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Marketwired
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Continental Gold Step-Out Drilling Hits 2.2 metres @ 2,615 g/t Gold and 388 g/t Silver at Veta Sur and Significantly Extends the Laurel System at Buritica, Colombia

TORONTO, ONTARIO -- (Marketwired) -- 07/09/14 -- Editors note: There are three graphics associated with this press release.

Continental Gold Limited (TSX: CNL)(OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce results for 17 diamond drill-holes in the Veta Sur, Laurel and Yaragua vein systems at the Company's 100%-owned Buritica project in Antioquia, Colombia. Drilling continues throughout 2014 with the goal of upgrading Inferred resources into the Measured and Indicated categories under National Instrument 43-101 ("NI 43-101") guidelines, and delivering overall robust mineral resource growth.

Highlights (referenced in Figures 1, 2 and 3)

--  Drilling was successful in extending and infilling the central and
    northeastern areas of the Veta Sur vein system through a broad range of
    elevations. Northeast extensions of the Laurel vein system (south of
    Veta Sur) were intersected in nine drill-holes. Extensions to, and
    infill of, the western Yaragua system were also achieved. Drilling
    includes the Company's first six directionally-drilled holes, increasing
    the productivity and reducing the costs of the mineral resource
    delineation program at Buritica.

Veta Sur Vein System

--  Through a 250-metre strike length of central and northeastern Veta Sur,
    drill-holes intersected multiple veins outside of the current Veta Sur
    mineral resource envelope. Significant intercepts were made over a 1,200
    metres vertical extent, mostly below this envelope, and include:
    --  1.18 metres @ 14.4 g/t gold and 49 g/t silver (BUSY361D, elevation
        of 1,255 metres);
    --  2.5 metres @ 18.9 g/t gold and 24 g/t silver (BUSY361D, elevation of
        1,130 metres);
    --  0.3 metres @ 231 g/t gold and 81 g/t silver (BUSY362, elevation of
        1,115 metres);
    --  0.6 metres @ 29.4 g/t gold and 16 g/t silver (BUSY364, elevation of
        1,707 metres);
    --  1.04 metres @ 19.2 g/t gold and 7 g/t silver (BUSY364, elevation of
        1,536 metres);
    --  0.5 metres @ 331 g/t gold and 93 g/t silver (BUSY364, elevation of
        1,525 metres);
    --  1.1 metres @ 9.4 g/t gold and 384 g/t silver (BUSY366D, elevation of
        1,219 metres);
    --  0.5 metres @ 26.2 g/t gold and 28 g/t silver (BUSY367D01, elevation
        of 1,045 metres); and
    --  2.4 metres @ 16.1 g/t gold and 140 g/t silver (BUSY367D01, elevation
        of 528 metres).

--  The Veta Sur vein system remains open at depth below the deeper
    intercepts noted above. Although some of these intercepts are among the
    deepest yet encountered in Veta Sur, they lie in an elevation range
    potentially developable from proposed underground infrastructure.
--  In addition, step-out drilling intercepted high-grade gold and silver at
    elevations above the current mineral resource estimate, and include:
    --  4.0 metres @ 218.7 g/t gold and 25 g/t silver (BUSY363, elevation of
        1,629 metres);
    --  0.6 metres @ 42.6 g/t gold and 8 g/t silver (BUUY270, elevation of
        1,582 metres); and
    --  2.2 metres @ 2,615.4 g/t gold and 388 g/t silver (BUUY270, end of
        hole, elevation of 1,617 metres).

--  In central and northeastern Veta Sur, drilling through most of the vein
    families commonly encountered vein grades X thicknesses through a broad
    range of elevations that are significantly above those expected from the
    current mineral resource block model. Related intercepts and veins
    include:
    --  1.45 metres @ 69 g/t gold and 551 g/t silver (BUSY361D01, V31,
        elevation of 917 metres);
    --  4.3 metres @ 11.5 g/t gold and 31 g/t silver, including 1.9 metres @
        23.7 g/t gold and 64 g/t silver (BUSY361D02, V31, elevation of 794
        metres);
    --  5.1 metres @ 7.9 g/t gold and 27 g/t silver, including 1.4 metres @
        13.8 g/t gold and 58 g/t silver (BUSY361D03, V34, elevation of 871
        metres);
    --  0.55 metres @ 1.1 g/t gold and 466 g/t silver (BUSY363, V110,
        elevation of 1,618 metres);
    --  2.35 metres @ 6.5 g/t gold and 22 g/t silver, including 1.1 metres @
        11.8 g/t gold and 34 g/t silver (BUSY363, V43, elevation of 1,553
        metres);
    --  2.4 metres @ 12.8 g/t gold and 55 g/t silver, including 1.0 metres @
        19.5 g/t gold and 120 g/t silver (BUSY364, V39, elevation of 1,193
        metres);
    --  0.5 metres @ 26.7 g/t gold and 73 g/t silver (BUSY364, V31,
        elevation of 1,161 metres);
    --  1.0 metres @ 19.3 g/t gold and 17 g/t silver (BUSY367D01, elevation
        of 696 metres);
    --  7.45 metres @ 40 g/t gold and 170 g/t silver, including 2.85 metres
        @ 99.8 g/t gold and 406 g/t silver (BUUY208, V51, elevation of 1,677
        metres);
    --  0.55 metres @ 21.9 g/t gold and 8 g/t silver (BUUY208, V31,
        elevation of 1,616 metres);
    --  0.5 metres @ 1.4 g/t gold and 1,280 g/t silver (BUUY208, V20,
        elevation of 1,548 metres);
    --  13.45 metres @ 8 g/t gold and 25 g/t silver, including 2.05 metres @
        30.5 g/t gold and 100 g/t silver (BUUY249D02, V34, elevation of 728
        metres);
    --  0.87 metres @ 56.5 g/t gold and 669 g/t silver (BUUY273, V43,
        elevation of 1,567 metres);
    --  8.2 metres @ 5.1 g/t gold and 20 g/t silver, including 2.45 metres @
        12.5 g/t gold and 54 g/t silver (BUUY273, V48, elevation of 1,572
        metres);
    --  1.0 metres @ 1.7 g/t gold and 617 g/t silver (BUUY273, V51,
        elevation of 1,576 metres);
    --  1.0 metres @ 15.7 g/t gold and 217 g/t silver (BUUY273, V70,
        elevation of 1,622 metres); and
    --  0.5 metres @ 1.5 g/t gold and 924 g/t silver (BUUY273, V75,
        elevation of 1,628 metres).

