BLAINE, WASHINGTON--(Marketwire - March 23, 2011) - Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM) announces that it has received an additional US$1,500,000 tranche of funding from White Tiger Gold Ltd. ("White Tiger") under the second of two bridge loans (the "Bridge Loans") provided by White Tiger to the Company as announced on March 14, 2011.

Century has now received, in aggregate, US$3,300,000 of the total US$4,000,000 commitment under the first and second Bridge Loans. The second Bridge Loan was agreed to concurrently with the execution of the Arrangement Agreement in respect of the proposed business combination of Century and White Tiger (the "Business Combination") as announced on March 14, 2011. The interest rate under the Bridge Loans is 10% per annum, and the Bridge Loans mature on the earlier of the effective date of the Business Combination and the termination of the Arrangement Agreement in accordance with its terms.

Mr. Daniel Major, President and CEO of Century stated, "The bridge loans from White Tiger have aided Century in meeting our financial obligations and helped continue funding the Lamaque production ramp-up, and will offset some of the losses from the crusher failure and permitting delays we have recently experienced."

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