CGOOF: effective March 9,2020 An affiliate of Zijin Mining Group Co., Ltd. acquired all of the issued and outstanding common shares of the Issuer for C$5.50 per share pursuant to a plan of arrangement.

FINRA will delete the symbol:

https://otce.finra.org/otce/dailyList?viewType=Deletions

Continental Gold (QX (CGOOF)
4.04049 ? 0.46349 (12.96%)
Volume: 7,210,423 @12/02/19 3:58:39 PM EST
Bid Ask Day's Range
4.03 4.07 3.93 - 4.05
CGOOF Detailed Quote

CNL an exploration company with no production yet compare to ex.
Gran Colombia Gold Corp.


Zijin Mining to Acquire Continental Gold in Friendly, All-Cash Offer for C$1.4 billion
T.CNL | 6 hours ago
Canada NewsWire
TORONTO and FUJIAN, China, Dec. 2, 2019
TORONTO and FUJIAN, China, Dec. 2, 2019 /CNW/ -

Zijin Mining Group Co., Ltd. ("Zijin") (SSE:601899; SEHK:2899) and Continental Gold Inc. ("Continental") (TSX:CNL; OTCQX:CGOOF) are pleased to announce that they have entered into a definitive agreement (the "Arrangement Agreement"), pursuant to which Zijin has agreed to acquire all of the outstanding shares of Continental (the "Transaction") at a price of C$5.50 per share (the "Offer Price") in cash and all outstanding securities convertible into such common shares will also be acquired on the same basis. The total equity value pursuant to the Transaction is approximately C$1.4 billion on a fully diluted basis. The Offer Price represents a premium of 29% over Continental's 20-day volume-weighted average price ("VWAP") as at November 29, 2019 on the Toronto Stock Exchange ("TSX").



image:


Continental Gold (CNW Group/Continental Gold Inc.)


Newmont Goldcorp Corporation ("Newmont") and directors and officers of Continental collectively holding approximately 21.5% of the outstanding Continental common shares have entered into voting support agreements to support the Transaction.

Ari Sussman, CEO and a Director of Continental, stated:

"The all-cash offer at a significant premium to market is an excellent outcome for our shareholders and is a testament to the extraordinary effort of the Continental team and its stakeholders in pioneering a new and modern gold industry in Colombia. In the span of a decade, Continental has transformed the Buritic project from a grassroots discovery into one of the world's largest and highest-grade gold projects. With production on the horizon in 2020, the timing is right for Continental to sell to a more experienced mine operator and therefore Continental's Board of Directors recommends that shareholders vote in favour of the Transaction. Zijin is one of the world's fastest growing mining companies and boasts an impressive track record of successful international acquisitions and operations. Most importantly, Zijin shares common principles with Continental on what defines modern mining and, as a result, will continue to operate in a safe, transparent and inclusive manner with the employees of the Company and external stakeholders."

Chen Jinghe, Chairman of Zijin, stated:

"Continental's 100%-owned Buritic project in Antioquia, Colombia is one of the largest and highest-grade gold projects in the world and represents a highly complementary addition to Zijin's international asset portfolio. The Buritic project is expected to produce approximately 250k ounces of gold per annum on average over a 14-year mine life at LOM all-in sustaining cost of ~US$600 per ounce. We believe the sizeable, high-grade mineral resource of 16.02 Mt at an average gold grade of 10.32 g/t (being a measured resource of 1.40 Mt with a gold grade of 13.70 g/t and an indicated resource of 14.62 Mt with a gold grade of 10.00 g/t) presents excellent opportunities to expand production and extend mine life. Continental has successfully advanced and substantially de-risked the Buritic project with commercial production now clearly in sight and first gold pour expected in the first half of 2020. Continental also holds a sizeable and highly prospective land package in Colombia that, combined with the Buritic project, provides Zijin with the leading position in an emerging world-class gold producing region."

"We have been greatly impressed by Continental's focus on safe, efficient and sustainable mining practices which closely align with Zijin's approach to mining and development operations. Zijin is conscious of the demonstrated responsibility of Continental's operation towards the well-being of the local communities and the responsible management of environmental aspects of its operation. Zijin commits to continuing with a similar approach, focus and investment in that regard. Zijin will practice in all its operations with the same commitment of Continental towards transparency and ethics and will continue to operate in a highly responsible manner in Buritic, Antioquia and Colombia more broadly. We look forward to working closely with stakeholders and local communities in Colombia to deliver a world-class operation that will benefit the regional economy."

Benefits to Continental Shareholders

Immediate and significant premium of approximately 29% to the 20-day VWAP on the TSX
All-cash offer that is not subject to a financing condition
Strong deal certainty with voting support agreements entered into with the directors and senior officers of Continental and with Newmont, Continental's largest shareholder, representing a total of approximately 21.5% of the Continental shares
Removes future dilution, commodity, construction and execution risk


Transaction Summary

The Transaction will be completed pursuant to a Plan of Arrangement under the Business Corporations Act (Ontario). The Transaction will be subject to the approval of at least 66-% of the votes cast by shareholders and more than 50% of the votes cast by disinterested shareholders at a special meeting of Continental shareholders expected to be held in January 2020. In addition to shareholder approval, the Transaction is also subject to the receipt of certain regulatory, court and stock exchange approvals and other closing conditions customary in transactions of this nature.

The Arrangement Agreement includes, among other things, a non-solicitation covenant on the part of Continental (subject to customary fiduciary out provisions) and a right for Zijin to match any competing offer that constitutes a superior proposal. Under certain circumstances, Zijin would be entitled to a US$35 million termination fee and Continental would be entitled to a US$35 million reverse termination fee or may require Zijin to purchase US$35 million of Continental shares at the Offer Price.

Continental Interim Financing

In connection with the Transaction, Zijin has agreed to provide Continental with US$50 million by subscribing for convertible debentures (the "Zijin Debentures"), subject to regulatory approval. The term of the Zijin Debentures will be 5 years with a 5% interest rate, payable semi-annually in arrears. The Zijin Debentures will be convertible at the holder's option into common shares of Continental at a conversion price equal to C$4.50 per share, subject to adjustment. The Company has also terminated the binding option on a financing offer for shares on a private placement basis, which was initially announced on November 14, 2019. In connection with the Transaction, Continental has given notice to redeem US$25 million of its currently outstanding convertible debentures.

Zijin intends to set up an Ontario acquisition entity for this transaction which will be held by a Hong Kong holding subsidiary of Zijin formed with certain strategic investors who are willing to jointly invest with Zijin in Continental.

Continental Board of Directors Recommendations

The Transaction has been unanimously approved by the board of directors of Continental following the unanimous recommendation of a special committee of independent directors of Continental (the "Special Committee"). Maxit Capital LP has provided an opinion to the Continental board of directors and Cormark Securities Inc. has provided an opinion to the Special Committee, respectively, stating that, based upon and subject to the assumptions, limitations and qualifications set forth therein, the consideration offered to the Continental shareholders pursuant to the Transaction is fair, from a financial point of view, to the Continental shareholders.

Timing

Full details of the Transaction will be included in Continental's management information circular, which is expected to be mailed to shareholders in December 2019 with the shareholders meeting expected to take place in January 2020. Shareholders are urged to read the information circular once available as it will contain additional important information concerning the Transaction. The Arrangement Agreement will also be filed on SEDAR.

Advisors and Counsel

Credit Suisse is acting as financial advisor to Zijin and McCarthy Ttrault LLP is acting as Zijin's legal counsel.

