Thursday, March 25, 2010

San Juan Production Results

Century Reports Record Gold Production At San Juan Gold Mine In Peru
Century Mining Corporation ("Century" or the "Company") (TSX-V: CMM) is pleased to release its Fourth Quarter Production Report for the quarter ended December 31, 2009 for its San Juan Gold Mine in Peru. The Company is planning to release its 2009 audited financial and detailed operating results in April 2010.
"The Company is pleased to see continued operating success at the San Juan Gold Mine in Peru, and we extend our appreciation to the hard working team at the minesite and to our corporate office staff in Lima. Century Mining continues to consider the interest of employees' quality of life in Peru by continuing to provide electrical power, improving fresh water and sanitary services, replacing roofs and upgrading living quarters," commented Margaret M. Kent, President & CEO Century Mining.
Fourth quarter gold production, considering in-process inventory, was 4,744 ounces (versus 3,347 ounces in Q4 2008), bringing the total for 2009 to 17,036 ounces. This is a production record for the Company at San Juan and a 19.5% increase over 2008. Site development activities at the San Juan gold mine are focused on increasing the storage capacity at the tailings embankment by an additional 10 years, defining additional gold resources for future mine planning, and expanding the annual production by 50% by 2012. The Company is currently preparing modernized equipment to send to the San Juan Gold Mine from the Lamaque Gold Mine in the latter half of 2010. Century is also reviewing multiple exploration prospects within the large 220 square kilometer land package controlled by the Company for future exploration programs planned for late 2010 and early 2011.
Production Guidance
Production guidance for 2010 at the San Juan Gold Mine has been set at 18,000 - 20,000 ounces of gold at cash costs of US$550-US$570/oz, with a subsequent increase to approximately 24,000 ounces in 2011, and to 30,000 ounces in 2012.
About Century Mining Corporation
Century Mining Corporation is a Canadian junior gold producer and holds strategic land positions in Canada, United States and Peru. The Company's strategy is to grow to an intermediate gold producer through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities. In Peru, Century's wholly-owned subsidiaries own an 82.6% interest in the San Juan Gold Mine where the Company accounts for 100% of gold production. Total gold production at San Juan for 2007 and 2008 was 12,270 and 14,252 ounces of gold, respectively.
On behalf of Century Mining Corporation,

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