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Century Mining Corporation

TSX VENTURE: CMM
May 05, 2010 09:56 ET

Century Receives Permit to Access the Bedard Dyke Gold Zone at the Lamaque Gold Mine, Val D'or, Quebec

BLAINE, WASHINGTON--(Marketwire - May 5, 2010) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) is pleased to announce that the Company has received the permit to access the Bedard Dyke at the Lamaque Gold Mine in Val d'Or, Quebec, and will collar the portal access drift, ahead of schedule, the week of May 10th.

The Bedard Dyke exploration permit will allow the Company to collar the access portal and proceed underground via 300 meters of exploration drifting and decline ramps. The Company will only require approximately 25 meters of development from the portal entrance to reach the mineralized zone, where the permit also allows for the extraction of a 20,000 tonne bulk sample of mineralized material from the dyke.

"The Company is pleased to access the Bedard Dyke ahead of schedule. We are excited to be entering the second zone discussed in our mine plan earlier in 2010, and expect to collar the portal shortly. Our operational and technical teams continue to reach the milestones set out by the operating committee in late 2009 and we look forward to defining the full potential of this newly discovered mineralized zone close to surface," commented Margaret Kent, President & CEO.

The initial exploration drift into the Bedard Dyke will be used to immediately develop underground drill stations to continue further exploration which was not able to be drilled or collared from surface. The exploration team will be targeting the dyke through an underground drill program to test the new system at depth and to the southwest. The goal is to define multiple continuous mineralized flats that are assumed to continue outside of the mineralized zone which was recently discovered in the Company's February 2010 drill campaign.

The exploration program will also examine potential rollover or "blowout" zones where the Bedard Dyke meets "north dipper" structures, identical to what was mined in the historical open pit, and will target an additional high grade shear zone just north of the Bedard Dyke that was mined at depth historically. The development of the exploration drifts will be used in preparation for mining, which will commence upon completion of the crown pillar study.

About the Bedard Dyke

The Bedard Dyke, which strikes southwest and dips steeply to the south, is located at the west end of the Sigma open pit. The Bedard Dyke outcrops in the open pit and is typical of the mineralized dykes found at the Lamaque mine, where the mineralization is contained both in flats within the steeply south dipping dyke and within flats hosted by volcanic rocks adjacent to the dyke.

The recent drilling program was successful in delineating and confirming the spatial location of the dyke for mine planning and future development. The final three holes from the recent drill program are detailed below:

Hole # Grid Azimuth Inclination From (m) To (m) True Width (m) Grade (g/t Au)
2610-9 180 -82 21.61 22.83 1.23 1.33
63.73 64.95 1.24 2.93
73.12 75.86 2.78 11.08
Including 73.76 74.98 1.22 16.55
82.36 84.00 1.67 8.88
Including 83.21 84.00 0.79 13.35
99.73 100.52 0.80 8.95
102.14 102.90 0.77 5.23
105.25 106.92 1.71 1.79
Including 105.25 106.07 0.82 2.27
210.53 211.74 1.26 7.35
Hole # 2610-10 and #2610-11 were drilled outside of the dyke and encountered minor traces of gold mineralization and assisted in defining the assumed outer limits of the Bedard Dyke. Further drilling is required underground to verify this assumption.

Ross Burns P.Geo., a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the technical disclosure contained in this news release. Samples were assayed at ALS Chemex in Val d'Or using standard fire assay techniques with a gravimetric finish.

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.

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.

For more information, please contact

Century Mining Corporation
Peter A. Ball
Director of Investor Relations
(360) 332-4653 or Toll Free: (877) 284-6535
pball@centurymining.com
www.centurymining.com
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May 05, 2010 01:49PM
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