Maxit Capital LP is acting as financial advisor to Continental. Cassels Brock & Blackwell LLP is acting as legal counsel to Continental and Fasken Martineau DuMoulin LLP is acting as legal counsel to the Special Committee. Cormark Securities Inc. is acting as financial advisor to the Special Committee.

About Continental

Continental is the leading large-scale gold mining company in Colombia and is presently developing its 100% owned Buritic project in Antioquia. Buritic is one of the largest and highest-grade gold projects in the world and is being advanced utilizing best practices for mine construction, environmental care and community inclusion. Led by an international management team with a successful record of discovering, financing and developing large high-grade gold deposits in Latin America, the Buritic project is on schedule with mechanical completion anticipated during the first quarter of 2020. Additional details on Continental's suite of gold exploration properties are also available at www.continentalgold.com.

The scientific and technical information in this press release has been reviewed and approved by Donald Gray, Chief Operating Officer of Continental, who is a qualified person as defined under National Instrument 43-101 ("NI 43-101"). For information on the Buritic project, please refer to the technical report, prepared in accordance with NI 43-101, entitled ""NI 43101 Buritic Mineral Resource 201901, Antioquia, Colombia" and dated March 18, 2019 with an effective date of January 30, 2019, which is available on SEDAR at www.sedar.com and at www.continentalgold.com.

About Zijin

Formed in 1993, Zijin is based in Fujian, China and is a leading global mining company specializing in gold, copper, zinc and other mineral resource exploration and development. It manages an extensive portfolio, primarily consisting of gold, copper, zinc, and other metals through investments in China and overseas across nine countries. Listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange, as of November 29, 2019 Zijin has a current market capitalization of approximately US$12.13 billion.

Forward-Looking Statements

This news release contains or refers to forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). Certain information contained in this news release constitutes "forward-looking information" under Canadian securities legislation including statements with respect to the benefits of the Transaction to Continental shareholders, the anticipated meeting date and mailing of the information circular in respect of the meeting, timing for completion of the Transaction and receiving the required regulatory and court approvals, Continental's production horizon, expectations regarding how Zijin will continue operations and benefit the region, advancing the Buritic project including timing of first gold pour and mechanical completion, the economic effect of the mine, and future plans and objectives of Continental and Zijin. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "expects", "believes", "aims to", "plans to" or "intends to" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Continental and/or Zijin to be materially different from those expressed by such forward-looking statements or forward-looking information, including the business of the respective company, the speculative nature of mineral exploration and development, fluctuating commodity prices, competitive risks, and delay, inability to complete the interim financing or failure to receive regulatory approvals. Although management of Continental and Zijin have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Neither Continental nor Zijin undertake to update any forward-looking statements or forward-looking information that are contained or incorporated by reference herein, except as required by applicable securities laws. The information contained in this news release is not investment or financial product advice.



image: https://mma.prnewswire.com/media/1037959/Continental_Gold_Inc__Zijin_Mining_to_Acquire_Continental_Gold_i.jpg

image: https://mma.prnewswire.com/media/1037959/Continental_Gold_Inc__Zijin_Mining_to_Acquire_Continental_Gold_i.jpg

Zijin (CNW Group/Continental Gold Inc.)


SOURCE Continental Gold Inc.


Read more at https://stockhouse.com/companies/bullboard?symbol=t.gcm&postid=30414674#Lbio0vWsx3qsgjZ2.99

Sure am. Got into it last week.

This is going to be a great 12 months with mine coming on stream and gold heading north

Anyone still following this stock?

That was a good dip back in May

Read the news. Might go to $4 a share.

Any share holders that bought on the dip
made nice money today.
Good luck and I am sorry to say I had no shares.
Like they say, if you could predict even any minor event
you would be a millionaire.

Ptcat

On 11-10-2015 gold is up $3.35.

Not many posts here. Wait until gold rises.

Echo20

Why the sell off today?

Penny Roger$

Gold up $19.00. On Kitco.

Continental down?

Echo20

~ $CGOOF ~ Daily Par Sar Buy Signal ~ Criteria alert triggered during a recent trading session!

$CGOOF has just triggered the "Parabolic SAR Buy Signals" scan criteria at Stockcharts.com
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c

I couldn't believe it. I was lucky to get 300 shares of NUGT to short and made out like a bandit. Wish I held as more down fall looks to be coming. Down 84$ in one day unreal

What an azz whooping in PM's yesterday...

good time to add. the minute gold goes up this baby will bounce faster than NUGT.

The whole sector is suffering... strange.

Onward... the sector fundamentals remain bullish/getting stronger...

Good things going on here!!!

Second consecutive week in positive territory creating a higher low... looks strong:

Resource estimates need to be seen to be believed:

http://www.continentalgold.com/_resources/presentations/CNL_Presentation.pdf

Columbia seems to be mining friendly... CGOOF has stepped in BIG!

Link to King World News podcast:

http://kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2012/10/16_Continental_Gold_Ltd._2012_Update_files/Continental%20Gold%202012%20Update.mp3

There may be no other exploration company with prospects as this has...

http://www.otcmarkets.com/stock/CGOOF/company-info

Just created a board for this one using the TSX symbol and pricing. More volume for this one on that exchange.

http://investorshub.advfn.com/Continental-Gold-TSX-TSX-CNL-25885/

Continental Gold Files NI 43-101 Technical Report on Buritica Project

TORONTO, ONTARIO--(Marketwire - Nov 15, 2012) - Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company") is pleased to announce that, further to its press release of October 1, 2012 announcing an updated mineral resource estimate for the Buriticá project in Colombia, the Company has filed with Canadian securities regulators an independent technical report prepared in accordance with National Instrument 43-101 ("NI 43-101") entitled "2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia" (the "Technical Report"), containing the updated mineral resource estimates. The Technical Report covers two major vein systems, with combined Measured and Indicated mineral resources of 3,740,000 tonnes of mineralized material containing 1,640,000 ounces of gold grading 13.6 g/t gold, 4,600,000 ounces of silver grading 38 g/t silver, and 55,800,000 pounds of zinc grading 0.7% zinc. The Inferred mineral resource is 13,330,000 tonnes of mineralized material containing 3,760,000 ounces of gold grading 8.8 g/t gold, 14,200,000 ounces of silver grading 33 g/t silver and 156,500,000 pounds of zinc grading 0.5% zinc. The Technical Report, dated November 15, 2012, with an effective date of October 22, 2012, was prepared for the Company by Mining Associates Pty Limited.
A copy of the Technical Report can be accessed under the Company''s SEDAR profile at www.sedar.com, or on the Company''s website at www.continentalgold.com.
About Continental Gold
Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buriticá gold project to production.
In August 2012, Continental achieved an important milestone, receiving formal approval for the modification of its existing Environmental Impact Assessment. The amendment allows the Company to build a six-kilometre switchback road and begin underground development by constructing a one-kilometre access tunnel. With a goal of being the first modern-day gold producer in Colombia, Continental will commence the construction of the access tunnel in H2 2012, initially providing access for underground drilling and eventually used for commercial production. A Phase IV drill program is underway at the Buriticá project to further delineate the mineral resource and drill new target zones identified within its concessions.
Additional details on the Buriticá project and the rest of Continental''s suite of gold exploration properties are available at www.continentalgold.com.
The authors of the Technical Report, Mr. Andrew Vigar, BAppSc Geo, FAusIMM, MSEG, and Mr. Martin Recklies, BAppSc Geo, MAIG, each of Mining Associates Pty Limited, are each a "qualified person" (as such term is defined in NI 43-101) and independent of the Company, and have prepared or supervised the preparation of the technical information upon which the technical information contained in this press release is based.
Forward-Looking Statements
This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.
Differences in Reporting of Resource Estimates
This press release was prepared in accordance with Canadian standards which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced in this press release are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in the United States. While the terms "mineral resource," "measured mineral resources," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute "reserves" by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this press release containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies.
Contact:
Continental Gold Limited
Nisha Hasan
Director, Investor Relations
+1.416.583.5611
info@continentalgold.com
www.continentalgold.com

Nice!!! Thanks for the info.

