Century Reports Continued Progress During Second Quarter 2010

BLAINE, WASHINGTON--(Marketwire - Aug. 13, 2010) - Century Mining 
Corporation ("Century" or the "Company") (TSX VENTURE:CMM) reports its 
financial and operating results for the second quarter and first half of 
2010. See below for key highlights:

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                              Three Months      Six Months       Six Months 
                             June 30, 2010   June 30, 2010    June 30, 2009 
                                                                            
Cash & Restricted Cash      $    9,365,313  $    9,365,313   $      396,253 
Working Capital             $    2,728,839  $    2,728,839     ($11,128,404)
Total Assets                $  130,670,527  $  130,670,527   $   92,226,846 
Long Term Debt & Deferred                                                   
 Revenue                    $   32,234,804  $   32,234,804   $      326,619 
Revenue                     $    6,901,434  $   11,799,445   $    8,431,979 
Earnings from Operations    $    3,483,142  $    5,024,663   $    3,934,892 
Gold Production (ounces)             5,075           9,996            7,744 
Mine Site Cash Cost                                                         
 (US$/oz Au)                $          702  $          639   $          442 
Realized Gold Price                                                         
 (US$/ounce)                $        1,128  $        1,096   $          916 
Weighted Avg. Common                                                        
 Shares                        345,362,196     342,124,016      181,539,921 
Net Income (Loss)           $      255,098       ($298,089)  $    2,750,468 
Net Income (Loss) per                                                       
 share                      $         0.00          ($0.00)  $         0.02 
                                                                            
(Canadian $ except as noted)                                                

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As at June 30, 2010, the Company reported working capital of $2,728,839 
compared to a working capital deficit of $11,128,404 for the corresponding 
date in 2009. During the ramp up of the Lamaque gold project in Val d'Or, 
Quebec, the Company spent capital on the purchase of new underground low 
profile mine equipment, the refurbishment of the Sigma mill facility, the 
construction of new crushers and conveyors, and began the payment of 
long-term debts negotiated with various suppliers.

In the first half of 2010, corporate administration expenses were 
$2,645,755 (first half 2009: $1,746,841), an increase of approximately 51%. 
These expenses are related to the re-start of the Lamaque operation 
including additional manpower, salaries and benefits, as well as travel and 
accommodation expenses. 

Corporate Operational Outlook

San Juan Operation Update and Guidance

The San Juan operation is now producing at approximately 4,500 to 5,000 
ounces of gold per quarter, and production guidance remains at 18,000 to 
20,000 ounces in 2010. During the first half of 2010, ending June 30, 2010, 
San Juan produced 9,996 ounces of gold at an average mine site cash cost of 
$639 per ounce, and in the second quarter ending June 30, 2010 produced 
5,075 ounces of gold at a mine site cash cost of $702 per ounce. 

In the second quarter, cash costs increased due to additional expenses 
related to the construction of a new cyanide tailings pond facility, and a 
subsequent shut down of the mill circuits for a period of time. The CIL 
plant operated on restricted tonnage in the quarter and the project was 
completed in July 2010. Also transition ore from mining at the Jessica vein 
system required campaigning through the mill and produced a lower recovery. 
The average mine site cash cost for the San Juan mine for 2010 has 
subsequently increased from $550-$570 per ounce to $575-$625 per ounce, but 
is expected to decrease in 2011 back to the $550-$570 range. 

With an investment of US$1.5 million in the operation, the production rate 
can be expanded from the current 250 tonnes per day to in excess of 400 
tonnes per day, which will increase production to 6,000 to 7,000 ounces per 
quarter. The Company expects to make this investment after the Lamaque mine 
has reached capacity and the final draw of the Deutsche Bank AG forward 
gold purchase amount is made. 

The mine is continuing with improvements of the tailings dam to increase 
tailings storage capacity for the planned future production increases. Gold 
production at San Juan is expected to reach 25,000 - 30,000 ounces of gold 
per year by 2012.