Laurel Vein System

--  The Laurel vein system is located directly to the south of Veta Sur and
    has clear potential to share underground access in a future mining
    scenario. Overall drilling to date in the system has demonstrated
    potential vein dimensions of over 700 metres laterally x 1,000 metres
    vertically, while remaining open along strike to the southeast and at
    depth. Additionally, some 300 metres further along strike to the
    southwest from the limits of drilling, the Company appears to have
    recently sampled mineralized Laurel veins (assays pending) in the
    Higabra Valley Tunnel.
--  Drilling of the Laurel vein system intersected multiple vein packages
    over lateral extents of 270 metres and an elevation range of 660 metres
    (Figures 1 and 3). Higher grade and broader intercepts include:
    --  8.3 metres @ 6.1 g/t gold and 23 g/t silver, including 1.2 metres @
        24 g/t gold and 36 g/t silver (BUSY361D01, elevation of 1,306
        metres);
    --  26.3 metres @ 3 g/t gold and 37 g/t silver (BUSY361D02, elevation of
        1,320 metres);
    --  1.6 metres @ 7.7 g/t gold and 11 g/t silver (BUSY361D03, elevation
        of 1,357 metres);
    --  0.7 metres @ 19.7 g/t gold and 29 g/t silver (BUSY361D03, elevation
        of 1,335 metres);
    --  2.15 metres @ 26.3 g/t gold and 121 g/t silver, including 1.1 metres
        @ 50.5 g/t gold and 232 g/t silver (BUSY367D01, elevation of 1,216
        metres);
    --  1.0 metres @ 12.5 g/t gold and 17 g/t silver (BUUY228D, elevation of
        1,696 metres);
    --  0.5 metres @ 19.4 g/t gold and 71 g/t silver (BUUY228D, elevation of
        1,677 metres);
    --  1.9 metres @ 11.3 g/t gold and 65 g/t silver (BUUY249D, elevation of
        1,295 metres); and
    --  0.68 metres @ 21.3 g/t gold and 49 g/t silver (BUUY249D, elevation
        of 1,288 metres).

Yaragua Vein System

--  Drill-holes that passed through western Yaragua resulted in depth
    extensions to, and infill of, the vein system in this area. Significant
    intercepts, under the current Yaragua mineral resource envelope,
    include:
    --  0.67 metres @ 21.4 g/t gold and 38 g/t silver (BUUY249D01, elevation
        of 701 metres); and
    --  2.07 metres @ 7.6 g/t gold and 24 g/t silver, including 0.5 metres @
        27.6 g/t gold and 48 g/t silver (BUUY249D01, elevation of 694
        metres).
--  Vein grades X thicknesses significantly above those expected from the
    Yaragua mineral resource block model were encountered through a broad
    elevation range. Related intercepts and veins include:
    --  0.41 metres @ 95.1 g/t gold and 103 g/t silver (BUSY361D02, MU10,
        elevation of 709 metres);
    --  0.75 metres @ 11.3 g/t gold and 5 g/t silver (BUSY363, MU2,
        elevation of 1,394 metres); and
    --  7.0 metres @ 4 g/t gold and 6 g/t silver, including 1.1 metres @
        11.4 g/t gold and 6 g/t silver (BUSY363, HWV, elevation of 1,250
        metres).

"The Laurel vein system, consisting of at least seven veins, is proving to be a more serious target than originally interpreted," commented Ari Sussman, CEO of Continental. "Given it is located close to the proposed future mining infrastructure in the Higabra Valley, we are formulating plans for more advanced exploration on the target, including an expanded drilling program and underground drifting along the system from the Higabra Valley Tunnel in order to complete an initial mineral resource estimate for Laurel in 2015."

Details

Continental's 100%-owned, 59,095-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 1,100 metres of strike and 1,300 vertical metres and partially sampled in underground developments. The Veta Sur system has been drill-outlined along 1,040 metres of strike and 1,400 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 updated mineral resource estimates for the Buritica project prepared in accordance with NI 43-101. This release documents the results of infill and extension drilling (completed after the December 31, 2013 closure of the database for the Buritica 2014 mineral resource estimate) through central and northeastern Veta Sur, the northeastern Laurel vein system to the south of Veta Sur and western Yaragua to the north. Significant new drill intercepts are listed below in Table I and are referenced in Figures 1, 2 and 3.