Fresh Releases - November 13, 2012
Osisko Mining Corp T.OSK | Continental Gold Ltd T.CNL | Bear Lake Gold Ltd V.BLG
Kevin Michael Grace

Osisko to buy Queenston for $550M

Continental reports Colombia Gold Assays up to 10.42 g/t over 65.1m

Bear Lake reports Ontario Gold Assays up to 1.52 g/t over 22m

Read the rest of these press release summaries and assay results here. http://resourceswire.com/2012/11/fresh-releases-18/

Continental Gold Announces $75 Million Bought Deal
Press Release: Continental Gold Ltd. – 3 hours ago.. .

TORONTO, ONTARIO--(Marketwire - Nov 12, 2012) - Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company"), is pleased to announce that it has entered into an agreement with a syndicate of underwriters to purchase 7,860,000 common shares of the Company (the "Common Shares") at a price of $9.55 per Common Share for gross proceeds of $75,063,000 on a bought deal basis (the "Offering").

The Company has also granted the underwriters an over-allotment option to increase the size of the Offering by up to an additional 15%, such option being exercisable in whole or in part at any time prior to 30 days after the closing of the Offering.

The net proceeds from the Offering will be used for exploration and development expenditures and for general corporate purposes.

Closing of the Offering is anticipated to occur on or about December 4, 2012 (the "Closing Date") and is subject to the receipt of applicable regulatory approvals including approval of the Toronto Stock Exchange.

The Common Shares will be offered in all provinces of Canada (except Quebec) by way of a short form prospectus.

This news release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent an exemption from the registration requirements of such Act.

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buritica gold project to production.

Additional details on the Buritica project and the rest of Continental''s suite of gold exploration properties are available at www.continentalgold.com.

Forward-Looking Statements

This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.
.
.
Contact:.
.
Continental Gold Limited
Nisha Hasan
Director, Investor Relations
+1.416.583.5611
info@continentalgold.com
www.continentalgold.com

Continental Gold Drills 65 Metres @ 10.4 g/t Gold and 9 g/t Silver in a Deep Step-Out Hole in Western Yaragua at Buritica, Colombia

http://finance.yahoo.com/news/continental-gold-drills-65-metres-113000074.html

Wall,

I don't own this pink shit. I own the shares traded on the TSX under the CNL symbol.

Anyway, stay out of trouble or don't get caught.


Zipper Jiggling............

well put.

Thnx buddy. I don't play with cyber paper. GLTY

As far as Obama.......as they say, the lesser of 2 evils won.

btw. keep an eye on this. I started buying at $6 and stopped at $8. so far so good. This company has real holdings and is primed for a buyout within the next 18 months or less.

Hey Wall. Congrats on the Obama stuff. Just checking in to see if you are ok. I hope you are.

There's gold in them there hills, lol. Hey Fade.

Thanks and Welcome!!!!

Fresh Releases - October 29, 2012
Victoria Gold V.VIT | Mawson Resources T.MAW | Continental Gold T.CNL
Kevin Michael Grace


Victoria reports Yukon Gold Assays up to 2.56 g/t over 10.1m


Continental reports Colombia Assays up to 23.7 g/t Gold, 184.9 g/t Silver over 29.1m

Mawson reports Finland Gold Grab Samples up to 2,817 g/t

Read the rest of these assay results and their press release summaries. http://resourceswire.com/2012/10/fresh-releases-11/

Continental Gold Drills 29.1 Metres at 23.7 g/t Gold and 185 g/t Silver at Buritica, Colombia

http://finance.yahoo.com/news/continental-gold-drills-29-1-103000297.html

Check this out!!!!

Good info on this company. This stock trades at better volume on the TSX as CNL.TO

http://kingworldnews.com/kingworldnews/Broadcast_Gold+/Entries/2012/10/16_Continental_Gold_Ltd._2012_Update_files/Continental%20Gold%202012%20Update.mp3

Continental Gold Provides an Exploration and Development Update for Its Buritica Project, Colombia
Press Release: Continental Gold Ltd. – Mon, Oct 22, 2012 6:30 AM EDT

TORONTO, ONTARIO--(Marketwire - Oct. 22, 2012) - Continental Gold Limited (CNL.TO)(CGOOF)("Continental" or the "Company") is pleased to provide a revised development plan, including the commencement of a Pre-Feasibility Study ("PFS"), and an exploration update for its 100%-owned Buriticá project located in Antioquia, Colombia.

Pre-Feasibility Study

The Company has made the decision to commence with a PFS, which will determine the mining and processing parameters and establish the associated capital expenditures and operating costs for Buriticá.

On October 1, 2012, the Company announced an updated mineral resource estimate prepared in accordance with National Instrument 43-101 ("NI 43-101"), consisting of Measured and Indicated mineral resources of 3,740,000 tonnes of mineralized material containing 1,640,000 ounces of gold grading 13.6 g/t gold, 4,600,000 ounces of silver grading 38 g/t silver, and 55,800,000 pounds of zinc grading 0.7% zinc. The Inferred mineral resource is 13,330,000 tonnes of mineralized material containing 3,760,000 ounces of gold grading 8.8 g/t gold, 14,200,000 ounces of silver grading 33 g/t silver and 156,500,000 pounds of zinc grading 0.5% zinc.

The Company's decision to commence a PFS is based on the larger than anticipated increase in the Measured and Indicated resources in the updated mineral resource estimate and as a result of the recent clarifications by the Canadian Securities Administrators governing expectations for preliminary economic assessments ("PEA"). The Company's PFS replaces the previously-announced plan to commence a PEA (see March 28, 2012 press release). The Company believes that, with the planned underground development, it will be able to significantly increase the number of Measured and Indicated ounces with aggressive underground drilling ahead of the study. The study is anticipated to be completed in the first half of 2014.

Development Update

On August 30, 2012, the Company received formal approval for the modification of its existing Environmental Impact Assessment from Corantioquia, the autonomous regional corporation responsible for issuing and controlling environmental permits in Antioquia, Colombia. The environmental permit amendment allows the Company to commence underground development and the construction of a six-kilometre switchback road originating from the existing paved road at Buriticá down into the Higabra valley. The development schedule remains on track with the following items:
•Construction of an approximately one-kilometre underground access tunnel measuring 4.5 metres x 5.0 metres in the Higabra Valley is expected to commence by late November 2012. Although this tunnel will eventually serve as the main access for all underground development by connecting with planned ramps at both the Yaraguá and Veta Sur vein deposits, the initial use will be for underground definition and vertical expansion drilling of the Yaraguá and Veta Sur vein deposits and exploration drilling of the La Mano and La Estera vein systems. Diamond drilling is expected to commence from this tunnel in Q2/Q3 2013 once 650 metres of development is completed and has crossed west of the Tonusco fault (Figure 1);


•Construction of an approximately three-kilometre ramp measuring 3.5 metres x 3.5 metres to access the Veta Sur vein deposit will commence in December 2012. The ramp entrance will start at a slightly higher altitude than the top of the deposit at approximately 1,700 metres above sea-level and will culminate at approximately 1,450 metres above sea-level. Infill diamond drilling from underground will commence from the ramp once 150 metres of development is complete. Subsequent drill-chambers are planned at 100 metre intervals as development continues to advance (Figure 2); and


•Construction of a six kilometre-long switchback road will commence during Q2 2013, connecting the existing main paved Buriticá road that traverses the project at higher elevations with the future infrastructure site in the Higabra Valley at approximately 1,000 metres above sea level.



