BLAINE, WASHINGTON--(Marketwire - March 21, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) is pleased to announce a significant step forward with respect to its proposed business combination with White Tiger Gold Ltd. ("White Tiger") under a plan of arrangement (the "Business Combination") pursuant to a binding agreement (the "Arrangement Agreement") entered into between the parties as announced on March 14, 2011.

Century has received and delivered to White Tiger the consent of Deutsche Bank AG, London Branch to, among other things, the Business Combination, as required under the Arrangement Agreement (the DB Consent"). Provision of the DB Consent satisfies one of the conditions to closing of the Business Combination.

Mr. Daniel Major, President and CEO of Century commented, "We are very pleased that Deutsche Bank has consented to the combination of Century and White Tiger. Deutsche Bank has been very supportive of Century since we entered into the prepaid forward gold purchase financing at the end of 2009, and we look forward to a cooperative relationship as the Century and White Tiger combination continues to fulfill our obligations to Deutsche Bank."

For further details on the Business Combination and the Arrangement Agreement, including the remaining conditions to closing, please see Century's and White Tiger's joint press release dated March 14, 2011.

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.

On behalf of Century Mining Corporation,

Daniel J. Major,
President & CEO