CENTURY MINING CORP ORATION (fka CMNZF)

[NYBob]

Century Mining Corp. - CMM - 50-year mining
and operating lease covering all of
the San Juan claims in Peru -



Century Mining Corporation
(TSX VENTURE:CMM)
BLAINE, WASHINGTON--(CCNMatthews - June 22, 2006) -
- announces that San Juan Gold Mines S.A.A. ("San Juan") -
has granted Century Mining Peru S.A.C. ("Century Peru") -
a wholly owned subsidiary of Century Mining Corporation,
a 50-year mining and operating lease covering all of
the San Juan claims.

This allows Century Peru to operate the San Juan gold mine
and carry out exploration work on the concessions.

All gold produced from the San Juan concessions -
will be 100% attributable to -
Century Mining Corporation's account.

Century Peru will be responsible for funding all future capital,
operating and exploration expenditures on -
the mining concessions.

San Juan will receive a 10% net profit interest from gold
production at the mine after repayment to Century Peru of
capital, operating, exploration and management expenses.

Century Peru has a 60% controlling interest in San Juan
and also has 100% interest in the surrounding exploration
concessions that were acquired as part of the acquisition
of San Juan.

A 60% share of any net profit interest payment made to
San Juan will also be attributable to the Company.

Margaret Kent, President & CEO said:
"The granting of the mining and operating lease to our
Peruvian subsidiary is the culmination of our plans to
gain control of 100% of gold production from
the San Juan Mine and to carry out exploration
and development on the San Juan concessions."

About Century Mining Corporation

The Company forecasts gold production of 100,000 ounces
of gold at a cash cost of US$325 to US$350 an ounce from
its operating Sigma, Lamaque and San Juan mines in 2006.

The Company owns the dormant Carolin gold mine in
southwestern British Columbia;
nine precious metals exploration properties located -
on the historic Juneau Gold Belt in Alaska;
and production and exploration properties in Peru.

Margaret M. Kent, Chairman, President & C.E.O.

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.


FOR FURTHER INFORMATION PLEASE CONTACT:

Century Mining Corporation
Tom Thomsen
Investor Relations Consultant
[phone]

[e-mail]



Century Mining Corporation
Graham Eacott
Vice President, Investor Relations
[phone]
[phone] (FAX)
[e-mail]
www.centurymining.com

The TSX Venture Exchange has not reviewed and does not
accept responsibility for the adequacy or accuracy of
the contents of this press release.


Source: CCN Matthews (June 22, 2006 - 3:01 PM EDT)

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