Continental Gold Drills 6.9 Metres @ 97.8 g/t Gold and 238 g/t Silver in the Yaragua System at Buritica, Colombia

TORONTO, ONTARIO--(Marketwired - June 9, 2014) -

Editors note: There are three graphics associated with this press release.

Continental Gold Limited (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce results for 27 diamond drill-holes from the Yaraguá vein system at the Company's 100%-owned Buriticá project in Antioquia, Colombia. Drilling will continue throughout 2014 with the goal of upgrading Inferred resources located at the elevation of the Higabra Valley Tunnel into the measured and indicated categories while simultaneously delivering robust overall mineral resource growth.

Highlights (referenced in Figures 1, 2 and 3)

• All 27 drill-holes were successful in infilling the May 2014 Yaraguá mineral resource envelope over a lateral extent of 600 metres and a vertical range of up to 600 metres. Nine of these drill-holes also extended the vein system, which remains open to the north, south, west and at depth.
  
  
• In eastern Yaraguá, drilling across all of the vein families commonly encountered vein grades X thicknesses significantly better than expected from the May 2014 Yaraguá mineral resource block model. Related intercepts and veins include:
  
  
  • 6.9 metres @ 97.8 g/t gold and 238 g/t silver (BUUY210, CNT, elevation of 1,404 metres);
  • 0.5 metres @ 72.3 g/t gold and 11 g/t silver (BUUY210, VND, elevation of 1,476 metres);
  • 2.2 metres @ 46 g/t gold and 71 g/t silver (BUUY210, SA, elevation of 1,418 metres);
  • 2.0 metres @ 12.7 g/t gold and 4 g/t silver (BUUY226, VNAD, elevation of 1,489 metres);
  • 2.1 metres @ 100.7 g/t gold and 53 g/t silver (BUUY226, FWV, elevation of 1,452 metres);
  • 1.0 metres @ 34.9 g/t gold and 35 g/t silver (BUUY226, HWV, elevation of 1,402 metres);
  • 0.5 metres @ 55.9 g/t gold and 5 g/t silver (BUUY226, MU3, elevation of 1,297 metres);
  • 1.15 metres @ 39.2 g/t gold and 27 g/t silver (BUUY254, CNT, elevation of 1,423 metres);
  • 5.5 metres @ 10.3 g/t gold and 25 g/t silver, including 1.7 metres @ 23.6 g/t gold and 49 g/t silver (BUUY254, MU4, elevation of 1,271 metres);
  • 5.4 metres @ 14.9 g/t gold and 62 g/t silver (BUUY254, MU, elevation of 1,204 metres);
  • 2.1 metres @ 40.1 g/t gold and 59 g/t silver, including 1.1 metres @ 72.5 g/t gold and 13 g/t silver (BUUY259, VNAD, elevation of 1,492 metres);
  • 2.8 metres @ 34.4 g/t gold and 194 g/t silver, including 1.3 metres @ 68.9 g/t gold and 337 g/t silver (BUUY259, HWV, elevation of 1,429 metres);
  • 4.7 metres @ 25.5 g/t gold and 54 g/t silver, including 1.2 metres @ 85.1 g/t gold and 189 g/t silver (BUUY259, SOF, elevation of 1,415 metres);
  • 2.0 metres @ 40.1 g/t gold and 24 g/t silver, including 1.0 metres @ 75.8 g/t gold and 16 g/t silver (BUUY259, VNC, elevation of 1,386 metres);
  • 0.5 metres @ 34.4 g/t gold and 810 g/t silver (BUUY259, MU11, elevation of 1,255 metres);
  • 0.55 metres @ 28.7 g/t gold and 37 g/t silver (BUUY259, MUS1, elevation of 1,185 metres); and
  • 0.5 metres @ 9.2 g/t gold and 932 g/t silver (BUUY238, N23, elevation of 1,321 metres).
    
