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AGENCIES


Century Iron Mines Corporation (TSX:FER) ("Century" or "Century Iron" or the
"Company") is pleased to announce that it has filed its consolidated financial
statements for the year ended March 31, 2014 and the related Management's
Discussion and Analysis ("MD&A") as well as the Annual Information Form ("AIF")
on SEDAR. 


The Company and its Attikamagen joint venture had as at March 31, 2014 cash and
bank deposits of approximately $54.8 million. The Company had exploration and
evaluation assets of $31.0 million and investments in the joint venture of
approx. $60.5 million as at March 31, 2014. A copy of the financial statements,
MD&A and AIF are available under Century's SEDAR profile at www.sedar.com and
will be posted on Century's website at www.centuryiron.com. 


Board of Directors Appointment

The Company announces the resignation of Mr. Yi Jun (Thomas) Kuang as a director
of Century Iron effective immediately. Mr. Kuang has been a valuable member of
the Century Iron Board of Directors as a representative of WISCO International
Resources Development & Investment Limited ("WISCO").


The Board of Directors has appointed Mr. Jun (James) Feng as a director,
representative of WISCO, to replace Mr. Kuang on the Board of Directors. Mr.
Feng currently serves as Chief Financial Officer of Labec Century Iron Ore Inc.
and WISCO Century Sunny Lake Iron Mines Limited. Mr. Feng is a senior accountant
and has worked for WISCO for the past eighteen years. Mr. Feng holds a Bachelor
degree in Metal Processing from Wuhan University of Science and Technology and a
Master degree in Accounting from Zhongnan University of Economics and Law. 


About Century

Century is an iron exploration and development company in Canada. The Company
has significant interests in the prolific iron ore-producing region of the
Labrador Trough in eastern Quebec and western Newfoundland and Labrador, and
several properties in western Quebec. Century has two key strategic partners,
WISCO and Minmetals Exploration & Development (Luxembourg) Limited S.ar.l., both
Chinese state-owned enterprises. Each provides financial resources and technical
expertise assisting the Company to advance its projects to production.


Century has interests in the following mineral exploration projects located in
the Provinces of Quebec and Newfoundland and Labrador:




--  The Attikamagen Lake Project in which Labec Century Iron Ore Inc.
    ("Labec Century") owns a 100% interest. Labec Century is a joint venture
    company owned by Century as to 60% and by WISCO as to 40%. The Joyce
    Lake DSO Project of Attikamagen is in the development stage and it is
    the most advanced of all deposits with an updated NI 43-101 Mineral
    Resource Estimate issued April 17, 2014 and a preliminary economic
    assessment completed May 8, 2013. Both documents have been filed on
    SEDAR and on the Company's website; 
--  The Sunny Lake Project, which is a joint venture between Century and
    WISCO under the Sunny Lake Joint Venture Agreement. WISCO has a
    registered joint venture interest of 17.1% and the right to earn up to a
    40% interest in the Sunny Lake Project. 
--  The Duncan Lake Project in which Century currently has earned a 65%
    interest under an option and joint venture agreement with Augyva Mining
    Resources Inc. (TSX VENTURE:AUV). Century has entered into a Joint
    Venture Framework Agreement with WISCO pursuant to which WISCO may earn
    a 40% joint venture interest in Century's interest in the Duncan Lake
    Project; and 
--  The Astray, Grenville, Menihek and Schefferville West projects acquired
    from Altius Minerals Corporation (TSX:ALS). These projects are 100%
    owned by Century, except that Century has sold 80% of its interest in
    most of the Astray project and has retained a 20% interest.



The Company's mission is to enhance shareholder value through the development of
iron projects in Canada and to become a major Canadian iron ore producer.
Century Iron's website is: www.centuryiron.com.


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included
herein are forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration and
development; the possibility that the test work may not be demonstrated on a
larger scale; the need for permits; fluctuations in commodity prices; title
matters; environmental liability claims and insurance; reliance on key
personnel; the potential for conflicts of interest among certain officers,
directors or promoters with certain other projects; the inability to conclude
contracts for rail, port and power infrastructure; disputes with First Nations
groups; the absence of dividends; competition; dilution; the volatility of our
common share price and volume and the additional risks identified in the "Risk
Factors" section of the Company's Annual Information Form for the year ended
March 31, 2014, other reports and filings with the Toronto Stock Exchange (TSX)
and applicable Canadian securities regulations. Forward-looking statements are
made based on management's beliefs, estimates and opinions on the date that
statements are made. Investors are cautioned against attributing undue certainty
to forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Bob Leshchyshen, MBA, CFA
Vice-President, Corporate Development
& Investor Relations
416-977-3188, ext. 109
bob.leshchyshen@centuryiron.com
www.centuryiron.com


CHF Investor Relations
Robin Cook
Senior Account Manager
416-868-1079, ext. 228
robin@chfir.com
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