Century Mining Closes $1,500,000 Private Placement

BLAINE, WASHINGTON--(Marketwire - Nov. 10, 2010) - 

"NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION 
IN THE UNITED STATES"

Century Mining Corporation ("Century" or "the Company") (TSX VENTURE:CMM) 
is pleased to announce that it has closed the private placement announced 
November 9, 2010. The private placement consisted of 3,846,154 units (the 
"Units") of the Company, at a price of $0.39 per Unit, for gross proceeds 
of $1,500,000. Each Unit consisted of one common share and one-half of one 
common share purchase warrant (each whole warrant, a "Warrant"). Each 
Warrant is exercisable for one common share at $0.60 for 18 months from 
closing.

The Company has paid a finder's fee of $90,000, representing 6% of the 
gross proceeds of the private placement. All securities issued under this 
private placement will be subject to a four-month hold period.

The proceeds from this offering will be used for the continuing 
commissioning of the Lamaque Gold Mine operation in Val d'Or, Quebec, 
Canada.