Continental Resources Group, Inc.(fka CRGC)

[Tommy]

Pershing Gold Announces Divestiture of Uranium Properties to American Strategic Minerals Corporation

http://ir.stockpr.com/pershinggold/company-news/detail/313

In January 2012 Pershing and Amicor entered into an Option Agreement under which Amicor acquired the option to purchase Pershing's uranium properties. As consideration for the option, Pershing received a $1,000,000.00 non- interest-bearing promissory note, ($930,000.00 of which has been repaid), and 10 million shares of Amicor common stock, of which Pershing has sold 820,000. Amicor exercised its option to acquire the uranium properties and paid the $10.00 exercise price. With the completion of this transaction on June 11, 2012, Pershing has divested all of its uranium assets. Pershing continues to hold 9,180,000 shares in Amicor.

Steve Alfers, Executive Chairman and CEO of Pershing Gold, said, "By completing the Amicor transaction, Pershing Gold can now place all of its attention on gold exploration and development in Nevada."