Table I: Drilling Highlights

----------------------------------------------------------------------------
HoleID      m       m       Inter- Au      Ag     Zn    Inter-    Vein
            From    To      cept   (g/t)   (g/t)  (%)   cept      system
                            Inter-                      RL (m)    /Vein(ii)
                            val(i)

----------------------------------------------------------------------------
BUSY361D    336.50  337.00  0.50   0.38    335.0  0.84  1480      Laurel
            354.00  354.60  0.60   0.12    66.3   0.64  1463      Laurel
            366.70  367.20  0.50   0.04    76.3   0.03  1451      Laurel
            373.80  374.30  0.50   5.21    7.3    1.52  1444      Laurel
            402.00  402.50  0.50   4.65    14.7   0.35  1417      Laurel
            463.70  464.20  0.50   2.18    53.0   0.06  1359      Laurel
            480.00  481.90  1.90   5.57    40.1   0.08  1342      Laurel
            485.30  487.25  1.95   1.37    67.2   0.11  1337      Laurel
            495.60  503.60  8.00   1.68    11.1   0.01  1323      Laurel
            517.15  518.30  1.15   2.52    209.2  0.70  1308      Laurel
            525.20  527.70  2.50   1.45    7.2    0.01  1300      Laurel
            570.00  574.90  4.90   4.76    18.4   0.10  1255      VSur
incl        571.00  572.18  1.18   14.39   48.5   0.31            VSur
            578.00  578.50  0.50   17.60   252.0  0.09  1252      VSur
            707.50  710.00  2.50   18.86   23.7   0.48  1130      VSur
incl        707.50  708.60  1.10   40.75   51.7   1.06            VSur
BUSY361D01  60.75   62.70   1.95   2.54    5.8    0.14  1368      Laurel
            71.13   71.65   0.52   2.78    4.8    0.34  1360      Laurel
            77.35   80.50   3.15   3.12    30.8   0.40  1352      Laurel
            90.15   92.70   2.55   1.36    10.3   0.06  1341      Laurel
            96.00   97.80   1.80   1.87    13.3   0.05  1336      Laurel
            108.00  114.00  6.00   2.38    20.2   0.04  1322      Laurel
            122.90  131.20  8.30   6.09    22.7   0.07  1306      Laurel
incl        130.00  131.20  1.20   23.95   35.6   0.03            Laurel
            136.40  149.80  13.40  1.48    6.8    0.01  1290      Laurel
            161.85  165.30  3.45   2.89    19.9   0.07  1276      VSur
            198.50  199.00  0.50   4.98    12.0   0.39  1245      VSur
            270.20  271.20  1.00   7.82    1.8    0.45  1181      VSur
            281.45  283.30  1.85   2.93    9.7    0.03  1170      VSur
            289.35  290.60  1.25   2.10    8.7    0.06  1164      VSur
            309.95  310.45  0.50   2.13    4.5    0.08  1146      V130
            400.00  401.30  1.30   2.70    0.8    0.01  1066      VSur
            577.05  578.50  1.45   69.04   551.3  0.37  917       V31
            580.00  581.50  1.50   3.93    4.4    0.01  915       VSur
            601.90  603.00  1.10   1.36    2.9    0.01  897       Yar/MU1
            631.00  632.80  1.80   1.01    1.4    0.01  873       Yar
BUSY361D02  24.20   24.75   0.55   0.99    262.0  1.59  1416      Laurel
            64.65   65.80   1.15   1.19    2.7    0.27  1378      Laurel
            85.95   86.45   0.50   3.41    52.5   0.60  1358      Laurel
            91.35   91.95   0.60   3.19    22.4   0.03  1353      Laurel
            92.45   98.15   5.70   2.06    31.5   0.09  1348      Laurel
            101.65  127.95  26.30  2.97    36.5   0.04  1320      Laurel
            131.48  132.05  0.57   3.51    8.5    0.05  1316      Laurel
            142.65  143.15  0.50   8.47    77.3   0.44  1306      VSur
            151.85  152.75  0.90   5.99    3.7    0.03  1298      VSur
            158.80  159.75  0.95   3.85    7.1    0.27  1291      VSur
            180.45  181.65  1.20   6.01    54.1   0.05  1271      VSur
            208.55  209.05  0.50   4.45    11.5   0.05  1246      VSur
            234.15  234.65  0.50   5.59    157.0  0.28  1222      VSur
            255.95  257.15  1.20   3.33    1.2    0.02  1202      VSur
            315.60  316.75  1.15   3.75    23.7   0.20  1147      VSur
            331.15  333.85  2.70   4.57    11.6   0.05  1132      VSur
incl        331.65  332.65  1.00   10.31   24.7   0.06            VSur
            661.80  663.53  1.73   3.66    10.9   0.01  830       V39
            673.65  675.55  1.90   2.32    4.6    0.08  819       V34
            698.75  703.05  4.30   11.52   31.4   0.07  794       V31
incl        701.15  703.05  1.90   23.69   63.7   0.13            V31
            746.95  748.70  1.75   3.34    5.9    0.02  753       Yar/MU11
            796.86  797.27  0.41   95.10   103.0  0.98  709       MU10
BUSY361D03  30.00   30.50   0.50   2.63    2.7    1.78  1413      Laurel
            81.00   82.00   1.00   1.20    15.5   0.06  1366      Laurel
            89.75   91.35   1.60   7.69    10.5   0.47  1357      Laurel
            101.70  102.70  1.00   3.92    8.9    0.05  1347      Laurel
            105.50  106.50  1.00   1.80    93.9   0.63  1343      Laurel
            107.15  107.65  0.50   7.72    25.8   0.07  1342      Laurel
            115.10  115.80  0.70   19.65   29.3   0.05  1335      Laurel
            120.60  121.10  0.50   5.58    27.5   0.58  1330      Laurel
