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Continental Precious Minerals Enters Into Land Lease at Its MMS Viken Licence in Sweden
Published : June 24, 2011

50-Year Land Lease Agreement on Eight Hectares Will Enable Extensive Exploration

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TORONTO, ONTARIO--(Marketwire - June 24, 2011) - Continental Precious Minerals Inc. (News - Market indicators) (the "Company" or "Continental") is pleased to announce that it has entered into a land lease agreement for an eight hectare property on its MMS Viken licence in Sweden. The agreement entitles Continental full rights to conduct exploration surveys, in accordance with the Swedish Minerals Act. The lease is valid for an initial 50 years and, subject to certain conditions, is renewable for a further 50 years. The total lease cost for the 50 year term is approximately $120,000.

"This agreement will be very beneficial to our exploration program," said Ed Godin, President and CEO. "It will allow us to undertake environmental surveys, metal extraction and hydrological tests and related testing. This larger scale research and field testing will help us verify the results from our bench-scale testing."

The Company had previously entered into an agreement to purchase the land subject to the lease, pending approval of the purchase by the Swedish Ministry of Agriculture. As the approval of the Swedish Ministry of Agriculture was not obtained, the Company secured this long-term lease.

Continental is pursuing two options for its MMS Viken property. One is to continue metallurgical research and complete a pre-feasibility study; another is to pursue a joint venture agreement with a major mining company. Metallurgical research is being carried out at the laboratories of Process Research ORTECH Inc. (PRO) in Mississauga, Ontario by PRO personnel along with Al Hayden of EHA Engineering Ltd. (EHA). The focus of the current research is to carry out leaching and roasting tests on MMS Viken ore samples with the goal of optimizing metal recovery rates while reducing production costs. As well, Continental has initiated discussions with several mining companies.

About Continental Precious Minerals Inc.

Continental Precious Minerals Inc. 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. The Company is also evaluating other opportunities as they emerge in current market conditions.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements that are based on expectations, estimates and projections as of this date. There is no assurance that a pre-feasibility report will be completed, that a joint venture agreement with a major mining company will be entered into or that the Company will be able to optimize metal recovery rates while reducing production costs. Factors that could affect the outcome include, without limitation, uncertainties as to research outcomes, uncertainty of production and cost estimates, permitting to construct and operate a mine (which permits have not been obtained or applied for, and are not assured), environmental, social and political factors, as well as metal prices and unanticipated technical difficulties, and the other risk factors described in the Company's annual information form for the year ended May 31, 2010 available on SEDAR. The forward-looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date.



Continental Precious Minerals Inc.
Ed Godin
President & CEO
(416) 805-3036
(905) 276-4862 (FAX)
godine@rogers.com
or
TMX / Equicom
Craig MacPhail
(416) 815-0700, ext. 290
cmacphail@equicomgroup.com

Continental Precious Minerals Inc.

EXPLORATEUR
CODE : CZQ.TO
ISIN : CA2119061026
CUSIP : 211906 10 2
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Continental Precious Min. est une société d’exploration minière de nickel et de palladium basée au Canada.

Continental Precious Min. détient divers projets d'exploration en USA, au Canada et en Suede.

Ses principaux projets en exploration sont MMS VICKEN et ABBORRVIKEN en Suede, CRATER OF DIAMONDS STATE PARK en USA et LAC ROCHER au Canada.

Continental Precious Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 4,3 millions CA$ (3,4 millions US$, 3,0 millions €).

La valeur de son action a atteint son plus bas niveau récent le 14 novembre 2008 à 0,23 CA$, et son plus haut niveau récent le 15 janvier 2010 à 8,82 CA$.

Continental Precious Min. possède 11 706 896 actions en circulation.

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23/07/2013Announces Resignation of Director
19/03/2013Announces the Appointment of Rana Vig to Its Board of Direct...
01/11/2012-Board Resignation
Projets de Continental Precious Minerals Inc.
31/03/2011(Lilljuthatten)Files NI 43-101 Technical Report on Lill-Juthatten Licence i...
18/03/2011(Mms Vicken)Announces Update on Metallurgical Testing of MMS Viken Sampl...
Communiqués de Presse de Continental Precious Minerals Inc.
15/10/2014Continental Precious Minerals Inc. Announces Results of Annu...
18/08/2014IIROC Trade Resumption - CZQ
18/08/2014IIROC Trading Halt - CZQ
14/05/2014Continental Precious Minerals Completes Flow-Through Financi...
14/04/2014Boxxer options DOK property in NW British Columbia
14/04/2014Continental Signs Option Agreement with Boxxer Gold Corp.
08/04/2014Continental Precious Minerals Inc. Completes Share Consolida...
30/10/2013-Litigation Update
30/07/2013Litigation Update
31/05/2013CEO and Former Director Seeks Golden Parachute Payment
17/04/2013February 28, 2013 Results
03/04/2013Releases Additional Assays From Viken
15/01/2013November 30, 2012 Results
23/10/2012on Metallurgical Testwork on Continental Precious Minerals' ...
02/08/2012Bioleaching Tests Commence on Continental Precious Minerals'...
23/05/2012Announces Dismissal of Application by Dissident Group
05/03/2012Update on Reduction of Net Profits Royalty Interest
27/02/2012Reduction of Net Profits Royalty Interest
22/02/2012Corporate Update
16/01/2012Shareholder Update
14/07/2011Granted 14 Additional Exploration Licences in Southern Swede...
24/06/2011Enters Into Land Lease at Its MMS Viken Licence in Sweden
20/04/2011Extends Compensation Options
04/03/2011Completes Resource Estimate On Lill-Juthatten Licence
23/02/2011Provides Corporate Update
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