    
• In western Yaraguá, drilling through most of the vein families commonly encountered vein grades X thicknesses significantly above those expected from the current mineral resource block model. Related intercepts and veins include:
  
  
  • 2.0 metres @ 22.0 g/t gold and 11 g/t silver (BUUY223, MU, elevation of 1,447 metres);
  • 4.2 metres @ 11.0 g/t gold and 47 g/t silver (BUUY223, PRE, elevation of 1,321 metres);
  • 2.2 metres @ 4.8 g/t gold and 1,124 g/t silver (BUUY223, SA, elevation of 1,068 metres);
  • 2.15 metres @ 161.2 g/t gold and 14 g/t silver (BUUY232, MU5, elevation of 1,435 metres);
  • 1.9 metres @ 13.6 g/t gold and 51 g/t silver (BUUY232, SA, elevation of 1,231 metres);
  • 1.5 metres @ 14.3 g/t gold and 5 g/t silver (BUUY240, VNE, elevation of 1,441 metres);
  • 0.9 metres @ 16.5 g/t gold and 12 g/t silver (BUUY250, PRE, elevation of 1,456 metres);
  • 1.1 metres @ 15.8 g/t gold and 5 g/t silver (BUUY255, MU5, elevation of 1,440 metres);
  • 1.6 metres @ 9.6 g/t gold and 7 g/t silver (BUUY255, VNBC, elevation of 1,362 metres);
  • 1.5 metres @ 7.6 g/t gold and 1,009 g/t silver (BUUY255, HWV, elevation of 1,268 metres);
  • 0.5 metres @ 39.4 g/t gold and 167 g/t silver (BUUY255, SA, elevation of 1,243 metres);
  • 0.5 metres @ 37.3 g/t gold and 128 g/t silver (BUUY255, N24, elevation of 1,091 metres);
  • 9.9 metres @ 9.1 g/t gold and 6 g/t silver, including 3.4 metres @ 16.8 g/t gold and 8 g/t silver (BUUY266, MU4, elevation of 1,467 metres);
  • 0.55 metres @ 122.0 g/t gold and 75 g/t silver (BUUY266, VNC2, elevation of 1,407 metres); and
  • 1.0 metres @ 11.7 g/t gold and 122 g/t silver (BUUY266, VNAD, elevation of 1,339 metres).
    
    
• A series of short, horizontal holes were drilled from the underground mine in central Yaraguá with a primary aim of infilling between the major vein packages. These drill-holes generally confirmed the existence of lower grade material between the main veins but also commonly demonstrated higher grades in the veins than for comparable areas in the current Yaraguá block model. Significant intercepts (approximately true widths) and related veins include:
  
  
  • 0.5 metres @ 30.0 g/t gold and 52 g/t silver (BUUY224, FWV elevation of 1,506 metres);
  • 0.5 metres @ 188.0 g/t gold and 42 g/t silver (BUUY224, NWSE, elevation of 1,506 metres);
  • 1.1 metres @ 10.2 g/t gold and 5 g/t silver (BUUY231, VNC2, elevation of 1,506 metres);
  • 0.5 metres @ 21.4 g/t gold and 20 g/t silver (BUUY248, VNC, elevation of 1,501 metres);
  • 0.5 metres @ 22.9 g/t gold and 21 g/t silver (BUUY252, VNE, elevation of 1,502 metres);
  • 1.5 metres @ 7.9 g/t gold and 5 g/t silver (BUUY257, VND, elevation of 1,443 metres);
  • 1.8 metres @ 19.5 g/t gold and 11 g/t silver (BUUY257, VNAD, elevation of 1,442 metres);
  • 0.5 metres @ 50.8 g/t gold and 45 g/t silver (BUUY257, N15, elevation of 1,441 metres);
  • 1.25 metres @ 12.7 g/t gold and 63 g/t silver (BUUY257, VNAD, elevation of 1,444 metres);
  • 0.5 metres @ 139.0 g/t gold and 41 g/t silver (BUUY262, VNBC, elevation of 1,444 metres); and
  • 1.7 metres @ 7.9 g/t gold and 5 g/t silver (BUUY265, VNAD, elevation of 1,444 metres).
    
    
• All of the above and other significant intercepts will either extend or consolidate higher grade sub-domains within most of the Yaraguá veins in eastern, central and western Yaraguá. The higher grade sub-domains occur in coherent packages across several vein families (see Figure 3, for western Yaraguá), constituting favourable scenarios for future underground development.
  
  
• Drillholes in eastern and western Yaraguá intersected veins outside of the current mineral resource model. In eastern Yaraguá, significant intercepts below the current mineral resource envelope include:
  
  
  • 0.5 metres @ 21.1 g/t gold and 86 g/t silver (BUUY226, elevation of 1,123 metres); and
  • 1.1 metres @ 5.3 g/t gold and 11 g/t silver (BUUY259, elevation of 1,075 metres).
    
