, 2007, was $15.8 million, up 43% from $11.0 million in the same period a year ago.� Increased revenue was mainly due to favorable trends in the price of gold and additional production from Peru, which the company believes will continue for the foreseeable future.

In the third quarter, the Company recorded an operating profit from mining operations of $110,749, down from last year’s third quarter total of $4.3 million.� The Company recorded a net loss for the quarter of $3.8 million, or $0.03 per share.� This compares to net income of $1.7 million, or $0.01 per share, in the comparable period a year ago.�

The closure of operations at the Sigma open pit requires that all stripping and capital expenses incurred during the quarter be immediately expensed.� This is the largest contributing factor to the net loss in the third quarter of 2007, versus net income in the third quarter of 2006.� Other factors include operating profits of the San Juan operations; financing costs incurred in 2006 but not in 2007; and a small increase in corporate administration expenses, partially offset by higher depreciation, amortization and accretion expenses.

The Company is currently assessing the impact of the capitalized stripping on the balance sheet as it relates to the operating savings to the Lamaque underground mine.� The ability to access the underground from the lower levels of the open pit results in substantial cost savings to the underground operation and defers the rehabilitation of the Sigma shaft for more than two years.� The Company will assess if any or part of the deferred stripping will be written down at year end.

Subsequent to the third quarter, the Company completed its strategic shift to a full underground operation at the Lamaque Underground Mine.� Specific issues considered in the decision to close the open pit mine included deteriorating ore grades, difficulty predicting ore grades and higher mining costs, due in part to rising fuel prices.

The Company commenced work at the Lamaque underground mine in May of this year and is undertaking a substantial exploration and development program.� In the third quarter a total of $1.3 million was capitalized for construction of a major haulage drift from Lamaque into the open pit and for other capital items needed for the restart of the mine.

It is expected that the Lamaque operation will cash flow positive in the second quarter of 2008 and that ultimately the production from the underground mine will more than replace the lost Sigma production

Regarding third quarter operating costs, approximately $4 million of stripping costs for the Sigma open pit that would have been deferred have been included in general mine operating expenses, increasing the cost of production for Sigma to US$927 per ounce of gold.� The unusually high operating cost per ounce is a result of low ore grades from the open pit.� The table below summarizes operating results and financial position in the last five quarters.

The following table presents production results for the last five quarters.

* The operating costs in the third quarter for the Sigma open pit far exceeded the spot price of gold and a suitable operating plan could not be established to ensure profitability going forward.� As a result, approximately $4 million of stripping costs and other capital for the Sigma open pit that would have been deferred or capitalized have been included in general mine operating expenses, increasing the cost of production

The following table presents 2007 third quarter results by operation.

Century produced a total of 17,877 ounces of gold during the period at a combined cash cost of US$802 per ounce. �The Company sold 20,290 ounces of gold in the third quarter at an average selling price of $671 per ounce.

Cash costs at the Sigma Mine, as expressed in U.S. Dollars, increased significantly due to the recognition of approximately $4 million in stripping costs and recent strengthening of the Canadian Dollar against the U.S. Dollar.� The Company views third quarter cash costs as unusually high, and expects the overall cash cost per ounce of production company-wide to decrease significantly since there will be no future mining costs associated with open pit operations past November 4, 2007.

In the period under review, corporate administration expenses were $1,131,933 (2006 - $977,236).

In the third quarter of 2007, before net changes to non-cash working capital balances, cash outflows resulting from operating activities were $1,516,375 (2006 – $2,990,297).� After the net change to non-cash working capital balances, cash flows used in operating activities in the third quarter of 2007 were $6,262,752 (2006 – cash flows provided by operating activities of $3,451,526).� Accounts payable decreased from $10,544,655 at the end of 2006 to $7,723,608 at September 30, 2007, a decrease of $2,821,047.�

Major Subsequent Events

On November 28, 2007 Century announced a public offer for all of the outstanding shares of Sulliden Exploration Inc. on a share exchange basis, providing for the exchange of one Sulliden share for 0.72 of a common share of Century for each common share of Sulliden tendered pursuant to the offer.� Successful completion of the Sulliden acquisition will enable resolution of the litigation surrounding the Shahuindo property in Peru and will vest full control over the Shahuindo property in Century.� The offering circular is available on the Century web site at www.centurymining.com, or on SEDAR at www.sedar.com.�

Margaret Kent, President & CEO commenting on Century’s third quarter results and future prospects said: “The third quarter results were positive in Peru, and as expected declined at Sigma-Lamaque.� The results confirm management’s decision to focus the Company’s resources on underground operations at Lamaque.� The second half of 2007 is a pivotal time for Century, as the Company continues to implement strategies to enhance profitability and achieve growth.� During the quarter we began preparations to close the Sigma open pit, where operations ceased in early November.� More recently, we made a bid to acquire Sulliden Exploration to bring an end to ongoing litigation and begin developing a mine at Shahuindo.� These and other initiatives have had a negative impact on short-term results, but are necessary steps to achieve Century’s vision of becoming a formidable 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 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.

“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.

Century Mining Coroporation:  441 Peace Portal Drive / Blaine, WA 98230 / Phone: (360) 332-4653

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