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Gold/Mining/Energy : Century Mining Corporation

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From: John McCarthy	4/28/2006 3:03:25 PM
	of 545

Century Mining Closes C$25.0 Million Financing Press Release Source: Century Mining Corporation Century Mining Closes C$25.0 Million Financing Friday April 28, 2:39 pm ET BLAINE, WASHINGTON--(CCNMatthews - April 28, 2006) - Century Mining Corporation (TSX VENTURE:CMM - News) announces that it has closed the final tranche of a C$25.0 million financing consisting of a non-brokered private placement of units. The terms of the private placement are the same as described in a previous press release dated April 6, 2006. All securities issued are subject to a 4-month hold period. Proceeds of the financing will be used for the acquisition of new mining equipment for the Company's Sigma open pit mine; exploration and development of the Company's Lamaque underground mine; the repurchase and settlement of the outstanding precious metal royalty agreement over the Company's Sigma-Lamaque property held by SGF Mines Inc.; and for general corporate working capital purposes. Margaret Kent, President & CEO said: "We welcome a number of new institutional shareholders to the Company as we build Century into a major gold producer." About Century Mining Corporation Founded in 2003, Century Mining Corporation is the newest Canadian gold producer. The Company owns the Sigma-Lamaque Complex, where gold production of 90,000 ounces is forecast for 2006 at a cash cost of US$325 an ounce. The Company recently announced the purchase of the San Juan Gold Mine and associated exploration properties in Peru. Margaret M. Kent, Chairman, President & CEO This press release contains forward-looking statements within the meaning of Section 27A of the Securities Exchange Act of 1933 and as amended in Section 27E of the 1934 Act. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this press release. Contact: Tom Thomsen Century Mining Corporation Investor Relations Consultant 1-877-284-6535 or (360) 332-4653 tthomsen@centurymining.com Graham Eacott Century Mining Corporation Vice President, Investor Relations 1-877-284-6535 or (360) 332-4653 (360) 332-4652 (FAX) geacott@centurymining.com www.centurymining.com biz.yahoo.com

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