Completion of Arrangement Expected To Occur Before April 30, 2011

April 7, 2011 Vancouver, BC � Continental Minerals Corporation (TSX-V:KMK, OTCBB:KMKCF) (�Continental� or the �Company�) announces the reconvening of its special securityholders meeting for 2 pm on Friday April 22, 2011 at the Metropolitan Hotel, Vancouver and completion of the SEC review of its Schedule 13E-3 filing. A Supplement dated April 7, 2011 to the Management Information Circular of January 17, 2011, forms the basis of the 13E-3 filing and provides supplemental background information to the negotiations leading up to the September 2010 letter agreement, and attaches as exhibits some Xietongmen property mine modeling and valuation presentations prepared by advisors to both parties. The Supplement also includes some additional details about the terms of, and participants in, the Arrangement as well as some further analysis of and support for the parties� respective fairness determinations.

Shareholders who have submitted proxies to vote in favour of the Arrangement and who wish to continue to do so need do nothing further.  Shareholders who have already submitted a proxy but who wish to change it may do so up until the time of the Meeting by mail or fax instruction to the proxy depositary in accordance with the instructions in the January 17, 2011 Circular. Additional proxy forms can be downloaded from www.sedar.com.

A further news release after the Meeting will contain the final vote details and, if the Arrangement is approved, will contain other transaction completion details, including the final timing and the final estimate of the Arrangement Dividend for Common Shareholders�

To view this news release in its entirety please click on the link below or copy and paste it into your web browser:

http://www.hdgold.com/kmk/NewsReleases.asp?ReportID=450803

If you have any questions do not hesitate to contact us as provided below.

Best Regards,
Investor Services

HDI
1020-800 West Pender Street, Vancouver BC V6C 2V6
Toll Free 1-800-667-2114 | Main 1-604-684-6365
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HDI companies include Heatherdale Resources Ltd., Curis Resources Ltd., Northcliff Resources Ltd., Rathdowney Resources Ltd. and Constantia Resources Ltd.  Our affiliated companies include Taseko Mines Limited, Anooraq Resources Corporation, Northern Dynasty Minerals Ltd., Continental Minerals Corporation, and Amarc Resources Ltd. 

Visit us at www.hdimining.com for more information.