"Mobilization of equipment and personnel into the Higabra Valley is underway with both jumbos required for each development already at site," commented Mark Moseley-Williams, President and COO. "Once some development has been completed, we will update our shareholders on anticipated advance rates and timelines."

Exploration Update (Figures 3 and 4)

The Company has generated multiple exploration targets through geophysics and systematic soil geochemistry surrounding the Yaraguá and Veta Sur vein deposits, within the greater Buriticá area. The Company intends to further explore the Yaraguá and Veta Sur vein deposits and conduct a first-pass diamond-drilling program on each of the additional targets. The following exploration program is scheduled for the next 12 months:
•On October 1, 2012, a Phase IV, minimum 100,000 metre diamond drilling program commenced with five surface and two underground drill-rigs. The Company expects its drill productivity to increase to 8,000 metres per month between November 2012 and March 2013, reflecting an increase of 2,000 metres per month over the average of the recently-completed Phase III drill program. At least one additional surface drill-rig and two additional underground drill-rigs will be added to the program by the end of Q1 2013, which will further increase the productivity rate to 10,000 metres per month.


•Multiple new drill-holes have been completed at the Yaraguá and Veta Sur vein deposits with an emphasis on drilling outside of the updated mineral resource estimate block model. Of potential significance are drill-holes BUSY278, which tested Veta Sur at depth, and BUSY291, which tested Veta Sur at modest depths and more importantly, the western portion of Yaraguá at greater depths. Both holes were completed using a high-power rig culminated at greater than 1,000 metres down-hole. Assay results from these and other holes into the Yaraguá and Veta Sur vein deposits are expected prior to the end of October 2012.


•Based on the initial positive diamond drill results for the La Estera and La Mano vein systems (see September 13, 2012 press release), three drill rigs were mobilized in late September in order to expedite productivity. Four new drill holes have been completed (BUSY319, BUSY322, BUSY325 and BUSY327) and each has visually intersected multiple veins. Three additional holes are currently underway (BUSY328, BUSY330 and BUSY331), with visual intersections of multiple veins in BUSY328 and BUSY331, while drill-hole BUSY330 has only just ensued and has not yet reached its initial target depth. Results will be released in a timely fashion with first assays expected towards the end of November 2012.


•A visual discovery of a potentially new vein system called San Agustin has been made in BUSY324. San Agustin is located approximately 200 metres NNW of the Yaraguá vein deposit. BUSY324 was drilled for over 1,200 metres and initially tested the outside western edge of the block model for the Yaraguá vein deposit. The hole then continued north and successfully intersected San Agustin veins laterally below significant artisanal workings at surface. Given the visual intersections of veins at over 1,000 metres down-hole, a second drill-hole (BUSY329) was immediately collared from the same pad and is currently underway. Results from BUSY324 are expected in late November 2012.


•Ground truthing continues on regional Buriticá targets and it is expected that initial drilling will begin in Q1 2013 on Pinguro, Guarco and Pajarito (Figure 4).



"Overall activity has picked up significantly in recent weeks and our team is elated about the tasks in front of them," commented Ari Sussman, CEO. "Drilling our new discoveries at La Estera and La Mano is truly exciting. We are going to be aggressive as possible to determine the potential of these targets, as well as additional targets in the greater Buriticá area."

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buriticá gold project to production.

In August 2012, Continental achieved an important milestone, receiving formal approval for the modification of its existing Environmental Impact Assessment. The amendment allows the Company to build a six-kilometre switchback road and begin underground development by constructing a one-kilometre access tunnel. With a goal of being the first modern-day gold producer in Colombia, Continental will commence the construction of the access tunnel in H2 2012, initially providing access for underground drilling and eventually used for commercial production. A Phase IV drill program is underway at the Buriticá project to further delineate the mineral resource and drill new target zones identified within its concessions.

Additional details on the Buriticá project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com.

The scientific and technical information contained in this press release has been reviewed and approved by Mark Moseley-Williams, President and Chief Operating Officer of the Company, who is a qualified person within the meaning of NI 43-101.

For additional technical information on the Buriticá project, please refer to the technical report entitled "Mineral Resource Estimate of the Buriticá Gold Project, Colombia" dated October 24, 2011, as amended November 23, 2011, available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com.

Forward-Looking Statements

This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward- looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Differences in Reporting of Resource Estimates

This press release was prepared in accordance with Canadian standards which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced in this press release are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in the United States. While the terms "mineral resource," "measured mineral resources," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute "reserves" by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this press release containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies.

To view the figures associated with this press release, please visit the following links:

Figure 1: http://media3.marketwire.com/docs/CNL1019figure1.pdf

Figure 2: http://media3.marketwire.com/docs/CNL1019figure2.pdf

Figure 3: http://file.marketwire.com/release/1019CNL_figure3.pdf

Figure 4: http://media3.marketwire.com/docs/1019CNL_figure4.pdf

Continental Gold Announces an Updated Mineral Resource Estimate for the Buritica Project, Colombia

http://finance.yahoo.com/news/continental-gold-announces-updated-mineral-103000476.html

This one has much better volume on the TSX. CNL.TO and it is doing well.

TORONTO, ONTARIO--(Marketwire - Sept. 17, 2012) - Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company") is pleased to announce that it has received gross proceeds of C$46.1 million through the exercise of the Company's TSX-listed warrants (CNL.WT) (the "Warrants") prior to their expiry on September 16, 2012.

A total of 6,145,764 Warrants were exercised for a total of 6,145,764 common shares of the Company, at an exercise price of C$7.50 per Warrant, representing 99.4% of the outstanding Warrants. All unexercised Warrants have expired and were delisted from the TSX on September 14, 2012.

"We are gratified by the level of support received from our shareholders as demonstrated by the successful exercise of our Warrants," commented Ari Sussman, CEO. We achieved a number of important milestones recently, including the amendment to our existing environmental permit and drilling new discoveries at the La Mano and La Estera systems. Our next key milestone is the updated mineral resource estimate, which remains on track for completion prior to month's end."

Continental Gold Drills a New High-Grade Gold and Silver Discovery Over 1,200 Vertical Metres at Buritica, Colombia

..


TORONTO, ONTARIO--(Marketwire - Sept. 13, 2012) - Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company") is pleased to announce the results of initial drilling and underground channel sampling of old workings in the La Estera and La Mano areas, new mineralized vein systems south of the Yaragua and Veta Sur deposits in the Company's 100%-owned Buritica project in Antioquia, Colombia.

