CMM Reports Acquisition Of The Company's Shares

Century Mining Reports Acquisition Of The Company's Shares

BLAINE, WA, Dec. 4 /CNW/ - Century Mining Corporation (CMM: TSX-V) announced today that Karst Investments (the "Acquiror") has purchased 578,222 common shares of Century Mining Corporation (the "Company") in a private transaction at a price of C$0.015 per share. Subsequent to this transaction, the Acquiror purchased an additional 381,000 common shares of the Company on the Toronto Stock Exchange at a price of $0.02 per share. The purchased shares in these transactions represent approximately 0.57% of the outstanding common shares of the Company. Margaret Kent and Ross Burns have beneficial ownership of, and control and direction over, the Acquiror, which owned 2,162,192 common shares of the Company prior to today's purchase.

Today's purchase brings the combined holdings of the Acquiror to 3,121,414 common shares of the Company, representing approximately 1.85% of the outstanding common shares. The purchases were made for investment purposes and to provide the Acquiror with greater influence as shareholders of the Company. The Acquiror, Margaret Kent and/or Ross Burns or entities controlled by them may acquire more common shares of the Company, and they may in the future make further purchases or sales of common shares of the Company or take other actions with respect to the purchased shares as circumstances may warrant.

About Century Mining Corporation

Century Mining Corporation is a junior gold producer. The Company owns and is working towards the restart of the Lamaque mine in Québec 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.

"Margaret M. Kent"

Chairman, President & CEO