Sulliden Gold Corporation Ltd T.SUE.WT

CMM Withdraws Takeover offer for Sulliden

[NSX001]

Century Mining withdraws offer for Sulliden BLAINE, WA, Jan. 25 /CNW/ - Century Mining Corporation (CMM: TSX-V) today announced that it has withdrawn its takeover bid for Sulliden Exploration Inc, which was announced on November 28, 2007. Century has notified the depositary that the offer has been withdrawn and instructed it to return all shares that have been deposited. Since the commencement of this takeover bid, Sulliden's defense has been to portray Century in a very negative light. Century disagrees with these assertions and is disappointed that the board of Sulliden has failed to see the benefit of combining with Century, which could have ended the litigation and created a new mid-tier gold producer. Century will maintain its current position in the litigation over the Shahuindo property in Peru. The focus of Century at this time will be to continue building its portfolio of operating and exploration assets, which include the Lamaque and San Juan mines. Margaret M. Kent, President and C.E.O. of Century Mining commented, "With gold spot prices above US$900 per ounce, it is unfortunate that Shahuindo is the subject of litigation. Century's focus is on building and operating mines resulting in wealth creation for our shareholders in this gold cycle. It is regrettable that our objectives do not appear to be aligned with those of Sulliden's management." NOW WHAT ARE YOU GOING TO DO. WAIT TILL MONDAY MORNING AND SEE THE S.P. PLUMMET