            122.33  124.00  1.67   3.14    12.7   0.13  1327      Laurel
            142.00  143.00  1.00   5.12    5.9    0.02  1310      Laurel
            150.30  151.50  1.20   1.28    10.8   0.01  1302      Laurel
            154.50  155.00  0.50   5.43    34.8   0.02  1299      Laurel
            176.10  176.70  0.60   3.18    10.1   0.70  1279      Laurel
            181.40  182.00  0.60   3.56    3.5    0.02  1274      Laurel
            184.40  185.70  1.30   1.37    63.0   0.12  1271      Laurel
            190.10  190.60  0.50   2.26    69.8   0.04  1266      Laurel
            222.90  223.60  0.70   1.13    2.4    0.04  1236      VSur
            233.90  234.95  1.05   0.49    120.9  0.11  1226      VSur
            251.00  251.70  0.70   5.21    2.6    0.03  1210      VSur
            280.70  295.80  15.10  1.55    12.4   0.03  1171      VSur
            302.10  303.70  1.60   2.34    5.7    0.05  1163      VSur
            306.80  307.50  0.70   6.16    29.6   0.03  1160      VSur
            309.80  310.90  1.10   1.69    7.1    0.04  1157      VSur
            313.80  314.30  0.50   3.26    7.7    0.03  1153      VSur
            318.10  319.00  0.90   1.74    5.8    0.03  1149      VSur
            332.35  338.30  5.95   1.96    11.0   0.05  1132      VSur
            341.00  342.00  1.00   1.65    5.4    0.01  1129      VSur
            395.00  395.85  0.85   1.30    3.2    0.01  1080      VSur/V130
            506.00  507.10  1.10   1.69    0.5    0.01  982       VSur
            556.10  557.20  1.10   1.93    2.7    0.01  938       V48
            589.80  590.70  0.90   0.91    7.1    0.01  908       V41
            627.60  632.70  5.10   7.91    26.8   0.01  871       V34
incl        627.60  629.00  1.40   13.81   58.3   0.02            V34
            643.00  644.00  1.00   1.73    10.0   0.01  861       Vsur
            649.90  651.30  1.40   5.94    15.0   0.01  855       Vsur
            673.00  676.00  3.00   1.28    6.0    0.06  833       Vsur
            699.00  699.50  0.50   2.97    5.8    0.02  812       Vsur
BUSY362     262.00  262.80  0.80   2.69    0.8    0.05  1522      Laurel
            348.80  350.80  2.00   2.90    8.7    0.04  1437      VSur/V180
            368.20  369.20  1.00   1.96    206.1  0.03  1419      VSur
            684.05  684.35  0.30   231.00  80.6   0.08  1115      VSur
            781.39  782.65  1.26   1.86    2.2    0.02  1020      VSur
            817.91  818.92  1.01   1.02    2.9    0.01  985       VSur
            853.05  854.00  0.95   1.44    0.8    0.01  951       VSur
BUSY363     6.00    7.00    1.00   1.92    6.8    0.01  1705      VSur/V140
            33.70   34.35   0.65   1.28    2.9    0.39  1682      V130
            53.90   54.40   0.50   1.47    24.8   0.09  1666      V125
            95.70   99.70   4.00   218.67  25.1   0.07  1629      VSur
incl        97.40   99.70   2.30   377.27  34.2   0.07            VSur
            112.85  113.40  0.55   1.13    466.0  0.24  1618      V110
            119.20  120.30  1.10   0.46    53.1   0.04  1612      V90
            154.90  155.50  0.60   1.88    13.2   0.08  1583      V62
            190.15  192.50  2.35   6.48    21.7   0.09  1553      V43
incl        191.40  192.50  1.10   11.80   33.6   0.12            V43
            193.75  195.00  1.25   4.22    30.7   0.06  1551      V42
            212.30  213.10  0.80   1.27    1.7    0.19  1536      V41
            224.90  225.50  0.60   0.99    41.8   0.48  1526      V39
            351.60  352.90  1.30   1.81    3.0    0.06  1424      Yar/MU10
            390.25  391.00  0.75   11.30   4.7    0.11  1394      MU2
            498.74  499.25  0.51   1.32    16.7   0.03  1309      VNB
            568.00  575.00  7.00   3.95    5.5    0.11  1250      HWV
incl        568.00  569.10  1.10   11.40   6.0    0.02            HWV
            601.10  602.10  1.00   0.13    97.4   0.15  1228      SAV
            627.45  628.00  0.55   0.98    4.1    0.21  1208      FWV
            667.70  668.20  0.50   1.94    9.6    0.01  1177      VNAD
            681.50  682.00  0.50   1.98    13.0   0.01  1166      VNA
            686.67  687.20  0.53   2.24    21.6   0.02  1162      Yar
BUSY364     470.35  470.88  0.53   2.25    12.7   0.44  1719      Vsur
            479.35  479.95  0.60   29.40   15.8   0.86  1707      Vsur
            484.05  484.85  0.80   2.64    5.1    0.32  1700      Vsur
            499.62  500.13  0.51   2.70    8.4    0.10  1676      Vsur
            547.30  548.00  0.70   3.09    6.0    0.10  1610      Vsur
            592.50  593.00  0.50   2.61    6.1    0.04  1561      Vsur
            601.10  605.60  4.50   2.22    6.5    0.06  1541      Vsur
            610.36  611.40  1.04   19.15   6.9    0.03  1536      Vsur
            614.00  615.35  1.35   3.24    4.2    0.20  1533      Vsur
            616.50  617.00  0.50   5.47    7.9    0.02  1529      Vsur
            619.70  620.20  0.50   331.00  93.0   0.40  1525      Vsur
----------------------------------------------------------------------------
HoleID      m       m       Inter- Au      Ag     Zn    Inter-    Vein
            From    To      cept   (g/t)   (g/t)  (%)   cept      system
                            Inter-                      RL (m)    /Vein(ii)
                            val(i)