    
• Significant intercepts to the north of the mineral resource envelope include:
  
  
  • 0.77 metres @ 8.5 g/t gold and 4 g/t silver (BUUY238, elevation of 1,242 metres; eastern Yaraguá); and
  • 2.1 metres @ 15.7 g/t gold and 90 g/t silver (BUUY266, elevation of 1,238 metres; western Yaraguá).

"I am most pleased that our 60,000-metre drill program for 2014 is yielding robust precious metal intercepts that for the most part, either correlate well to - or are better than - the related grades projected in specific areas of our latest mineral resource estimate," commented Ari Sussman, CEO of Continental.

Details

Continental's 100%-owned, 59,095-hectare project, Buriticá, contains several known areas of high-grade gold and silver mineralization, of base metal carbonate-style ("Stage I") variably overprinted by texturally and chemically distinctive high-grade ("Stage II") mineralization. The two most extensively explored of these areas (the Yaraguá and Veta Sur systems) are central to this land package. The Yaraguá system has been drill-outlined along 1,100 metres of strike and 1,300 vertical metres and partially sampled in underground developments. The Veta Sur system has been drill-outlined along 1,100 metres of strike and 1,400 vertical metres. Both systems are characterized by multiple, steeply-dipping veins and broader, more disseminated mineralization and both remain open at depth and along strike, at high grades. See "About Continental Gold" below for a précis of updated mineral resource estimates for the Buriticá project prepared in accordance with NI 43-101. This release documents the results of mainly infill drilling (completed after the December 31, 2013 closure of the database for the May 2014 mineral resource estimate) through broad extents of the Yaraguá system. Significant new drill intercepts are listed below in Table I and are referenced in Figures 1, 2 and 3.