Highlights

La Estera (Figures 1 and 2)

-- Drilling and underground channel sampling of old workings in the La Estera area has resulted in the discovery of up to three high-grade silver and gold vein systems (Northern, Central and Southern La Estera), located approximately between 100 and 300 metres to the south of the Veta Sur deposit.-- Drilling has intersected multiple intervals of vein mineralization exhibiting high silver-gold in the Southern La Estera vein system and high-grade gold in the Northern La Estera vein system, particularly at depth. Significant intercepts include: -- BUSY292 intersected -- 3.58 m @ 6.8 g/t Gold and 1,061 g/t Silver (28.0 g/t Gold equivalent) -- 1.3 m @ 11.1 g/t Gold and 121 g/t Silver (13.5 g/t Gold equivalent) -- 1.3 m @ 10.1 g/t Gold and 88 g/t Silver (11.9 g/t Gold equivalent) -- BUSY282 intersected -- 4.4 m @ 8.3 g/t Gold and 41 g/t Silver (9.1 g/t Gold equivalent) -- 2.0 m @ 10.6 g/t Gold and 8 g/t Silver (10.8 g/t Gold equivalent)-- The high-grade gold intercepts in BUSY282 are among the deepest obtained to date in all drilling at the Buritica project. These intercepts project vertically up to extensive shallow artisanal workings, suggesting vertical extents of precious metal mineralization of more than 1,200 metres in the Northern La Estera vein system. This target remains open along strike in all directions and at depth.-- Channel sampling of shallow historical workings at La Estera has encountered high-grade silver-gold veins: -- 6.2 g/t Gold and 362 g/t Silver (13.4 g/t Gold equivalent) over an average width of 1 m, including 27.5 g/t Gold and 1,581 g/t Silver (59.1 g/t Gold equivalent) over 0.2 m, along 22 metres -- 6.8 g/t Gold and 454 g/t Silver (15.9 g/t Gold equivalent) over an average width of 1.2 m, including 41 g/t Gold and 2,747 g/t Silver (95.9 g/t Gold equivalent) over 0.2 m, along 10 metres -- The high-grade silver and gold intercepts in BUSY292 are up to 120 metres along strike and up to 400 metres deeper than historical workings in the Central La Estera vein system. This system remains open along strike and at depth. -- The distribution of silver and gold soil geochemical anomalies and artisanal workings suggest that both the Southern, Central and Northern La Estera vein systems may have substantial lateral extents.

La Mano (Figure 1)

-- Located approximately 300 to 400 metres south of the Yaragua deposit, the first drilling in Southern La Mano has also intersected multiple intervals of vein mineralization exhibiting both high and moderate gold- silver. Significant intercepts under extensive soil geochemical anomalies include: -- 1.0 m @ 9.1 g/t Gold and 1 g/t Silver (BUSY263) -- 1.65 m @ 6.6 g/t Gold and 9 g/t Silver (BUSY263) -- 0.42 m @ 11.3 g/t Gold and 187 g/t Silver (BUSY269) -- 0.4 m @ 10.1 g/t Gold and 153 g/t Silver (BUSY276)-- Additional drilling and surface sampling of the La Mano and La Estera systems is underway and will confirm, among other things, if the Northern La Estera and the Southern La Mano systems are contiguous and continuous over 1,000 metres of potential strike length as satellite imagery and mapping seemingly indicates.

"Our team continues to be successful in unlocking value at Buritica and they should be congratulated for their efforts," commented Ari Sussman, CEO. "We continue to take an aggressive exploration and development stance, which, in this instance, resulted in new discoveries at La Mano and at La Estera with over 1,200 metres of vertical potential already outlined. Shortly after the announcement of our updated mineral resource estimate, which remains on track for completion prior to month's end, we plan to announce a revised exploration and development plan for Buritica, which will include aggressive drilling of the La Estera and La Mano systems."

Details

Continental's 100%-owned 28,920-hectare project, Buritica, contains several known areas of high-grade gold and silver mineralization, of base metal carbonate-style ("Stage I") variably overprinted by texturally and chemically distinctive high-grade ("Stage II") mineralization. The two most extensively explored of these areas (the Yaragua and Veta Sur systems) are central to this land package. The Yaragua system has been drill-outlined along 900 metres of strike and 1,300 vertical metres, and partially sampled in underground developments. The Veta Sur system has been drill intersected along 570 metres of strike and 1,180 vertical metres. Both systems are characterized by multiple, steeply-dipping veins and broader, more disseminated, mineralization and both remain open at depth and along strike, at high grades. See "About Continental Gold" (below) for a precis of the maiden mineral resource estimate for Buritica. This release examines new precious metal discoveries in the La Estera and La Mano areas, located to the south of Veta Sur and Yaragua, respectively.

La Estera

Significant drill intercepts in the La Estera system are tabulated below in Table I and are referenced in Figures 1 and 2.

Table I: Drilling Highlights - La Estera ---------------------------------------------------------------------------- From To Interval(i) Gold Silver Zinc ElevationDrill-hole (m) (m) (m) (g/t) (g/t) (%) (m)----------------------------------------------------------------------------BUSY065(ii) 17.85 19.50 1.65 0.02 51.0 0.03 1896 28.50 34.50 6.00 0.02 56.3 0.02 1888 37.50 39.00 1.50 0.87 146.0 2.55 1881 40.50 46.10 5.60 0.01 61.0 0.02 1878 54.00 60.00 6.00 0.02 43.5 0.06 1866 115.50 131.70 11.90 0.02 76.4 0.05 1813BUSY135(ii) 34.50 35.80 1.30 0.01 139.0 0.13 1892 41.00 42.30 1.30 0.02 34.0 0.04 1886 58.50 60.90 2.40 0.01 156.0 0.03 1871BUSY282 0.00 1.00 1.00 0.23 88.0 0.51 1913 233.90 235.00 1.10 1.32 329.0 1.77 1695 301.80 302.10 0.30 3.49 5.0 0.11 1631 330.10 330.40 0.30 7.83 6.6 0.08 1604 467.90 469.40 1.50 0.99 36.5 2.67 1475 520.35 521.40 1.05 1.99 217.2 3.88 1425 584.60 586.10 1.50 1.61 12.4 1.00 1365 1154.60 1159.00 4.40 8.25 41.0 0.25 832incl. 1155.60 1156.55 0.95 32.30 154.4 1.06 831 1254.50 1255.00 0.50 5.96 24.0 0.01 739 1358.00 1359.00 1.00 5.00 5.3 0.01 641 1378.00 1379.00 1.00 7.18 8.3 0.01 623 1381.00 1383.00 2.00 10.62 8.1 0.00 620BUSY292 210.40 210.88 0.48 1.10 82.3 0.06 1714 247.97 248.27 0.30 1.16 381.0 0.32 1679 276.87 280.45 3.58 6.76 1060.5 2.55 1651incl. 276.87 277.21 0.34 6.32 2480.0 2.58 1651 279.70 280.10 0.40 6.25 2060.0 6.91 1648 296.00 300.17 4.17 2.35 33.2 0.39 1633 339.50 339.80 0.30 9.66 8.7 0.20 1591 364.50 365.79 1.29 3.97 15.2 0.25 1567 436.20 437.30 1.10 3.15 69.5 1.14 1499 532.00 533.20 1.20 0.40 268.0 0.47 1407 567.19 577.91 10.72 3.80 55.6 1.03 1373incl 568.20 569.50 1.30 11.11 121.1 0.60 1372 571.10 572.40 1.30 10.14 88.0 2.06 1370 593.85 594.25 0.40 4.53 54.3 4.02 1348 1033.64 1034.60 0.96 1.00 5.8 0.20 927BUSY305 249.97 250.50 0.53 2.85 7.4 0.00 1681 274.19 276.47 2.28 1.84 69.9 0.68 1658 301.50 302.62 1.12 3.57 37.5 0.71 1632 337.78 338.79 1.01 2.84 5.2 0.09 1598 362.20 363.00 0.80 0.11 38.2 0.05 1575 534.45 534.80 0.35 1.33 4.8 0.07 1414 633.40 633.83 0.43 3.78 26.7 1.69 1322 671.75 672.10 0.35 1.71 6.3 0.74 1286 883.95 886.30 2.35 2.00 8.2 0.98 1090 1305.20 1305.60 0.40 1.64 2.7 0.01 705----------------------------------------------------------------------------(i) Intercepts calculated at 1 g/t gold and 30 g/t silver cut-off grades with up to 20% internal dilution and generally tabulated if greater than 10 gram x metres gold equivalent. True widths not accurately known but generally are between 30% and actual true width of the down-hole interval. (ii) Drill-holes previously released and never reached target depths due to drill limitations, significant intervals are recalculated herein.