----------------------------------------------------------------------------
            636.50  637.20  0.70   1.83    6.4    0.02  1503      V130
            715.00  716.50  1.50   4.85    9.5    0.02  1337      V110
            733.50  734.65  1.15   12.78   30.4   0.47  1323      VSur
            833.20  833.70  0.50   0.74    70.9   0.04  1251      V48
            909.00  911.40  2.40   12.75   54.5   0.05  1193      V39
incl        909.00  910.00  1.00   19.50   119.5  0.11            V39
            942.80  943.50  0.70   2.80    8.8    0.01  1169      V34
            955.00  955.50  0.50   26.70   73.4   0.24  1161      V31
BUSY366D    504.75  506.05  1.30   2.75    7.1    0.01  1273      VSur
            531.60  532.10  0.50   2.52    8.1    0.03  1247      VSur
            559.50  560.60  1.10   9.38    383.9  0.47  1219      VSur
            612.45  612.95  0.50   3.36    8.6    0.05  1166      VSur
            627.00  627.50  0.50   2.11    2.6    0.40  1152      VSur
            716.70  717.50  0.80   1.10    1.6    0.04  1063      VSur
            813.13  813.65  0.52   11.45   8.1    0.03  967       VSur
            852.13  852.77  0.64   3.62    4.3    0.01  928       VSur
            988.60  989.75  1.15   2.02    6.2    0.02  793       VSur
            1166.50 1167.00 0.50   1.43    2.3    0.01  617       VSur
BUSY367D    186.00  186.50  0.50   0.16    54.6   0.02  1589      Laurel
            213.40  214.10  0.70   2.60    1.9    0.11  1562      Laurel
BUSY367D01  37.00   37.70   0.70   6.77    8.3    0.17  1260      Laurel
            43.50   44.70   1.20   1.16    2.7    0.19  1254      Laurel
            83.35   85.50   2.15   26.28   121.1  0.10  1216      Laurel
incl        83.35   84.45   1.10   50.53   231.9  0.19            Laurel
            146.50  147.30  0.80   1.10    9.5    0.07  1158      VSur
            219.00  219.60  0.60   2.32    7.1    0.04  1091      VSur
            268.80  269.30  0.50   26.20   27.6   0.04  1045      VSur
            290.70  291.30  0.60   3.58    16.3   0.15  1024      VSur
            300.15  300.65  0.50   1.57    9.8    0.05  1016      VSur
            399.60  400.10  0.50   2.16    6.9    0.01  924       V125
            406.70  407.30  0.60   1.06    1.6    0.02  918       VSur
            426.60  427.85  1.25   1.44    3.0    0.01  899       VSur
            453.10  454.30  1.20   2.67    4.8    0.00  875       VSur
            608.20  609.40  1.20   7.12    11.2   0.01  734       VSur
            614.80  615.30  0.50   7.70    29.6   0.03  728       V39
            640.00  641.00  1.00   1.63    6.5    0.01  705       V34
            650.40  651.40  1.00   19.25   16.5   0.02  696       V31
            666.20  667.95  1.75   2.54    5.9    0.01  681       VSur
            763.80  765.40  1.60   3.95    5.4    0.01  594       VSur
            839.00  841.40  2.40   16.09   140.1  0.12  528       VSur
incl        839.00  840.20  1.20   27.85   274.7  0.19            VSur
BUUY208     15.00   15.60   0.60   10.60   87.1   0.71  1697      VSur/V70
            24.90   27.65   2.75   1.71    9.2    0.10  1688      V65
            35.05   42.50   7.45   40.04   170.0  0.85  1677      V51
incl        38.40   41.25   2.85   99.75   406.4  1.58            V51
            48.35   49.00   0.65   4.04    50.4   0.07  1671      V48
            57.00   58.35   1.35   1.42    8.2    0.19  1664      V43
            79.55   80.40   0.85   4.11    227.4  0.62  1647      V39
            90.00   90.50   0.50   2.96    15.6   0.53  1639      V34
            104.90  106.60  1.70   3.29    13.6   0.06  1627      V32
            107.60  109.10  1.50   6.92    18.4   0.20  1625      V32
            120.70  121.25  0.55   21.90   8.1    0.02  1616      V31
            138.85  139.40  0.55   0.33    76.7   0.13  1602      V30
            177.40  178.00  0.60   0.27    100.0  0.12  1572      V24
            200.40  200.90  0.50   0.69    18.1   4.82  1554      V22
            208.70  209.20  0.50   1.36    1280.0 1.04  1548      V20
            247.00  248.40  1.40   0.55    168.8  0.49  1519      V16
BUUY228D    2.00    3.00    1.00   12.48   16.6   2.74  1696      Laurel
            25.00   25.50   0.50   19.40   70.6   2.98  1677      Laurel
            55.00   55.50   0.50   6.19    335.0  0.22  1651      Laurel
            185.60  186.10  0.50   0.29    65.8   0.61  1538      Laurel
            196.20  197.50  1.30   0.94    16.3   4.31  1529      Laurel
            216.00  217.70  1.70   1.94    10.7   0.33  1511      Laurel
            225.00  226.00  1.00   1.07    1.5    0.01  1504      Laurel
            253.05  253.80  0.75   0.04    158.0  0.04  1480      Laurel
            294.80  296.20  1.40   0.86    51.1   0.39  1443      VSur
            299.07  299.60  0.53   1.36    103.0  0.17  1440      VSur
            300.60  301.80  1.20   3.50    4.4    0.08  1438      VSur
            342.10  342.80  0.70   1.05    2.5    0.08  1402      VSur
            355.60  356.80  1.20   1.78    5.9    0.02  1390      VSur
            390.20  391.40  1.20   1.63    89.2   0.24  1360      VSur
            395.35  396.50  1.15   1.98    5.4    0.01  1355      VSur
            419.60  420.15  0.55   1.81    8.1    0.01  1334      VSur
BUUY249D    38.70   39.30   0.60   1.93    8.7    2.12  1660      Laurel
            115.55  116.10  0.55   0.61    73.0   2.06  1585      Laurel
            133.85  134.40  0.55   1.29    80.5   0.99  1567      Laurel
            148.30  150.10  1.80   0.76    82.6   2.61  1551      Laurel