Table I: Drilling Highlights

Drill-hole	From (m)	To (m)	Intercept (m)	Gold (g/t)	Silver (g/t)	Zinc (%)	Elevation (m)
BUUY210	5.00	6.50	1.50	3.80	16.5	0.11	1488
	18.00	18.50	0.50	72.30	11.4	0.14	1476
	37.10	39.00	1.90	2.17	2.9	0.05	1458
	55.90	58.20	2.30	2.06	22.2	0.18	1440
	79.10	81.30	2.20	46.01	71.3	0.08	1418
incl	79.70	80.80	1.10	88.85	112.1	0.07
	83.00	84.10	1.10	4.04	14.4	0.16	1415
	88.70	95.60	6.90	97.79	238.1	1.06	1404
incl	91.65	94.50	2.85	222.34	523.5	1.91
	100.50	101.00	0.50	28.50	113.0	3.47	1399
	129.70	130.80	1.10	7.05	71.9	0.60	1371
	245.50	246.50	1.00	4.61	8.5	0.65	1316
	270.70	272.50	1.80	2.87	8.6	0.13	1288
	288.60	291.00	2.40	3.73	26.8	0.04	1268
	320.00	320.80	0.80	4.22	9.0	0.17	1241
	334.50	335.00	0.50	8.02	32.5	0.10	1226
	372.60	373.10	0.50	2.56	4.2	0.05	1198
	385.90	389.20	3.30	5.41	75.5	0.25	1181
	495.00	495.50	0.50	8.04	26.3	0.06	1138
	503.00	504.50	1.50	3.96	4.3	0.04	1129
	541.50	542.00	0.50	1.79	23.4	0.09	1091
BUUY221	29.90	32.20	2.30	1.64	6.9	0.07	1465
	243.20	244.00	0.80	2.02	35.3	0.20	1270
	247.50	250.90	3.40	1.40	6.7	0.09	1264
	282.70	285.50	2.80	3.07	19.6	0.10	1232
	302.90	304.00	1.10	6.63	182.0	0.54	1214
	305.15	305.70	0.55	6.05	30.5	0.14	1213
	312.80	315.40	2.60	4.60	5.7	0.83	1204
	321.80	322.70	0.90	2.88	5.6	0.89	1197
BUUY223	15.20	15.80	0.60	10.60	173.0	0.28	1493
	22.20	27.50	5.30	1.26	3.0	0.56	1482
	34.05	43.00	8.95	3.56	6.0	0.39	1468
	45.15	47.00	1.85	6.63	7.5	0.98	1464
	49.50	51.00	1.50	5.20	7.7	0.86	1461
	58.65	59.25	0.60	3.95	6.6	0.47	1453
	63.70	65.70	2.00	22.00	10.5	0.56	1447
	73.00	76.50	3.50	6.69	5.9	0.38	1437
	90.00	90.50	0.50	4.51	5.0	0.66	1424
	107.50	108.45	0.95	3.41	5.3	0.12	1407
	118.50	119.40	0.90	2.35	4.0	0.24	1397
	131.60	133.15	1.55	1.82	3.2	0.21	1385
	140.25	146.90	6.65	5.80	3.0	0.22	1372
incl	142.35	144.40	2.05	11.19	3.1	0.42	1374
	160.10	161.00	0.90	13.10	10.7	0.18	1358
	168.00	169.85	1.85	5.31	5.0	0.12	1351
	174.20	178.70	4.50	2.67	4.9	0.04	1342
	187.65	190.50	2.85	1.87	3.3	0.17	1331
	197.00	201.20	4.20	10.99	47.4	0.12	1321
	206.05	208.50	2.45	6.80	6.3	0.28	1314
	210.40	212.20	1.80	9.11	20.0	0.03	1311
	227.15	229.50	2.35	2.31	2.3	0.01	1295
	249.70	250.50	0.80	1.37	3.9	0.52	1275
	299.45	299.95	0.50	11.60	5.2	0.09	1228
	309.36	309.93	0.57	7.08	10.6	0.06	1219
	376.90	377.40	0.50	2.35	15.3	0.01	1156
	383.15	385.10	1.95	3.03	6.9	2.06	1149
	469.80	472.00	2.20	4.82	1124.4	0.01	1068
	529.10	529.60	0.50	10.20	5.0	0.08	1014
	542.55	543.10	0.55	2.24	168.0	0.01	1002
	636.30	637.50	1.20	1.48	21.7	0.01	916
	647.10	647.60	0.50	2.80	36.4	0.00	906
BUUY224	7.50	8.00	0.50	30.00	51.9	1.71	1506
	16.35	17.15	0.80	4.90	1.68	0.07	1506
	21.55	22.05	0.50	188.00	41.90	0.71	1506
BUUY226	2.60	4.60	2.00	12.68	4.2	0.10	1489
	33.00	34.00	1.00	7.07	45.4	1.11	1463
	44.40	46.50	2.10	100.65	52.5	0.10	1452
	52.30	54.00	1.70	8.24	44.9	0.32	1445
	77.80	79.60	1.80	2.21	20.2	0.23	1423
	101.50	102.50	1.00	34.93	34.9	1.15	1402