Drilling in La Estera targeted soil and rock chip geochemical anomalies. All three drill-holes intersected multiple gold and silver-mineralized intervals which included high-grade intercepts through extensive vertical and horizontal ranges. The related families of veins lie 100 to 300 metres to the south of the Veta Sur deposit and are geochemically distinct from the latter.

Up to down-hole depths of around 500 metres (RL's from 1,900 m to 1,400 m), drill-holes BUSY282, BUSY292 and BUSY305 each intersected multiple vein sets with moderate to high silver-gold (Table I, Figure 2). BUSY065, drilled on a more westerly azimuth, also intersected very high silver-gold veins at high RL's and shallow depths (Table I, Figure 2). Artisanal workings above and to the east and west of these drill intercepts are consistent with extensions of the Southern La Estera vein system outside of the drilling area.

Channel sampling shallow underground historical workings at La Estera (further north of the most southerly veins) encountered high silver and gold grades with numerous samples assaying more than 1,000 g/t Silver. Continuous sampling intervals include:

-- 6.2 g/t Gold and 362 g/t Silver (13.4 g/t Gold equivalent) over an average width of 1 m, including 27.5 g/t Gold and 1,581 g/t Silver (59.1 g/t Gold equivalent) over 0.2 m, along 22 metres (RL 1,787 m)-- 6.8 g/t Gold and 454 g/t Silver (15.9 g/t Gold equivalent) over an average width of 1.2 m, including 41 g/t Gold and 2,747 g/t Silver (95.9 g/t Gold equivalent) over 0.2 m, along 10 metres (RL 1,778 m)

The silver-rich intercept in BUSY292 from 276.87 m (RL 1,651 m), 3.58 m @ 6.8 g/t Gold, 1,061 g/t Silver (28.0 g/t Gold equivalent) and 2.6 % Zinc (including 0.34 m @ 6.3 g/t Gold, 2,480 g/t Silver (55.9 g/t Gold equivalent) and 0.4 m @ 6.3 g/t Gold and 2,060 g/t Silver (47.5 g/t Gold equivalent)) lies further west of and 130 metres deeper than the La Estera underground historical workings. A 300-metre deeper gold-rich intercept in BUSY292, from 567.19 metres (RL 1,373 metres) yielding 10.72 m @ 3.8 g/t Gold and 56 g/t Silver (4.92 g/t Gold equivalent), including 1.3 m @ 11.1 g/t Gold, 121 g/t Silver (13.5 g/t Gold equivalent) and 1.3 m @ 10.1 g/t Gold, 88 g/t Silver (11.9 g/t Gold equivalent) may also be correlated with the Central La Estera vein system. These drill intercepts and the near surface sampling are consistent with a vertically-extensive Central La Estera vein system and more than 120 metres of lateral strike. The Central La Estera vein system remains open along strike and at depth. Gold and silver soil geochemical anomalies and artisanal workings potentially relating to this vein system extend along strike for over 1,000 metres to the east-southeast of the Central La Estera vein system (Figure 1).

More than 200 metres further north of the Central La Estera vein system, BUSY282 had several high-grade gold intercepts, with both high and low base metal contents, but geochemically distinct for the Veta Sur system, 100 metres to the north. These intersections are among the deepest obtained to date in drilling at the Buritica project and include:

-- from 1,154.6 m (RL 832 m), 4.4 m @ 8.3 g/t Gold and 41 g/t Silver (9.1 g/t Gold equivalent), including 0.95 m @ 32.3 g/t Gold and 154 g/t Silver (35.4 g/t Gold equivalent) -- from 1,381 m (RL 620 m), 2.0 m @ 10.6 g/t Gold and 8 g/t Silver (10.8 g/t Gold equivalent)

The BUSY282 intercepts project vertically to extensive shallow artisanal workings suggesting vertical extents of precious metal mineralization of more than 1,200 metres in the Northern La Estera vein system and remains open along strike and at depth (Figure 2). Surface sampling and results from BUSY135 (Table I) are consistent with high silver-gold for the shallow, high elevation mineralization at the Northern La Estera vein system. The distribution of artisanal workings and soil precious metal anomalies in the Northern La Estera vein system (Figure 1) may indicate this system has substantial untested lateral strike extent.

La Mano

Significant new drill intercepts in the Southern La Mano area are listed below in Table II and are referenced in Figure 1.

Table II: Drilling Highlights - La Mano ---------------------------------------------------------------------------- From To Interval Gold Silver Zinc ElevationDrill-hole (m) (m) (m) (g/t) (g/t) (%) (m)----------------------------------------------------------------------------BUSY243 7.00 11.00 4.00 1.73 28.8 0.14 1463 350.50 351.20 0.70 0.02 139.0 0.06 1156BUSY263 15.00 18.00 3.00 2.38 58.0 0.32 1454 33.22 34.50 1.28 3.47 3.4 0.07 1436 64.50 65.50 1.00 0.37 86.0 0.06 1405 80.50 81.00 0.50 2.32 102.0 0.22 1390 148.90 150.10 1.20 1.76 34.0 0.03 1322 235.00 236.00 1.00 9.10 1.4 0.01 1237 248.30 249.95 1.65 6.62 9.4 0.01 1224 269.56 271.00 1.44 4.86 8.9 0.01 1202 282.35 283.50 1.15 4.47 0.4 0.01 1190BUSY269 12.30 13.50 1.20 7.60 17.0 0.21 1458 55.00 55.30 0.30 3.77 1.7 0.15 1420 57.60 58.35 0.75 1.14 5.6 0.25 1417 132.60 133.50 0.90 1.13 21.0 0.05 1350 190.75 191.17 0.42 11.25 187.0 2.83 1299 211.40 211.80 0.40 6.74 18.0 2.07 1280 227.70 228.50 0.80 2.34 7.0 0.53 1266 238.00 238.30 0.30 6.29 8.5 0.59 1256 325.95 326.40 0.45 3.68 11.0 0.26 1178 362.35 371.50 9.15 1.51 12.6 0.12 1145incl. 370.50 371.50 1.00 3.77 42.0 0.49 1138 379.10 379.80 0.70 2.13 2.0 1.33 1130 414.95 415.95 1.00 2.28 3.7 0.25 1099 523.37 524.00 0.63 1.93 14.0 0.01 1002BUSY276 29.80 30.20 0.40 10.10 153.0 0.10 1444 84.45 85.50 1.05 3.01 4.0 0.09 1398 118.00 119.10 1.10 1.99 1.3 0.01 1369----------------------------------------------------------------------------(i) Intercepts calculated at 1 g/t gold and 30 g/t silver cut-off grades with up to 20% internal dilution. True widths not accurately known but generally are between 30% and actual true width of the down-hole interval. (ii) Drill-holes previously released and never reached target depths due to drill limitations, significant intervals are recalculated herein.

The first drilling in Southern La Mano, 300 to 400 metres south of the Yaragua deposit, targeted extensive precious and base metal soil anomalies. All four drill-holes intersected multiple intervals of vein mineralization within broad, lower grade envelopes, exhibiting both high and moderate gold-silver.

BUSY263 examined a limited area, but encountered mineralization over an elevation range of 250 metres. Most significant intercepts in this drill-hole are 1.0 m @ 9.1 g/t Gold and 1 g/t Silver from 235 m down-hole and 1.65 m @ 6.6 g/t Gold and 9 g/t Silver from 248.3 m down-hole.