Lamaque Operation Update and Guidance

On April 30, 2010, the Lamaque mine poured its first gold bar, and 
subsequently produced a total of 3,942 ounces in the second quarter. 
Revenue associated with gold production at the Lamaque operation has been 
offset against the deferred development costs. Company's production 
guidance for Lamaque for 2010 has decreased from 35,000-40,000 ounces to 
25,000-30,000 ounces gold, reflecting an overall production decrease of 
approximately 10,000 ounces for 2010. 

During the startup and commissioning of the Lamaque Project certain 
equipment procurement, operational obstacles, and mining delays previously 
identified have hampered production. The Company has identified the 
following key operational obstacles that have directly affected the 
production guidance for 2010 as stated above:

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1.  Three week delay in electrical power grid being connected to minesite
    affected access to the underground, mine development and the initial
    stockpile of mill feed prior to mill being operational in April 2010; 
    
2.  Three week delay in receiving low-profile underground equipment
    contributed to postponed underground mine and stope pre-development; 
    
3.  Delay in completion of technical reports from consultants, and
    subsequent permits postponed the Bedard dyke portal and underground
    development program; 
    
4.  Slower than expected recruitment of experienced management, technical
    staff and underground mining employees has contributed to the delay in
    the training on equipment and mining methods, and the management of ore
    feed assay and sampling controls; 
    
5.  Competing with numerous other mining projects in the area for vendor
    services and equipment. 
    

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On the positive side of the Lamaque operation, improvements in underground 
production through the controlling dilution and blasting, and continued 
efficiencies in the operation of the new low-profile underground equipment, 
have increased production with more predictable grades and mill recoveries 
exceeding budget. The Lamaque operation is now staffed with an experienced 
surface and underground work force, and an underground mine contractor has 
been hired to advance the development of the Bedard dyke. 

Subsequent to the quarter ending June 30, 2010, July production has 
increased to approximately 820 tpd, and early August production has reached 
close to 1,000 tpd. The guidance for 2011 at Lamaque remains at 80,000 to 
90,000 ounces, and Lamaque is anticipated to reach commercial production in 
the first half of 2011.

The consolidated production outlook for the Company is approximately 45,000 
to 50,000 ounces in 2010, 115,000 ounces in 2011, and 130,000 in 2012. The 
long term cash cost, on a consolidated basis for the Lamaque and San Juan 
operations, is estimated to range between $450 to $550 per ounce. 

Keith Hulley, Interim CEO of Century commented, "The Company's initial six 
months of 2010 have been a challenge, with the usual start-up operational 
difficulties. Our team at the Lamaque operation have done well bringing the 
project into production, and have worked through some difficult obstacles 
and unexpected delays resulting in lowering of our corporate production 
outlook. The operational startup issues are being resolved as we continue 
with the start-up activities."

On July 28, 2010, Margaret M. Kent, the Company's Chairman, President and 
Chief Executive Officer resigned. The Board of Century accepted her 
resignation and has initiated a global executive search for a new President 
and CEO. During this period of transition, the Board has appointed Mr. 
Keith Hulley, a Century Director, as interim CEO, and also promoted Mr. 
Adrian McNutt from VP Operations to Chief Operating Officer. The Company 
continues with the search for a new President and CEO and expects to be 
able to make the appointment and announcement in the fall of 2010.

Conference call

Management will host a conference call on Friday, August 13th at 11:00 a.m. 
Pacific time (2:00 p.m. Eastern time) to discuss the six months and second 
quarter ending June 30, 2010. 

Mining analysts, investors and the media are invited to dial toll-free 
1-888-942-9044 in Canada and the United States, or 1-517-308-9426 from 
international locations (normal toll rates do apply) and state the verbal 
passcode "CenturyMining". Please dial approximately 5 minutes before the 
start of management's presentation. The presentation will be followed by a 
question and answer period.

The conference call will be archived for later playback and may be accessed 
by dialing 1-800-406-7492 or 1-203-369-3274 and entering the pass code 
1324#, or via www.centurymining.com via a downloadable audio file. The 
archived playback will be available until September 10, 2010 11:59 p.m. 
Pacific Time.

The second quarter Financials and Management Discussion & Analysis is 
available on the Company's website at www.centurymining.com and have been 
filed on www.sedar.com.

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,

Keith Hulley, Interim 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.

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