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Continuum Resources Ltd.

Publié le 19 décembre 2007

Provides Exploration Summary and 2008 Objectives

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Mots clés associés :   Copper | Fortuna | G Mexico | Zinc |

Continuum Resources Provides Exploration Summary and 2008 Objectives

December 19, 2007 - Vancouver, B.C.: Dale Schultz, Vice President Exploration of Continuum Resources Ltd (TSXV:CNU) advises on the current status and objectives of planned 2008 exploration activities on the Company's projects located in Oaxaca State, Mexico.

SAN JOSE

Senior management and directors of the Company, including Al Bassham (Director), Dale Schultz (Vice President Exploration), and Herb Robertson (Operations Manager), completed a site visit and operations review of the San Jose project (owned 76% by Fortuna Silver Mines Inc. and 24% by Continuum) on October 22, 2007.  Included in the site visit was a tour of the old workings of the Trinidad Mine, and inspection of a new decline currently being driven to access the old stoping blocks, and other zones of mineralization.

On November 30, 2007, the Management Committee of the San Jose project presented the project owners with the exploration budget for 2008.  The board of directors of the Company is currently reviewing this proposed budget and expects to approve it prior to year end.

NATIVIDAD

On November 2, 2007, the Company announced the completion of an updated NI 43-101 report detailing the results of the geological, geochemical, and drilling programs completed to date at Natividad.

Negotiations continue to be ongoing between Continuum (70% owner of Natividad) and Cia Minera de Natividad Y Anexas S.A. de C.V. (30% owner) to set the terms of a joint venture for the Natividad properties and assets. Continuum is hopeful that these negotiations will conclude shortly.

TRES HERMANAS

On September 17, 2007, the Company announced that it had reactivated the Tres Hermanas property.  The property comprises 3671 hectares, covering a mountainous area in the vicinity of the village of San Sebastian Rio Dulce, some 50 kilometers southwest of the City of Oaxaca.  The property consists of three contiguous claims, owned 100% by Continuum.  The center of interest is the old Tres Hermanas Mine, which was exploited on five levels for silver prior to the Mexican War of Independence.  These adits were mapped and sampled in 1926, but are no longer accessible.  Studies in 1926 demonstrated that the deposit yielded average grades of 8.24 oz/T silver, 4.67 % lead and 10.77 % zinc with a global resources estimated at approximately 70,000 Tons.  These studies also concluded that that the average ore contained 5.4% galena, 16.2% sphalerite and 13.7% pyrite, with minor copper sulfides.  Readers should note that these data and e stimates are NOT compliant with the standards set out by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) or with National Instrument 43-101, and should therefore be viewed as historical in nature.

Recent sampling conducted by Continuum geologists has demonstrated anomalous values contained within the footwall and hanging wall of the main structure ranging over tens of metres.  This "Halo" mineralization contains highly anomalous values of Cu, Pb, Zn, Ag, and Mo.  Currently field crews are conducting detailed mapping and sampling of the Tres Hermanas main adits, and prospecting for sub-parallel structures.  Results are expected to be released in the first quarter of 2008.

A surface drilling program is planned for the first quarter of 2008 and has been designed to test the continuity of the main structure over the 500-metre strike length of the mineralized structure.  In addition, step-out drilling along strike and down dip will be completed to further test the continuity of the mineralization.  It is also anticipated that the drill program will also characterize the widths and grades of the "Halo" mineralization.

Concurrent with the drilling, a surface exploration program consisting of 75 km of line cutting, 50-metre center geochemical soil sampling, 75 km of ground magnetics, 45 km of Induced Polarization, and detailed geological grid mapping will be carried out.  Drilling on outside targets is expected to commence in the second or third quarter of 2008 if quality targets are generated.

LACHIGURI

On September 24, 2007, the Company announced it had reactivated the Lachiguri project.  This concession is comprised of 3000 hectares, and is located 140 km south of the City of Oaxaca.  The project area lays over nine square kilometers of alteration believed to represent an epithermal system superimposed over a distal polymetallic limestone-replacement deposit.  Assay values from samples taken by Continuum geologists include up to 511 g/T silver, 7.16% lead and 18.1% zinc.

The 2008 exploration program calls for 60 km of line cutting, geochemical soil sampling on 50 centers, 60 km of ground magnetics, 40 km of Induced Polarization, and continued ground mapping.  Drilling will commence in the third or fourth quarter 2008 if quality targets are generated.

On Behalf of the Board of Directors of
CONTINUUM RESOURCES CORP.