            200.15  201.30  1.15   0.04    59.5   0.03  1501      Laurel
            254.55  255.30  0.75   3.59    12.8   0.14  1447      Laurel
            290.30  293.70  3.40   1.58    2.6    0.02  1410      Laurel
            348.90  350.20  1.30   2.58    2.6    0.09  1354      Laurel
            355.40  355.90  0.50   3.38    42.6   1.36  1348      Laurel
            361.00  364.00  3.00   1.26    16.4   0.71  1340      Laurel
            391.15  391.70  0.55   1.60    18.3   0.15  1312      Laurel
            407.70  409.60  1.90   11.29   64.8   1.66  1295      Laurel
            416.17  416.85  0.68   21.30   48.6   0.38  1288      Laurel
            419.55  420.10  0.55   3.09    17.5   1.54  1284      VSur
            437.55  438.45  0.90   1.73    11.3   0.79  1266      VSur
            456.80  458.00  1.20   2.45    19.3   0.42  1247      VSur
            518.50  519.00  0.50   0.60    302.0  0.53  1186      VSur
BUUY249D01  50.80   52.00   1.20   1.18    0.2    0.01  1085      Laurel
            82.80   83.35   0.55   3.65    30.7   0.04  1056      Laurel
            164.75  165.50  0.75   2.13    0.9    0.01  984       VSur
            453.05  454.30  1.25   3.14    12.4   0.01  740       VSur
            474.25  474.75  0.50   3.87    4.5    0.01  723       Yar/MU11
            489.35  489.90  0.55   1.14    7.6    0.01  710       Yar
            500.25  500.92  0.67   21.40   38.2   0.02  701       Yar
            507.93  510.00  2.07   7.60    24.3   0.06  694       Yar
incl        508.45  508.95  0.50   27.60   48.2   0.02            Yar
            523.05  523.60  0.55   3.44    23.2   0.01  683       Yar
            555.85  556.40  0.55   1.72    2.1    0.01  656       Yar
BUUY249D02  83.70   84.60   0.90   2.33    3.2    0.04  1046      Laurel
            102.50  103.60  1.10   1.15    0.2    0.01  1029      Laurel
            140.80  141.30  0.50   5.03    14.0   0.52  998       VSur
            400.00  400.60  0.60   6.63    12.6   0.28  783       VSur
            403.75  404.30  0.55   3.22    1.3    0.01  780       VSur
            441.50  442.70  1.20   1.49    1.2    0.03  749       V43
            456.35  469.80  13.45  7.96    25.3   0.05  728       V34
incl        456.35  458.40  2.05   30.46   100.0  0.04            V34
            476.85  477.40  0.55   7.65    3.5    0.01  721       V31
            494.00  494.50  0.50   5.18    11.8   0.10  708       VSur
            497.37  498.50  1.13   2.65    1.3    0.00  705       VSur
            516.25  518.60  2.35   1.70    7.5    0.02  690       Yar/MU1
BUUY270     16.25   16.90   0.65   1.34    6.3    0.13  1519      Yar/MU11
            51.90   52.40   0.50   3.93    4.1    0.02  1537      MUS
            110.30  111.15  0.85   4.17    5.3    0.35  1565      Yar
            126.00  126.50  0.50   1.88    536.0  1.05  1572      VSur
            144.50  145.00  0.50   1.12    21.5   0.50  1581      VSur
            147.55  148.15  0.60   42.60   8.4    0.69  1582      VSur
            168.00  169.00  1.00   0.79    27.5   0.19  1592      V110
            210.00  211.50  1.50   8.54    6.8    0.03  1611      V123
            223.30  225.50  2.20   2615.41 388.2  2.20  1617      VSur
incl        223.80  225.00  1.20   4730.00 701.0  3.96            VSur
and         225.00  225.50  0.50   154.00  16.8   0.08            VSur
BUUY273     22.85   23.85   1.00   1.10    15.4   0.10  1522      Yar/MU11
            82.10   82.60   0.50   0.20    217.0  0.82  1551      VSur
            91.60   94.60   3.00   1.62    69.8   0.68  1557      V42
            114.00  114.87  0.87   56.50   669.0  0.74  1567      V43
            117.80  126.00  8.20   5.12    19.8   0.60  1572      V48
incl        121.60  124.05  2.45   12.51   54.4   1.08            V48
            131.00  132.00  1.00   1.67    616.5  2.54  1576      V51
            142.00  142.60  0.60   1.51    21.9   3.66  1581      VSur
            191.50  192.00  0.50   0.21    718.0  0.14  1605      V62
            213.00  213.60  0.60   0.41    122.0  0.32  1616      V65
            223.50  226.50  3.00   5.47    101.6  0.80  1622      V70
incl        223.50  224.50  1.00   15.70   216.5  2.22            V70
            230.75  231.80  1.05   3.27    113.6  0.24  1625      VSur
            237.10  237.70  0.60   6.87    84.6   1.24  1627      V75
            239.00  239.50  0.50   1.52    924.0  0.87  1628      V75
            240.40  240.90  0.50   5.45    138.0  0.49  1629      VSur
            255.00  255.60  0.60   4.72    10.3   0.08  1636      VSur
            303.00  303.50  0.50   4.74    3.2    0.56  1659      V110
            311.00  311.50  0.50   3.41    62.0   3.23  1663      VSur
            320.10  322.80  2.70   3.33    16.1   0.22  1668      VSur
(i)Intercepts calculated at 1 g/t gold + 50 g/t silver cut-off grades for
minimum intervals of 0.5 metres, with up to 30% internal dilution. True
widths not accurately known but generally are between 30% of the down-hole
interval and near true width (e.g. BUUY208). Drill-holes designated "BUUY"
were collared from underground, and drill-holes designated "BUSY" were
collared at surface. Holes directionally- drilled from "mother holes"
(BUzYDxxx) are designated BUzYxxxDyy.
(ii)Intercepts outside of the current mineral resource envelopes are
designated by their respective vein system (Veta Sur: VSur; Yaragua: Yar and
Laurel) whereas intercepts in vein domains are respectively nominated by
vein code (e.g. V34).

