New Corp Presentation (March) - observations

Here are some highlights:


1) pg. 18: ``average daily tonnage is expected to average 1200-1400 tpd for 2010``

This is a huge (positive) development in the Lamaque Mine plan. It is likely suggesting that mine development and exploration progress is solid thus far. This is perhaps the most positive mine plan adjustment in the history of Century. The previous mine plan called for Lamaque hitting 1,200 tpd by the end of 2010. Now, the Lamaque plan has Lamaque averaging 1200 - 1400 tpd for 2010. It likely means that they are now expecting Lamaque to reach 1200 tpd per day within the July to September timeframe instead of end of year - that represents a 4 to 6 month improvement (huge, especially in a US$1,100 gold price environment).


2) Pages 7 and 18 both now have the 2011 and 2012 Lamaque annual production forecast at 90,000 ounces - quite significant, as it means they are feeling comfortable with achieving the earlier number. This is up from 85,000 ounces. The 2013 forecast has increased by 1,000 to 105,000. Again, the increases are likely a reflection of good progress with development and exploration initiatives.


3) Pg. 18, they confirmed the mine plan locations:

``In 2010/11, Century will commence mining in three separate zones: Lamaque#2, BedardDyke, and the North Wall via ramp access from the existing pit``


4) Pg. 18, they confirmed the grade: ``head grade to the mill is expected to be 4.76 g/t Au``

This is positive also as it likely means that it can still average 4.76 g/t even after adding in the low grade bonus tonnes (currently excluded from reserves) and after ramping up to 1200 - 1400 tpd. It should mean a very good cash cost per oz, onced ramped up to this level of throughput.


5) Pg. 18: ``recoveries are expected to be 94-96% through the mill circuit``

Good gold recovery rate expected, and consistent with results from 70 years of mining at Lamaque.


6) Pg. 18: ``Lamaque#2 will be mined utilizing the room and pillar method, and the Bedard Dyke and North Wall zones will be mined via the long hole open stope method``

No major surprises with mining methods. From what I vaguely recall, the methods are consistent with info provided within the Jan`09 independent (bankable) DD report.


7) Pg. 16, 3600 - 6000 ft (on 1 half of the mine at those levels) still to be explored. You will notice the green plug going down. It is that plug that Teck Cominco (now Teck Resources) mined most of their 3.5M Lamaque ounces in the past. They were cost effective bulk mineable ounces also. That Lamaque plug is still open at depth (at 5 g/t). Century has some historical drilled data that suggests that 500,000 ounces still exist in the plug at the 3600 ft level. Century believes that there are strong indications the Lamaque plug goes well below the 3600 ft area. Furthermore, Century believes that this Lamaque Main Plug, plus at depth of the West Pulg, there is extremely strong possibility of adding 2,000,000 new (bulk mineable) ounces to our already existing 6,000,000 ounces. The 2,000,000 is just from the plugs. As you can see in the blue unexplored area, there is vast areas that could also provide substantial ounces (once the area gets dewatered and drilled).


8) The progress check box schedule is on page 17.