Century Mining Corporation ("Century" or the "Company") (TSX VENTURE:CMM)
announced today that Institutional Shareholder Services Inc. ("ISS") recommends
that shareholders approve the reduction in stated capital and vote FOR the
acquisition by White Tiger Gold Ltd. ("White Tiger") (TSX:WTG) (the "Business
Combination") at the upcoming special meeting of shareholders scheduled for
September 13, 2011.


ISS is a leading independent international corporate governance analysis and
proxy voting firm. Their recommendations can assist shareholders to make
decisions regarding proxy voting.


ISS noted that, "Based on a review of the terms of the transaction, the
strategic rationale is reasonable, the combined company will be able to access
additional resources and there are no significant governance concerns,
shareholder approval is warranted."


"We are pleased that ISS shares our view that Century shareholders should vote
FOR the combination with White Tiger," said Ricardo M. Campoy, Lead Director,
Chairman and Chair of the Special Committee. "We are confident that this
arrangement will enable Century shareholders to continue to participate in the
upside of Century's existing portfolio and benefit from both the considerable
portfolio of White Tiger and the resulting growth prospects that will allow
Century to become a mid-tier gold producer."


Century's Special Committee and Board unanimously support the Business
Combination based on the following strategic rationale:




--  receipt of a fairness opinion dated March 11, 2011 from Blair Franklin
    that the consideration to be received by Century Shareholders is fair
    from a financial point of view to the Century Shareholders, other than
    Messrs. Finskiy and Scola; 
--  a pipeline of projects in various stages of exploration and development;
--  operational diversity with open pit and underground mines; 
--  strong and experienced management team; 
--  creation of a larger more substantial corporation which would facilitate
    financing on both an equity and debt basis and on more favourable terms;
--  immediate relief for Century's cash flow issues through advances on the
    Bridge Loan as it appeared that there is little interest in significant
    equity financing; 
--  access to an exciting new area for precious metals exploration, namely
    Eastern Siberia, together with the support of Maxim Finskiy who is known
    for his mining achievements in Russia; 
--  listing on the TSX, which would provide more credibility
    internationally; 
--  requirement of court approval as to the fairness of the transaction,
    with the opportunity for dissenting shareholders to appear when
    requesting final court approval; 
--  extension to dissenting shareholders of an appraisal remedy similar to
    that contained in the CBCA; 
--  approval of the Century Shareholders on a "majority of the minority"
    basis; and 
--  substantial continued upside respecting Lamaque, since Century
    Shareholders would constitute over 60% of the Combined Company.



Shareholders are reminded to vote their proxy FOR the Arrangement before the
proxy deadline of Friday, September 9, 2011 at 9:00 a.m (Toronto Time).


For further information or assistance in voting your shares or to request
additional copies of the Meeting Materials, shareholders should contact
Kingsdale Shareholder Services Inc. at 1-866-581-1489 or email
contactus@kingsdaleshareholder.com.


(i)Permission to quote from the ISS reports was neither sought nor obtained.

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.


Caution Concerning Forward-Looking Information

This press release contains forward looking statements within the meaning of the
United States Private Securities Litigation Reform Act of 1995 and
forward-looking information within the meaning of applicable Canadian securities
laws including with respect to the recovery and conversion of resources and
reserves and the potential addition of resources. We use words such as "might",
"will", "should", "anticipate", "plan", "expect", "believe", "estimate",
"forecast" and similar terminology to identify forwardlooking statements and
forward-looking information. Such statements and information are based on
assumptions, estimates, opinions and analysis made by management in light of its
experience, current conditions and its expectations of future developments as
well as other factors which it believes to be reasonable and relevant.
Forward-looking statements and information involve known and unknown risks,
uncertainties and other factors that may cause our actual results to differ
materially from those expressed or implied in the forward-looking statements and
information and accordingly, readers should not place undue reliance on such
statements and information. Risks and uncertainties that may cause actual
results to vary include but are not limited to the speculative nature of mineral
exploration and development, including the uncertainty of reserve and resource
estimates; operational and technical difficulties; the availability to the
Company of suitable financing alternatives; fluctuations in gold and other
commodity prices; changes to and compliance with applicable laws and
regulations, including environmental laws and obtaining requisite permits;
political, economic and other risks arising from our South American activities;
fluctuations in foreign exchange rates; as well as other risks and uncertainties
which are more fully described in our annual and quarterly Management's
Discussion and Analysis and in other filings made by us with the Securities and
Exchange Commission and with Canadian securities regulatory authorities and
available at www.sedar.com.


While the Company believes that the expectations expressed by such
forward-looking statements and forward-looking information and the assumptions,
estimates, opinions and analysis underlying such expectations are reasonable,
there can be no assurance that they will prove to be correct. In evaluating
forward-looking statements and information, readers should carefully consider
the various factors which could cause actual results or events to differ
materially from those expressed or implied in the forwardlooking statements and
forward-looking information.
International Samuel Exp... (TSXV:ISS)
Historical Stock Chart
From Apr 2024 to May 2024 Click Here for more International Samuel Exp... Charts.
International Samuel Exp... (TSXV:ISS)
Historical Stock Chart
From May 2023 to May 2024 Click Here for more International Samuel Exp... Charts.