Century Mining Corporation Announces Leading Shareholder Services Firm Recommends Shareholders Vote FOR the White Tiger Acquisition (ccnm)

TORONTO, ONTARIO--(Marketwire - Sept. 1, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) announced today that Institutional Shareholder Services Inc. ("ISS") recommends that shareholders approve the reduction in stated capital and vote FOR the acquisition by White Tiger Gold Ltd. ("White Tiger") (TSX:WTG) (the "Business Combination") at the upcoming special meeting of shareholders scheduled for September 13, 2011.

ISS is a leading independent international corporate governance analysis and proxy voting firm. Their recommendations can assist shareholders to make decisions regarding proxy voting.

ISS noted that, "Based on a review of the terms of the transaction, the strategic rationale is reasonable, the combined company will be able to access additional resources and there are no significant governance concerns, shareholder approval is warranted."

"We are pleased that ISS shares our view that Century shareholders should vote FOR the combination with White Tiger," said Ricardo M. Campoy, Lead Director, Chairman and Chair of the Special Committee. "We are confident that this arrangement will enable Century shareholders to continue to participate in the upside of Century's existing portfolio and benefit from both the considerable portfolio of White Tiger and the resulting growth prospects that will allow Century to become a mid-tier gold producer."

Century's Special Committee and Board unanimously support the Business Combination based on the following strategic rationale:

• receipt of a fairness opinion dated March 11, 2011 from Blair Franklin that the consideration to be received by Century Shareholders is fair from a financial point of view to the Century Shareholders, other than Messrs. Finskiy and Scola;
• a pipeline of projects in various stages of exploration and development;
• operational diversity with open pit and underground mines;
• strong and experienced management team;
• creation of a larger more substantial corporation which would facilitate financing on both an equity and debt basis and on more favourable terms;
• immediate relief for Century's cash flow issues through advances on the Bridge Loan as it appeared that there is little interest in significant equity financing;
• access to an exciting new area for precious metals exploration, namely Eastern Siberia, together with the support of Maxim Finskiy who is known for his mining achievements in Russia;
• listing on the TSX, which would provide more credibility internationally;
• requirement of court approval as to the fairness of the transaction, with the opportunity for dissenting shareholders to appear when requesting final court approval;
• extension to dissenting shareholders of an appraisal remedy similar to that contained in the CBCA;
• approval of the Century Shareholders on a "majority of the minority" basis; and
• substantial continued upside respecting Lamaque, since Century Shareholders would constitute over 60% of the Combined Company.

Shareholders are reminded to vote their proxy FOR the Arrangement before the proxy deadline of Friday, September 9, 2011 at 9:00 a.m (Toronto Time).

For further information or assistance in voting your shares or to request additional copies of the Meeting Materials, shareholders should contact Kingsdale Shareholder Services Inc. at 1-866-581-1489 or email contactus@kingsdaleshareholder.com .

*Permission to quote from the ISS reports was neither sought nor obtained.

About Century Mining Corporation

Century Mining Corporation is a Canadian gold producer and holds strategic land positions in Canada, the United States and Peru. The Company's strategy is to grow to its gold production through existing mine expansions and acquisitions of other strategic and synergistic gold opportunities.