	106.00	109.00	3.00	2.84	0.6	0.01	1397
	168.00	168.50	0.50	1.22	9.5	0.52	1344
	193.80	194.30	0.50	10.05	26.7	0.39	1321
	202.00	205.00	3.00	2.94	9.7	0.35	1313
	221.50	222.00	0.50	55.90	5.3	0.12	1297
	227.60	229.00	1.40	2.23	8.1	0.09	1291
	231.30	235.50	4.20	11.06	39.2	0.11	1288
incl	233.50	235.50	2.00	20.06	68.5	0.17
	253.00	254.50	1.50	1.36	3.8	0.39	1270
	295.00	296.00	1.00	2.69	14.5	0.05	1233
	304.50	305.00	0.50	6.55	4.4	0.10	1225
	308.00	313.00	5.00	5.74	53.0	0.50	1222
incl	308.00	310.00	2.00	11.05	122.9	1.00
	318.00	319.00	1.00	4.26	6.0	0.63	1213
	320.00	321.00	1.00	15.92	7.5	1.18	1209
	322.00	323.50	1.50	2.10	5.0	0.79	1208
	326.00	326.50	0.50	6.40	2.0	0.12	1207
	336.00	344.50	8.50	2.30	2.4	0.09	1196
	353.00	354.60	1.60	2.75	10.2	0.33	1182
	373.00	373.50	0.50	5.47	33.6	0.13	1166
	379.80	380.30	0.50	8.10	64.4	0.68	1159
	387.00	387.50	0.50	11.85	44.6	0.07	1153
	421.80	422.30	0.50	21.10	86.4	0.42	1123
BUUY230	18.50	19.50	1.00	1.75	38.2	0.08	1480
	46.90	47.45	0.55	3.99	21.8	0.27	1458
	54.50	56.00	1.50	9.83	30.7	0.55	1452
	57.77	58.43	0.66	9.38	8.5	0.07	1450
	61.00	61.80	0.80	2.23	2.3	0.05	1448
BUUY231	8.00	9.10	1.10	2.70	4.5	0.31	1506
	19.00	19.70	0.70	5.74	28.0	0.29	1506
	22.30	22.85	0.55	3.62	206.0	0.23	1506
	24.10	25.20	1.10	10.17	5.2	0.06	1506
	33.85	35.35	1.50	5.24	4.4	0.24	1506
	40.58	41.30	0.72	3.66	2.1	0.13	1506
BUUY232	21.00	24.45	3.45	2.70	6.1	0.74	1486
	36.00	36.85	0.85	6.15	8.3	0.48	1475
	46.15	51.00	4.85	3.28	9.1	1.25	1463
	54.00	58.00	4.00	1.43	6.6	0.95	1457
	63.00	67.65	4.65	1.19	3.5	0.30	1449
	69.00	69.70	0.70	8.46	5.0	0.08	1447
	81.25	83.40	2.15	161.18	14.1	0.19	1435
	92.80	95.00	2.20	2.50	7.2	0.90	1425
	109.00	109.75	0.75	2.25	4.5	0.29	1412
	112.50	113.10	0.60	3.80	4.4	0.01	1409
	122.20	125.30	3.10	1.99	3.5	0.05	1398
	159.00	161.00	2.00	1.60	9.6	1.15	1367
	177.00	180.20	3.20	6.76	8.7	0.03	1349
	183.90	186.75	2.85	1.68	4.5	0.02	1344
	193.10	195.60	2.50	2.67	3.4	0.03	1336
	198.10	199.50	1.40	1.93	9.1	0.07	1332
	211.50	212.80	1.30	1.65	1.9	0.06	1321
	254.80	255.30	0.50	0.31	365.0	0.11	1282
	281.00	282.50	1.50	2.47	16.3	0.10	1259
	285.30	288.40	3.10	1.80	2.8	0.01	1254
	304.80	314.05	9.25	4.90	15.1	0.04	1231
incl	304.80	306.70	1.90	13.57	50.9	0.08
	329.55	331.85	2.30	1.70	27.8	0.28	1215
	459.00	460.00	1.00	1.95	9.1	0.01	1103
BUUY233	98.10	98.70	0.60	0.46	30.0	0.17	1452
	254.20	254.70	0.50	0.29	44.1	2.61	1386
	266.10	266.70	0.60	0.16	71.7	0.42	1381
	332.60	333.90	1.30	0.84	14.5	0.06	1353
BUUY235	5.50	6.00	0.50	4.97	9.5	0.52	1505
	15.00	16.00	1.00	7.63	1.5	0.04	1505
	22.50	23.60	1.10	2.43	14.2	0.18	1505
BUUY237	2.00	3.00	1.00	3.68	5.5	0.31	1505
	7.50	8.00	0.50	14.10	16.0	0.20	1505
BUUY238	188.60	189.10	0.50	9.22	932.0	1.57	1321
	222.20	227.95	5.75	1.58	6.4	0.32	1286
	261.10	261.65	0.55	2.27	6.5	0.22	1255
	275.20	275.97	0.77	8.50	3.8	0.04	1242
	310.20	311.10	0.90	1.16	10.5	0.76	1210
	332.42	333.00	0.58	1.06	3.4	0.06	1190
BUUY240	12.00	14.00	2.00	2.23	5.0	0.25	1498
