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Cours Or & Argent
Continental Precious Minerals Inc.: Shareholder Update
Published : January 16, 2012
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TORONTO, ONTARIO--(Marketwire - Jan. 16, 2012) - Continental Precious Minerals Inc. (News - Market indicators) (the "Company" or "Continental") is pleased to update shareholders on ongoing activities.

The Preliminary Economic Assessment dated October 19, 2010 ("PEA") on the Company's MMS Viken project recommended that the Company advance the MMS Viken project to a pre-feasibility study level by continuing preparatory engineering work such as:

o continuing metallurgical work on a larger scale to determine and improve viable process flow sheets including work to determine power generation from alum shale roasting
   
o continuing technical and engineering work to determine key parameters for mine design and processing
   
o investigating and studying the socio-political situation in the project area and securing land access for critical development
   
o investigating and negotiating commercial parameters of key project components such as power generation and supply agreements of electricity, supply agreements and sourcing for key mill reagents.

The Company has completed a significant amount of additional metallurgical test work since completion of the PEA. The intent of the ongoing test work has been to further improve process performance at a conceptual stage. Work on updating the PEA is ongoing. The Company and the authors of the PEA are currently in the process of reviewing and firming up metal price assumptions, which has proved to be a more challenging task than initially anticipated given the volatility of metal prices in the current global economic situation. Some further project cost estimating is also ongoing.

In addition to the Company's goal of updating the PEA with improved operating costs, Hatch Ltd. is currently reviewing the work completed to date and will be analyzing various process options, including bio-leaching.

As announced on November 7, 2011, a small group of shareholders (Sajjad Ebrahim, Ali Ebrahim, Salman Ebrahim, Jatinder Dhillon and Rita Hoff) filed notice of an application in the Superior Court of Ontario. The Company has filed a counter-application against the applicants. Cross-examinations are currently underway. The hearing is currently scheduled to be heard on February 15-16, 2012.

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. Such forward-looking statements are identified by words such as "estimates", "intends", "plans", "expects", "believes", "may" and "will" and include, without limitation, the Company's goal of advancing the MMS Viken project to a pre-feasibility study level by completing the steps recommended by the preliminary economic assessment dated October 19, 2010 and the goal of completing an updated preliminary economic assessment with improved operating costs as an interim step. There is no assurance that the Company will be able to achieve any of the goals referred to in this news release. Factors that could affect the outcome include, without limitation, the unpredictable nature of metallurgical work, metal prices and other factors that could affect operating and other costs not yet identified. There is no assurance that the Company will in fact be able to reduce operating costs or ever be successful in extracting metals from the Company's mineral exploration licences in Sweden on a commercial scale, or at all. 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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Nominations de Continental Precious Minerals Inc.
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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