CENTURY MINING WELCOMES NEW CHIEF FINANCIAL OFFICER
Century Mining Corporation (“Century” –
TSX-V:CMM – August 2, 2007) announced today that Michael R. Malewicz has accepted
the position of Chief Financial Officer for Century Mining.
Mr. Malewicz, BS (Business Administration), MBA (Finance),
has 20 years of professional experience in accounting and finance at mid- to
large-market companies including Qualcomm, Inc., Industrial Bank of Japan and
Swedish Health Services.� Since 1997, Mr. Malewicz has lead or participated in
53 debt and equity financings totaling approximately US$8 billion in value.� He
has also held senior management positions with responsibilities that include
treasury management, design and implementation of investment policies,
investment portfolio optimization, capital financing, financial modeling and
Sarbanes-Oxley compliance.
Margaret Kent, President & CEO, commented: "We are pleased
to welcome Mr. Malewicz at this exciting time in the Company’s
development.� Mr. Malewicz’s specific skills are particularly relevant as
we move forward in our negotiations of a significant debt facility that will
enable the company to achieve its near-term goals and further enhance
shareholder value.” �
Regards,
Sara Swisher
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 Sigma and Lamaque mines in Qu�bec
that historically have produced over 9.4 million ounces of gold. In Peru,
Century owns an 82.6% interest in the San Juan Mine where the Company accounts
for 100% of gold production. The Company has 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.
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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