BUSY269, drilled more across strike, encountered numerous veins over a 450 metre range of vertical elevations, with a best intercept of 0.42 m @ 11.3 g/t Gold, 187 g/t Silver and 2.8 % Zinc starting at 190.75 m down-hole.

BUSY276 intersected vein mineralization including 0.4 m @ 10.1 g/t Gold and 153 g/t Silver at 29.8 m down-hole, before being abandoned short of its target.

BUSY243 was drilled to the north and intersected silver-gold mineralization down to elevations of 1,150 m, south of the southern-most Yaragua vein families.

The distribution of soil precious anomalies and artisanal workings in the Southern La Mano area (Figure 1) indicates that the La Mano mineralization is more laterally extensive than drilled to date and may prove to be contiguous with the Northern La Estera mineralization.

Ongoing drilling and surface sampling is testing the continuity of both the La Mano and La Estera systems, in particular to clarify if the Northern La Estera and Southern La Mano systems are contiguous and continuous over 1,000 metres of potential lateral extent.

Technical Information

Vic Wall, PhD, special advisor to the Company and a qualified person for the purpose of NI 43-101, has prepared or supervised the preparation of, or approved, as applicable, the technical information contained in this press release. Dr. Wall is a geologist with 35 years' experience in the minerals mining, consulting, exploration and research industries. Following a career in Australian and North American academes, he held senior positions in a number of multinational major and junior minerals companies. A Fellow of the Australian Institute of Geoscientists, Dr. Wall is Principal of Vic Wall & Associates, a Brisbane-based consultancy that provides geoscientific services to mineral companies and government agencies, worldwide.

The Company utilizes a rigorous, industry-standard QA/QC program. Core is sawn in half with one-half shipped to a sample preparation lab in Medellin run by ALS Colombia Limited ("ALS") in Colombia. Samples are then shipped for analysis to an ALS-certified assay laboratory in Lima, Peru. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically check assayed at ACME Analytical Laboratories in Vancouver, British Columbia and/or Inspectorate America Corp. in Reno, Nevada.

The Company does not receive assay results for drill-holes in sequential order; however, all significant assay results are publicly-reported. A complete listing of assay results to date for the Yaragua and Veta Sur Systems is available on the Company's website at www.continentalgold.com.

Gold equivalent grade is calculated by dividing silver grades by 50 and adding this figure to the gold grade, assuming 100% metallurgical recovery.

For additional technical information on the Buritica project, please refer to the Company's technical report (the "Technical Report") entitled "Mineral Resource Estimate of the Buritica Gold Project, Colombia" dated October 24, 2011 as amended November 23, 2011, prepared by Andrew J Vigar, BAppSc Geo, FAusIMM, MSEG, and Martin Recklies, BAppSC Geo, MAIG, each of Mining Associates Pty Limited, available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com.

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buritica gold project to production. A maiden mineral resource estimate for the Buritica project prepared in accordance with NI 43-101 covers two major vein systems, with combined measured and indicated mineral resources of 1,110,000 tonnes of mineralized material containing 630,000 ounces of gold grading 17.8 g/t gold, 1,500,000 ounces of silver grading 42 g/t silver, and 18,700,000 pounds of zinc grading 0.8% zinc. The inferred mineral resource is 6,900,000 tonnes of mineralized material containing 2,500,000 ounces of gold grading 11.4 g/t gold, 9,500,000 ounces of silver grading 43 g/t silver and 88,000,000 pounds of zinc grading 0.6% zinc. For additional technical information on the Buritica project, please refer to the Technical Report.

In August 2012, Continental achieved an important milestone, receiving formal approval for the modification of its existing Environmental Impact Assessment. The amendment allows the Company to build a six-kilometre switchback road and begin underground development by constructing a one-kilometre access tunnel. With a goal of being the first modern-day gold producer in Colombia, Continental will commence the construction of the access tunnel in H2 2012, initially providing access for underground drilling and eventually used for commercial production. A Phase III drill program is underway at the Buritica project to further delineate the resource and drill new target zones identified within its concessions.

Additional details on the Buritica project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com.

Forward-Looking Statements

This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, exploration and mine development plans, timing of the commencement of operations and is based on current expectations that involve a number of business risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Differences in Reporting of Resource Estimates

This press release was prepared in accordance with Canadian standards which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced in this press release are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in the United States. While the terms "mineral resource," "measured mineral resources," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute "reserves" by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this press release containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies.

To view "Figure 1 - Plan view of drilling highlights, near surface sampling and artisanal workings on LIDAR topographic base", please visit the following link: http://media3.marketwire.com/docs/cnl_f1_913.pdf

To view "Figure 2 - North-South section showing drilling highlights, near surface sampling and artisanal workings", please visit the following link: http://media3.marketwire.com/docs/cnl_f2_913.pdf
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Contact:.
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Nisha Hasan
Continental Gold Limited
Director, Investor Relations
+1.416.583.5611
info@continentalgold.com
www.continentalgold.com

Continental Gold TSX-Listed Warrants Delisting on September 14, 2012

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TORONTO, ONTARIO--(Marketwire - Sept. 12, 2012) - Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company") would like to remind holders of the Company's TSX-listed warrants (CNL-WT.TO) (the "Warrants") that the Warrants are set to expire at 5:00 p.m. (Toronto time) on September 16, 2012; however, since such date occurs on a weekend, any exercises of Warrants must be effected by 5:00 p.m. (Toronto time) on September 14, 2012. The Warrants will be delisted at the close of the TSX on September 14, 2012.

Currently, there are 5,694,000 Warrants outstanding at an exercise price of $7.50 per Warrant. Assuming all Warrants are exercised, net proceeds to the Company would be $42.7 million.

How to Exercise Warrants

Warrant holders who wish to exercise their Warrants should instruct their investment advisor to effect an "immediate exercise". Once our warrant agent, Olympia Transfer Services Inc., receives payment and the required documentation, the Warrants will be cancelled and the warrant holder will receive Continental common shares.

Investors should consult with their investment advisor to confirm the time required to complete this process and other costs associated with the exercise, if any.

Warrant holders who hold a physical certificate wishing to exercise Warrants are required to provide Olympia Transfer Services Inc. with a certified cheque, bank draft or money order payable to Continental Gold Limited, as well as the warrant certificate with the subscription form on reverse completed.

For assistance, contact Olympia Transfer Services Inc. directly at 1-416-364-8081.

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buritica gold project to production. A maiden mineral resource estimate for the Buritica project prepared in accordance with NI 43-101 covers two major vein systems, with combined measured and indicated mineral resources of 1,110,000 tonnes of mineralized material containing 630,000 ounces of gold grading 17.8 g/t gold, 1,500,000 ounces of silver grading 42 g/t silver, and 18,700,000 pounds of zinc grading 0.8% zinc. The inferred mineral resource is 6,900,000 tonnes of mineralized material containing 2,500,000 ounces of gold grading 11.4 g/t gold, 9,500,000 ounces of silver grading 43 g/t silver and 88,000,000 pounds of zinc grading 0.6% zinc. For additional technical information on the Buritica project, please refer to the technical report entitled "Mineral Resource Estimate of the Buritica Gold Project, Colombia" dated October 24, 2011, as amended November 23, 2011, available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com. The scientific and technical information contained in this press release has been reviewed and approved by Mark Moseley-Williams, President and Chief Operating Officer of the Company, who is a qualified person within the meaning of NI 43-101.