Per: "Dale Schultz"

Dale Schultz, Vice President Exploration

Renmark Financial Communications Inc.
Barry Mire : bmire@renmarkfinancial.com
Dan Symons : dsymons@renmarkfinancial.com
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT TAKE RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Continuum Resources Ltd.

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CODE : CNU.V
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Continuum est une société de production minière d'argent et d'or basée au Canada.

Continuum détient divers projets d'exploration au Mexique.

Son principal projet en production est SAN JOSE PROJECT au Mexique et ses principaux projets en exploration sont LA PREDILECTA, NINO PERDIDO, TALEA, LACHATAO, TERI, LACHIGUIRI, NATIVIDAD et TAVICHE au Mexique et RICHARDSON LAKE au Canada.

Continuum est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 5,6 millions CA$ (4,4 millions US$, 3,5 millions €).

La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2003 à 1,20 CA$, et son plus bas niveau récent le 24 octobre 2008 à 0,01 CA$.

Continuum possède 124 038 000 actions en circulation.

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Dans les médias de Continuum Resources Ltd.
25/03/2010Gold and Metals Continuum
Financements de Continuum Resources Ltd.
14/01/2008Extends Expiry Date of Remaining Warrants
04/01/2008 Extends Expiry Date of Remaining Warrants
Nominations de Continuum Resources Ltd.
31/01/2008Appoints Leonard Sinclair of Clifton and Associates as Envir...
24/01/2008Appoints Alex Cruz as Country Manager for Mexico
10/01/2008Announces Appointment of New General Manager for Oaxaca Proj...
26/07/2007 appoints Dale Schultz Vice-President, Exploration
Projets de Continuum Resources Ltd.
15/04/2008(Tres Hermanas)Reports 367.8 G/T Ag, 7.48 % Pb and 6.06 % Zn Over 1.9 Metre...
02/04/2008(San Jose Project) Fortuna cuts 7.1 meters with 4.36 g/t Au and 302 g/t Ag in ...
21/02/2008(San Jose Project)Fortuna drills 7.95 meters with 9.37 g/t Au and 487 g/t Ag a...
12/02/2008Commences Drilling at its 100% Owned Tres-Hermanas Project
04/02/2008Delineates 31.20 Metres of Footwall and Hangingwall Ag-Pb-Zn...
16/01/2008(San Jose Project)announces drill results of 7.95 meters with 9.37 g/t Au and ...
20/12/2007(San Jose Project)Purchases Diamond Drill For 2008 Exploration Programs In Oax...
14/09/2007(Natividad)announces delay in release of Natividad 43-101
21/08/2007(San Jose Project)Announces Additional Drill Results at San Jose
30/05/2007(San Jose Project)San Jose Drill Program Cuts 104.9m of 283 g/t Ag + 2.48 g/t ...
15/05/2007(Natividad)Initiates Surface Drilling and Underground Bulk Sampling at ...
11/04/2007(Natividad)Underground Drilling at Natividad Intersects High-grade Gold...
03/04/2007(San Jose Project)Drill Program starts on San Jose high-grade shoot, looking t...
31/05/2006underground diamond drilling at the Navidad gold/silver mine...
Communiqués de Presse de Continuum Resources Ltd.
30/05/2008Announces Convertible Debenture Financing Totalling Up To $3...
19/03/2008LOI on Natividad Project Terminated
28/02/2008Increases Exploration on Oaxaca Gold Projects
01/02/2008Announces Letter of Intent for Sale of Natividad Project
29/01/2008 Retains Jose Juan Zorrilla of Human Environment Group to Ov...
19/12/2007Provides Exploration Summary and 2008 Objectives
16/11/2007 Adopts Shareholders Rights Plan
05/11/2007releases results for latest phase of drilling at Natividad P...
01/10/2007unable to reach joint venture agreement at Natividad
24/09/2007Reactives 100% owned Lachiguiri Project in Oaxaca State, Mex...
19/09/2007Recommences Ag-Pb-Zn exploration at their 100% owned Tres-He...
27/08/2007Confirms Cash Position and Investments
08/08/2007 retains Renmark Financial Communications Inc.
16/07/2007and Fortuna drill 25.1m averaging 10.9 g/t Au + 588 g/t Ag a...
28/05/2007Dr. Lawrence Dick resigns as Director and V.P. Exploration
01/05/2007Receives Permits for the Initiation of Surface Drilling and ...
20/03/2007Increases Landholdings in Natividad Gold ? Silver District, ...
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