Continental Gold Limited New CGOOF

RE:My Guess in mine permitting.

[AndrewKen]

Joseph Fazzini The Gold Report Interview with Joe Fazzini (7/27/15) "I cover Continental Gold Inc. The company just announced an updated mineral resource on its flagship Buritic project; the new resource provides a basis for the company's upcoming Feasibility study in 2016. With significant conversion of Inferred resources into Measured and Indicated, the new resource also provides a greater degree of confidence in the deposit. The next catalyst is obviously the permit. A lot of people are waiting to see Continental get its final operating permit. The permit would allow the company to build-out and expand Buritic from its current small-scale production. Recognizing the importance of the permit from a derisking perspective, our expectation is that Continental will receive the permit in the coming months. The Feasibility study will also play a key role as it will provide a better indication of potential project parameters and economics. . .it's quite clear Buritic is a high-grade underground mining scenario. The question is how big will it be? And what will it cost to develop Buritic? The PEA gives us a rough sense of what that project will look like, but the differences between the PEA and the Feasibility will be significant due to the additional amount of drilling and technical studies that will be completed. . .given the size of the deposit, the likelihood of an extensive mine life and the potential for potent project economics, we think Buritic is a project that a lot of companies would be interested in."