Three fans of holes were drilled from the south of Veta Sur, from surface and also from the Veta Sur Ramp (Figure 1). These fans involved "mother" holes (designated BUzYDxxx) and six holes (designated BUzYxxxDyy) deviated and directionally-drilled from collars at depth in the mother holes. Additional holes were drilled from southern (BUSY364) and northeastern Veta Sur platforms (BUSY363), from underground in Veta Sur (BUUY208) and also from underground (towards the southwest) in Yaragua (BUUY270, BUUY273) (Figure 1). Drill-holes from the south of Veta Sur targeted potential extensions of the Laurel vein system, deep extensions and infill of the Veta Sur system and also the southwestern Yaragua system. Directional drilling was vital in attaining infill and extension targets particularly at lower elevations, both increasing productivity and reducing costs of the mineral resource delineation program.

To the south of Veta Sur, drilling intersected multiple vein packages over lateral extents of 270 metres and an elevation range of 660 metres. These vein packages are interpreted to be northeastern extensions of the northeast-trending Laurel vein system (Table I, Figures 1 and 3). Higher grade and broader intercepts include:

--  8.3 metres @ 6.1 g/t gold and 23 g/t silver, including 1.2 metres @ 24.0
    g/t gold and 36 g/t silver (BUSY361D01, elevation of 1,306 metres);
--  26.3 metres @ 3.0 g/t gold and 37 g/t silver (BUSY361D02, elevation of
    1,320 metres);
--  1.6 metres @ 7.7 g/t gold and 11 g/t silver (BUSY361D03, elevation of
    1,357 metres);
--  0.7 metres @ 19.7 g/t gold and 29 g/t silver (BUSY361D03, elevation of
    1,335 metres);
--  2.15 metres @ 26.3 g/t gold and 121 g/t silver, including 1.1 metres @
    50.5 g/t gold and 232 g/t silver (BUSY367D01, elevation of 1,216
    metres);
--  1.0 metres @ 12.5 g/t gold and 17 g/t silver (BUUY228D, elevation of
    1,696 metres);
--  0.5 metres @ 19.4 g/t gold and 71 g/t silver (BUUY228D, elevation of
    1,677 metres);
--  1.9 metres @ 11.3 g/t gold and 65 g/t silver (BUUY249D, elevation of
    1,295 metres); and
--  0.68 metres @ 21.3 g/t gold and 49 g/t silver (BUUY249D, elevation of
    1,288 metres).

The Laurel vein system remains open at depth and to the northeast of the current drilling. The system is sparsely drill-constrained for more than 700 metres to the southwest, for a strike length in excess of one kilometre and an elevation range of more than 1,000 metres. Contiguous with Veta Sur, the Laurel system, not included in current mineral resource estimates, could potentially share proposed Veta Sur development infrastructure.

Further north, through a 250+-metre strike length of central and northeastern Veta Sur, drill-holes intersected multiple veins outside of the current Veta Sur mineral resource envelope. Significant intercepts were made over a vertical extent of almost 1,200 metres, mostly below this envelope and include:

--  1.18 metres @ 14.4 g/t gold and 49 g/t silver (BUSY361D, elevation of
    1,255 metres);
--  0.5 metres @ 17.6 g/t gold and 252 g/t silver (BUSY361D, elevation of
    1,252 metres);
--  2.5 metres @ 18.9 g/t gold and 24 g/t silver, including 1.1 metres @
    40.8 g/t gold and 52 g/t silver (BUSY361D, elevation of 1,130 metres);
--  0.3 metres @ 231 g/t gold and 81 g/t silver (BUSY362, elevation of 1,115
    metres, adjacent core not recovered);
--  0.6 metres @ 29.4 g/t gold and 16 g/t silver (BUSY364, elevation of
    1,707 metres);
--  1.04 metres @ 19.2 g/t gold and 7 g/t silver (BUSY364, elevation of
    1,536 metres);
--  0.5 metres @ 331 g/t gold and 93 g/t silver (BUSY364, elevation of 1,525
    metres);
--  1.15 metres @ 12.8 g/t gold and 30 g/t silver (BUSY364, elevation of
    1,323 metres);
--  1.1 metres @ 9.4 g/t gold and 384 g/t silver (BUSY366D, elevation of
    1,219 metres);
--  0.5 metres @ 26.2 g/t gold and 28 g/t silver (BUSY367D01, elevation of
    1,045 metres); and
--  2.4 metres @ 16.1 g/t gold and 140 g/t silver, including 1.2 metres @
    27.9 g/t gold and 275 g/t silver (BUSY367D01, elevation of 528 metres)

Intercepts above the current mineral resource envelope include:

--  4.0 metres @ 218.7 g/t gold and 25 g/t silver, including 2.3 metres @
    377.3 g/t gold and 34 g/t silver (BUSY363, elevation of 1,629 metres);
--  0.6 metres @ 42.6 g/t gold and 8 g/t silver (BUUY270, elevation of 1,582
    metres); and
--  2.2 metres @ 2,615.4 gold and 388 g/t silver (BUUY270, elevation of
    1,617 metres).

The Veta Sur vein system remains open to depth below all of the Veta Sur intercepts noted above and in Table I. Although some of these intercepts are among the deepest yet encountered in Veta Sur, these and the shallow extensions also highlighted are all situated within an elevation range potentially developable from proposed underground infrastructure.

