Century Mining Announces $5,000,000 Private Placement

BLAINE, WASHINGTON--(Marketwire - Sept. 15, 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 intends to complete a private placement 
financing of 12,820,513 units (the "Units") of the Company, at a price of 
$0.39 per Unit, for gross proceeds of $5,000,000. Each Unit will consist of 
one common share and one-half of one common share purchase warrant (each 
whole warrant, a "Warrant"). Each Warrant will be exercisable for one 
common share at $0.60 for 18 months from closing.

The Company will pay a finder's fee of 5% of the gross proceeds of the 
private placement. The completion of the private placement is subject to 
regulatory approval by the TSX Venture Exchange and completion of 
documentation. 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 its Lamaque Gold Mine operation in Val d'Or, Quebec, 
Canada, and as working capital. Century has been advised that Kirkland 
Intertrade Corp and Gravity Ltd. have consented to the Offering and will 
not exercise their pre-emptive rights in respect thereto as provided in the 
current Shareholders Agreement