In August 2012, Continental achieved an important milestone, receiving formal approval for the modification of its existing Environmental Impact Assessment. The amendment allows the Company to build a six-kilometre switchback road and begin underground development by constructing a one-kilometre access tunnel. With a goal of being the first modern-day gold producer in Colombia, Continental will commence the construction of the access tunnel in H2 2012, initially providing access for underground drilling and eventually used for commercial production. A Phase III drill program is underway at the Buritica project to further delineate the resource and drill new target zones identified within its concessions.

Additional details on the Buritica project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com.

Forward-Looking Statements

This press release contains or refers to forward-looking information, including statements regarding the estimation of mineral resources, exploration results and potential mineralization, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Differences in Reporting of Mineral Resource Estimates

This press release was prepared in accordance with Canadian standards which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced in this press release are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in the United States. While the terms "mineral resource," "measured mineral resources," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute "reserves" by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this press release containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies.
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Contact:.
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Nisha Hasan
Continental Gold Limited
Director, Investor Relations
+1.416.583.5611
info@continentalgold.com
www.continentalgold.com

...

TORONTO, ONTARIO--(Marketwire - Sept. 7, 2012) - Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company") would like to remind holders of Continental common share purchase warrants trading on the Toronto Stock Exchange under the symbol CNL.WT (the "Warrants") that the Warrants are set to expire at 5:00 p.m. (Toronto time) on September 16, 2012; however, since such date occurs on a weekend, any exercises of Warrants must be effected on or prior to September 14, 2012. Any Warrants remaining unexercised after the expiration deadline will be cancelled, delisted, and will thereafter be of no force or effect.

Currently, there are 5,694,000 Warrants outstanding at an exercise price of $7.50 per Warrant. Assuming all Warrants are exercised, net proceeds to the Company would be $42.7 million.

How to Exercise Warrants

Warrant holders who wish to exercise their Warrants should instruct their investment advisor to effect an "immediate exercise". Once our transfer agent, Olympia Transfer Services Inc., receives payment and the required documentation, the Warrants will be cancelled and the warrant holder will receive Continental common shares.

Investors should consult with their investment advisor to confirm the time required to complete this process and other costs associated with the exercise, if any.

Warrant holders who hold a physical certificate wishing to exercise Warrants are required to provide Olympia Transfer Services Inc. with a certified cheque, bank draft or money order payable to Continental Gold Limited, as well as the warrant certificate with the subscription form on reverse completed.

For assistance, contact Olympia Transfer Services Inc. directly at 1-416-364-8081.

Other Updates

The Company has recently completed an animation video that describes the Buritica project and the proposed future development which is now available on the Company's website at www.continentalgold.com.

Furthermore, Ari Sussman, Chief Executive Officer, will be speaking at the 2012 Denver Gold Forum in Denver, Colorado, USA on Monday, September 10, 2012. The presentation will begin at approximately 9:00 A.M. MDT. A copy of the corporate presentation is available on the Company's website at www.continentalgold.com.

Continental Gold Samples 75.2 g/t Gold and 405 g/t Silver Over 1.45 Metres True Width Along 57 Metres and Announces Drilling Results for the Yaragua and Veta Sur Systems at the Buritica Project

http://finance.yahoo.com/news/continental-gold-samples-75-2-103000979.html

Continental Gold Receives an Environment Permit to Begin Construction of an Underground Tunnel and Road at Its Buritica Project

TORONTO, ONTARIO--(Marketwire -08/30/12)- Continental Gold Limited (CNL.TO)(CGOOF) ("Continental" or the "Company") is pleased to announce that it has received formal approval for the modification of its existing Environmental Impact Assessment. The modification approval was received from Corantioquia, the autonomous regional corporation responsible for issuing and controlling environmental permits in Antioquia, Colombia.

The environmental permit amendment allows the Company to build a six-kilometre switchback road originating from the existing paved road at Buritica down into the Higabra valley, the future site of planned mining and milling operations at the Buritica project. Additionally, the permit amendment allows the Company to begin underground development in the Higabra valley by constructing a one-kilometre access tunnel measuring 5 metres x 4.5 metres. The tunnel, which will eventually serve as the main access for all underground development, will initially provide the Company with much-needed underground drilling access in order to infill drill existing mineral resources categorized in accordance with National Instrument 43-101 ("NI 43-101") for the Yaragua and Veta Sur systems. As well, the Company will embark on an aggressive exploration drill program to confirm and expand upon the limited deep-drilling results received to date at Yaragua (BUSY258, 4.5 metres @ 20.3 g/t Gold and 102 g/t Silver) and Veta Sur (BUSY221, 10.2 metres @ 83.8 g/t Gold and 285 g/t Silver) with the aim of adding to the existing mineral resource estimate categorized in accordance with NI 43-101.

The Company intends to immediately begin mobilizing contractors and expects to commence construction of the road and access tunnel in the fourth quarter of 2012. With this first amendment successfully completed, the Company anticipates filing a second amendment to its existing Environmental Impact Assessment in the second quarter of 2013, which is expected to encompass the remaining infrastructure required to build a mine at Buritica.

"The environmental permit amendment is a major milestone for Continental and an important first step in what we anticipate will be a straight-forward permitting process towards production," commented Ari Sussman, CEO. "Although this tunnel will eventually serve as the main access level for an underground mine at the Buritica project, the short term excitement will be the access provided for underground drilling to grow the resource base of the project at depth. On behalf of Continental and all of its shareholders, I would like to thank Corantioquia for the efficient and professional manner in which they handled this process, and the local communities for the unwavering support for the project."

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buritica gold project to production. A maiden mineral resource estimate classified in accordance with NI 43-101 for its Buritica project covers two major vein systems, with combined measured and indicated mineral resources of 1,110,000 tonnes of mineralized material containing 630,000 ounces of gold grading 17.8 g/t gold, 1,500,000 ounces of silver grading 42 g/t silver, and 18,700,000 pounds of zinc grading 0.8% zinc. The inferred mineral resource is 6,900,000 tonnes of mineralized material containing 2,500,000 ounces of gold grading 11.4 g/t gold, 9,500,000 ounces of silver grading 43 g/t silver and 88,000,000 pounds of zinc grading 0.6% zinc. For additional technical information on the Buritica project, please refer to the Company's technical report entitled "Mineral Resource Estimate of the Buritica Gold Project, Colombia" dated October 24, 2011, as amended November 23, 2011, prepared by Andrew J Vigar, BAppSc Geo, FAusIMM, MSEG, and Martin Recklies, BAppSC Geo, MAIG, each of Mining Associates Pty Limited, available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com. Additional details on the Buritica project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com. The scientific and technical information contained in this press release has been reviewed and approved by Mark Moseley-Williams, President and Chief Operating Officer of the Company, who is a qualified person within the meaning of NI 43-101.

Forward-looking Statements

This press release contains or refers to forward-looking information, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Differences in Reporting of Resource Estimates

This press release was prepared in accordance with Canadian standards which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced in this press release are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in the United States. While the terms "mineral resource," "measured mineral resources," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute "reserves" by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this press release containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies.

This one is gaining momentum and is more stable in price now. I am adding it on the TSX. No volume on the OTCx

Keep thinking that. You are an arrogant one aren't you?

I love jacking with a "genius's" mind. You make this more entertaining than you will ever know.

You take yourself a bit too seriously. I am guessing you also think you should be running the company you work for instead of punching the clock. I know a lot of guys like you. If you were so smart you would be retired on an island somewhere NOT spending time on some stupid political board insulting conservatives and lapping up the admiration of welfare and food stamp recipients.

Anyway. Why not try to have some fun instead of being such a know it all>?