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Gold/Mining/Energy : Century Mining Corporation

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From: John McCarthy9/27/2006 2:15:12 PM
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Peru Budget Summary -

San Juan Mine Proper - $300,000 - UNKNOWN # HOLES

complete diamond drilling, assaying and other sample work. This work will provide the basis for the preparation of an NI 43-101 technical report, which is expected in the next few months.

Golden Champune - $80,000 - 2 HOLES

The Golden Champune will be re-evaluated as a potential vein system target using a focused sampling method and at least two core holes to sample the system to a depth of up to 1,000 meters.

Veta Clara - $300,000 - UNKNOWN # HOLES

Sampling by Century to test the veins and alteration zone for the presence of a large, low grade deposit returned good grades on the veins but failed to show significant gold grades in the surrounding alteration

Santa Clarita - - $300,000 - UNKNOWN # HOLES

Further sampling and drilling are proposed in 2006-2007 to determine if the character of the mineralization and a budget of US$300,000 has been allocated for this work. This program is expected to commence early in 2007.

Erika - $30,000 - survey<.b>

For 2006-2007 the Company will complete a geochemical and mapping survey over the entire two square kilometer area of the showing to more clearly understand the geology and mineralization.

San Juan Regional - No Budget cited

Century intends to carry out a regional prospecting, sampling and mapping program over the 250 km2 San Juan property as there are other known showings on the property that have not been well documented.

Colina Dorada - No Budget cited

will be the focus of a systematic exploration program in the fourth quarter of 2006.

Total Peru $1,010,000

Message 22854048
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