In central and northeastern Veta Sur, drilling through a broad range of elevations generally encountered vein grades X thicknesses comparable with those expected from the current mineral resource block model, for most of the vein families. Intercepts and related veins with substantially greater grade X thicknesses include:

--  1.45 metres @ 69.0 g/t gold and 551 g/t silver (BUSY361D01, V31,
    elevation of 917 metres);
--  4.3 metres @ 11.5 g/t gold and 31 g/t silver, including 1.9 metres @
    23.7 g/t gold and 64 g/t silver (BUSY361D02, V31, elevation of 794
    metres);
--  5.1 metres @ 7.9 g/t gold and 27 g/t silver, including 1.4 metres @ 13.8
    g/t gold and 58 g/t silver (BUSY361D03, V34, elevation of 871 metres);
--  0.55 metres @ 1.1 g/t gold and 466 g/t silver (BUSY363, V110, elevation
    of 1,618 metres);
--  2.35 metres @ 6.5 g/t gold and 22 g/t silver, including 1.1 metres @
    11.8 g/t gold and 34 g/t silver (BUSY363, V43, elevation of 1,553
    metres);
--  2.4 metres @ 12.8 g/t gold and 55 g/t silver, including 1.0 metres @
    19.5 g/t gold and 120 g/t silver (BUSY364, V39, elevation of 1,193
    metres);
--  0.5 metres @ 26.7 g/t gold and 73 g/t silver (BUSY364, V31, elevation of
    1,161 metres);
--  1.0 metres @ 19.3 g/t gold and 17 g/t silver (BUSY367D01, elevation of
    696 metres);
--  7.45 metres @ 40.0 g/t gold and 170 g/t silver, including 2.85 metres @
    99.8 g/t gold and 406 g/t silver (BUUY208, V51, elevation of 1,677
    metres);
--  0.55 metres @ 21.9 g/t gold and 8 g/t silver (BUUY208, V31, elevation of
    1,616 metres);
--  0.5 metres @ 1.4 g/t gold and 1,280 g/t silver (BUUY208, V20, elevation
    of 1,548 metres);
--  13.45 metres @ 8.0 g/t gold and 25 g/t silver, including 2.05 metres @
    30.5 g/t gold and 100 g/t silver (BUUY249D02, V34, elevation of 728
    metres);
--  0.87 metres @ 56.5 g/t gold and 669 g/t silver (BUUY273, V43, elevation
    of 1,567 metres);
--  8.2 metres @ 5.1 g/t gold and 20 g/t silver, including 2.45 metres @
    12.5 g/t gold and 54 g/t silver (BUUY273, V48, elevation of 1,572
    metres);
--  1.0 metres @ 1.7 g/t gold and 617 g/t silver (BUUY273, V51, elevation of
    1,576 metres);
--  1.0 metres @ 15.7 g/t gold and 217 g/t silver (BUUY273, V70, elevation
    of 1,622 metres);
--  0.5 metres @ 1.5 g/t gold and 924 g/t silver (BUUY273, V75, elevation of
    1,628 metres).

Drill-holes that passed through western Yaragua resulted in depth extensions to, and infill of, the Yaragua vein system in this area. Significant intercepts, below the current Yaragua mineral resource envelope, include:

--  0.67 metres @ 21.4 g/t gold and 38 g/t silver (BUUY249D01, elevation of
    701 metres); and
--  2.07 metres @ 7.6 g/t gold and 24 g/t silver, including 0.5 metres @
    27.6 g/t gold and 48 g/t silver (BUUY249D01, elevation of 694 metres).

Vein grades X thicknesses significantly above those expected from the current Yaragua mineral resource block model were also encountered through a broad elevation range. Related intercepts and veins include:

--  0.41 metres @ 95.1 g/t gold and 103 g/t silver (BUSY361D02, MU10,
    elevation of 709 metres);
--  7.0 metres @ 4.0 g/t gold and 6 g/t silver, including 1.1 metres @ 11.4
    g/t gold and 6 g/t silver (BUSY363, HWV, elevation of 1,250 metres); and
--  0.75 metres @ 11.3 g/t gold and 5 g/t (BUSY363, MU2, elevation of 1,394
    metres)

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. HQ core is sawn or split with one-half shipped to a sample preparation lab in Medellin run by ALS Colombia Limited ("ALS") in Colombia, whereas BQ core samples are full core. 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 listing of assay results to date for the Buritica project is available on the Company's website at www.continentalgold.com.

For additional technical information on the Buritica project, please refer to the Company's technical report (the "Technical Report") entitled "Independent Technical Report and Resource Estimate on the Buritica Gold Project 2013" with an effective date of December 31, 2013, 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. On May 13, 2014, the Company announced an updated mineral resource estimate for the Buritica project prepared in accordance with NI 43-101. This estimate covers the Yaragua and Veta Sur vein systems, with a combined Measured mineral resource of 0.99 million tonnes of mineralized material containing 0.65 million ounces of gold grading 20.4 g/t gold, 1.54 million ounces of silver grading 48 g/t silver, and 15.0 million pounds of zinc grading 0.7% zinc, and a combined Indicated mineral resource of 7.41 million tonnes of mineralized material containing 2.15 million ounces of gold grading 9.0 g/t gold, 6.89 million ounces of silver grading 29 g/t silver, and 75.1 million pounds of zinc grading 0.5% zinc. The combined Inferred mineral resource is 16.7 million tonnes of mineralized material containing 4.2 million ounces grading 7.8 g/t gold, 13.1 million ounces of silver grading 24 g/t silver and 111 million pounds of zinc grading 0.3% zinc.

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 newest hard rock gold producer in Colombia, Continental has achieved major advances with the access tunnel, which is providing access for underground drilling and will eventually be used for commercial production. A Phase V drill program is underway at the Buritica project to further delineate the mineral resources 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, and exploration and mine development plans, 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. 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 highlights of new drilling, please click the following link: http://www.marketwire.com/library/20140708-CNL1FIG800.jpg

To view Figure 2 - Long Section, (line C-D on Figure 1), please click the following link: http://www.marketwire.com/library/20140708-CNL2FIG800.jpg

To view Figure 3 - Cross Section (line A-B on Figure 1), please click the following link: http://www.marketwire.com/library/20140708-CNL3FIG800.jpg

Contacts:
Continental Gold Limited
+1.416.583.5610
info@continentalgold.com
www.continentalgold.com

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