White Tiger Gold Ltd. ("White Tiger") (WTG) and Century Mining Corporation ("Century") (CMM) jointly announce that White Tiger has obtained approval from the Government of Canada under the Investment Canada Act in respect of the proposed business combination whereby White Tiger and Century will combine under a plan of arrangement (the "Business Combination") resulting in Century becoming an indirect subsidiary of White Tiger.

"We appreciate the approval given by the Government of Canada. We are now one step closer to creating a larger, more diversified gold mining company with multiple properties in various stages of production and development in Canada, Russia, and Peru" said Daniel Major, President and Chief Executive Officer of Century and Dr. Geoffrey Cowley, Chief Executive Officer of White Tiger in a joint statement.

Completion of the Business Combination remains subject to final approval of the Toronto Stock Exchange and the TSX Venture Exchange.

Closing of the Business Combination is expected to take place by the end of October.