BLAINE, WASHINGTON--(Marketwire - Jan. 12, 2010) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) is pleased to announce the appointment of Fran Scola and William Lamarque to the Board of Directors. As part of the recent equity closing, announced on January 4, 2010, Ross Burns, Ricardo Campoy, Allen Ambrose have resigned from the Board. Mr. Burns has retired and Mr. Campoy will continue to act as an advisor to the Board, along with Mr. Keith Hulley, who has been newly appointed. The Board advisors will be actively involved with the Board of Directors.

"First of all I would like to acknowledge the valued contributions to the Company of our outgoing directors, Allen Ambrose and Ross Burns, who have provided substantial support and guidance to Century. The Company is also pleased that Mr. Campoy will remain as an advisor," Margaret Kent, President & CEO, stated, "I would like to welcome our new board members and advisor, and look forward to their involvement with Century's strategic planning going forward. Both Mr. Scola and Mr. Lamarque bring specialized experience to the board, including significant knowledge and experience in the capital markets, corporate finance and mergers and acquisitions. Mr. Hulley brings significant operational experience, and combined, the new appointments add valuable strength and depth to Century's board. We look forward to their contributions to the Company's growth strategy."

Mr. Scola was a partner, portfolio manager and consultant for the Shipston Group, which invests in venture capital natural resource projects, private equity, currencies, futures, bonds, equities and various investment funds. Previously, Mr. Scola was a partner and portfolio manager at Weintraub Capital Management and a partner, analyst, and portfolio manager at Touchstone Investments where he was responsible for generating position ideas and research for Touchstone's investment portfolio. Mr. Scola has also worked for Moore Capital Management, a New York-based hedge fund executing trades in the Asian region, mostly in bonds, currencies and futures. Mr. Scola is a partner at LFM Partners, a partnership with extensive investments in the natural resources sector. Mr. Scola holds both an M.A. in public policy with an emphasis on economic growth models and a M.B.A. focusing on finance from the University of Chicago.

Mr. Lamarque is a co-founder of Balor Capital Management, LLC. Mr. Lamarque's career has been in trading and banking. After being the General Manager of the China Division of Jardine Matheson & Company Ltd in Hong Kong, he became an Executive Member of the Board of Directors of N.M. Rothschild & Sons Ltd, in London, the principal banking entity of the international Rothschild financial services group. He subsequently became Managing Director of Rothschild Inc, in New York. Mr. Lamarque has specialist experience in the risk management of commodity positions and in commodity research and has advised an extensive client list of commodity producers on their major financial transactions and exposures, including their hedge books. He has been a member of the Comex and Chairman of the Public Affairs Committee of the London Bullion Market Association. Mr. Lamarque is on the board of three privately held and one publicly traded mining company, and President of Hanson Capital Asia Ltd.

Mr. Hulley is currently the interim CEO of Gabriel Resources Ltd. and has been a member of the Gabriel Board since 2006. Previously, Mr. Hulley served seven years successively as President, Chief Executive Officer and Executive Chairman of Apex Silver Mines before retiring in 2004. Mr. Hulley has more than 40 years experience in the mining business which includes, prior to joining Apex Silver, Board and senior executive experience at Western Mining Holdings Ltd. (Director of Operations) and USMX Inc. (President/CEO).

Lamaque Gold Project Update

The Company has commenced with the re-opening of the Lamaque site and expects to have the power restored to the facility by the third week of January, and the subsequent re-opening of the underground workings. The Company has started rehiring local employees and expects to commence underground development in February. An upgrade of the crushing facilities will commence immediately, with the new crushing circuit operational by the end of April, and gold production will commence shortly thereafter.

Upcoming Conference Call to Discuss Financing Details

Century is hosting a telephone conference call for investors and analysts on January 12th, 2010 at 10:30 AM, Pacific Time (1:30 PM, Eastern Time) to discuss the recently completed financing and its impact on the future of the Company. The Company will also discuss the pre-production development plan for the Lamaque Gold Mine and the corporate growth strategy for 2010. The Company will have a presentation on the Company's website (www.centurymining.com) prior to the conference call.

The conference call may be accessed by dialing toll-free 1-800-988-9507 in Canada and the United States, or 1-210-234-0085 from international locations (normal toll rates do apply) and state the verbal passcode "CenturyMining".

The conference call will be archived for later playback and may be accessed by dialing 1-866-492-3854 or 1-203-369-1745 and entering the pass code 01122010#, or via www.centurymining.com via a downloadable audio file. The archived playback will be available until February 2, 2010 11:59 PM, Pacific Time.

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.

On behalf of Century Mining Corporation,

Margaret M. Kent, President & CEO

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 www.sedar.com.

While the Company believes that the expectations expressed by such forward-looking statements and forward-looking information and the assumptions, estimates, opinions and analysis underlying such expectations are reasonable, there can be no assurance that they will prove to be correct. In evaluating forward-looking statements and information, readers should carefully consider the various factors which could cause actual results or events to differ materially from those expressed or implied in the forward-looking statements and forward-looking information.

FOR FURTHER INFORMATION PLEASE CONTACT:

Century Mining Corporation
Peter A. Ball
Director of Investor Relations
(360) 332-4653 or Toll Free: (877) 284-6535
(360) 332-4652 (FAX)
pball@centurymining.com
www.centurymining.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.