BLAINE, WA, July 7 /CNW/ - Century Mining Corporation (CMM: TSX-V)

announced today that the Company's Chairperson and CEO Margaret Kent has

exercised all conversion rights and warrants associated with the C$200,000

convertible note announced on September 17, 2008. Ms. Kent has also elected to

convert all interest accrued on the note into shares of the Company.

Pursuant to the terms of the note, Ms. Kent converted the note into units

at $0.05. Each unit consisted of a common share and a common share purchase

warrant exercisable at $0.10. The conversion of the principal amount, warrants

and interest resulted in the issuance of 8,255,714 shares to Ms. Kent.

Ms. Kent now owns directly and indirectly 15,573,921 shares of the

Company, or 7.9% of the total 197,978,400 outstanding shares of Century.

About Century Mining Corporation

Century Mining Corporation is a junior gold producer. The Company owns

and is working towards the start up of the Lamaque mine in Québec that

historically has produced over 9.2 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. Total gold production for 2007

and 2008 was 63,124 and 14,252 ounces of gold, respectively.

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"Margaret M. Kent"

Chairman, President & CEO

The TSX Venture Exchange has not reviewed and does not accept

responsibility for the adequacy or accuracy of the contents of this press

release.

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Caution Concerning Forward-Looking Information

This press release contains forward looking statements within the meaning

of the United States Private Securities Litigation Reform Act of 1995 and

forward-looking information within the meaning of applicable Canadian

securities laws. We use words such as "may", "will", "should", "anticipate",

"plan", "expect", "believe", "estimate" and similar terminology to identify

forward-looking statements and forward-looking information. Such statements

and information are 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 statements and information

involve 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 information and accordingly, readers

should not place undue reliance on such statements and information. 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 commodity 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 included in this

Annual Report, in our Annual Information Form and in other filings made by us

with the Securities and Exchange Commission and with Canadian securities

regulatory authorities and available at