Continental Precious Minerals Inc. (TSX:CZQ) is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental’s primary goal has been to advance its Swedish assets. To date, Continental’s exploration program has primarily focused on the Viken MMS licence, where it has defined a NI 43-101 compliant resource and completed preliminary metallurgical tests. The company will continue to conserve its capital, focus on further delineating the

resource at the Viken licence and surrounding licences on a cost effective basis, continuing the metallurgical and environmental studies already underway and completing a preliminary economic assessment of the project in 2010, while seeking to collaborate with a major mining company to advance development. The company will also evaluate expansion and diversification opportunities as they emerge in current market conditions.