	44.30	58.30	14.00	2.09	5.8	0.73	1468
	64.95	66.50	1.55	6.79	9.2	0.41	1462
	70.00	73.20	3.20	2.67	4.8	0.28	1457
	77.55	91.85	14.30	3.48	5.6	0.43	1444
	95.00	96.50	1.50	14.31	4.6	0.36	1441
	101.10	101.80	0.70	10.85	7.8	2.30	1437
	113.70	114.20	0.50	1.38	7.4	0.34	1428
	151.20	151.90	0.70	0.87	86.4	0.07	1401
	163.50	164.00	0.50	1.31	23.3	1.00	1392
	286.20	287.40	1.20	1.91	11.3	0.03	1303
	289.10	289.70	0.60	10.50	1.9	0.05	1302
	294.50	296.30	1.80	7.02	25.2	0.24	1297
	457.90	458.55	0.65	3.13	17.3	0.01	1188
BUUY244	64.50	66.00	1.50	1.26	8.0	0.46	1472
	119.10	119.60	0.50	1.01	150.0	0.43	1452
	164.15	165.10	0.95	1.25	2.8	0.11	1437
	295.60	296.60	1.00	0.97	37.7	0.23	1390
BUUY248	3.00	3.91	0.91	1.30	0.7	0.02	1500
	13.75	14.25	0.50	5.65	33.6	4.35	1500
	26.80	27.30	0.50	2.38	9.2	0.32	1500
	42.50	43.20	0.70	1.64	3.6	0.74	1500
	50.54	51.08	0.54	1.99	15.2	0.92	1500
	69.90	70.40	0.50	21.40	19.6	0.60	1501
	86.60	87.10	0.50	1.71	2.5	0.20	1501
BUUY250	19.00	23.60	4.60	1.66	4.9	0.34	1495
	30.36	31.10	0.74	2.61	7.4	0.23	1491
	40.90	41.60	0.70	3.76	18.0	1.30	1486
	49.20	55.00	5.80	3.83	5.5	0.68	1479
	63.45	66.30	2.85	3.91	7.1	0.97	1473
	68.00	69.00	1.00	9.77	6.4	0.11	1471
	85.50	86.10	0.60	5.96	1.1	0.04	1462
	96.40	97.30	0.90	16.50	11.9	0.24	1456
	110.00	111.15	1.15	3.64	3.2	0.39	1448
	138.20	140.15	1.95	1.10	23.1	0.38	1432
	155.50	156.00	0.50	6.50	5.3	0.06	1423
	167.00	167.50	0.50	1.50	7.4	0.01	1417
	187.50	188.10	0.60	1.09	0.6	0.01	1405
	300.60	301.30	0.70	1.19	2.0	0.48	1340
	321.20	323.20	2.00	3.56	48.4	0.03	1328
	339.50	340.55	1.05	1.25	8.9	0.72	1318
	407.00	407.50	0.50	2.94	29.5	1.38	1283
BUUY251	88.40	89.20	0.80	3.57	15.9	0.09	1425
	166.60	167.60	1.00	1.16	22.9	0.13	1365
	234.35	234.85	0.50	0.90	6.4	0.37	1315
	257.00	260.05	3.05	5.24	3.2	0.01	1296
	318.60	319.25	0.65	1.13	1.5	0.15	1252
BUUY252	1.50	2.00	0.50	2.74	13.6	1.31	1502
	18.80	19.35	0.55	3.75	17.8	1.36	1502
	26.15	26.70	0.55	6.17	18.2	2.59	1502
	30.35	30.85	0.50	11.70	39.5	6.20	1502
	38.80	39.30	0.50	22.90	20.9	0.48	1502
BUUY254	35.60	36.10	0.50	9.75	55.4	1.10	1462
	48.90	50.10	1.20	15.68	15.9	0.11	1449
	54.65	55.65	1.00	6.15	31.6	0.07	1444
	58.50	59.50	1.00	19.15	82.6	0.40	1441
	73.80	74.90	1.10	2.74	51.8	0.42	1427
	78.25	79.40	1.15	39.18	26.9	1.54	1423
	102.35	103.97	1.62	22.54	63.3	1.66	1401
	171.00	171.50	0.50	4.24	9.1	0.16	1340
	174.13	176.15	2.02	1.30	2.8	0.20	1336
	183.25	183.75	0.50	19.25	9.5	0.39	1329
	212.15	214.00	1.85	2.26	5.1	0.50	1302
	228.17	229.26	1.09	3.16	3.3	0.12	1288
	236.00	236.63	0.63	7.17	12.1	2.71	1282
	240.32	241.22	0.90	6.94	1.5	0.03	1278
	243.50	249.00	5.50	10.25	25.0	0.07	1271
incl.	243.50	245.20	1.70	23.58	49.3	0.15
	265.77	266.27	0.50	6.93	24.1	0.87	1255
	273.50	274.00	0.50	3.19	1.5	0.32	1248
	303.00	303.70	0.70	1.78	3.3	0.13	1222
	308.30	308.80	0.50	3.33	11.7	1.41	1217
	319.60	325.00	5.40	14.94	61.8	0.29	1204
	338.10	344.20	6.10	2.16	9.5	0.15	1186
	350.50	353.00	2.50	2.69	6.1	0.27	1179
	389.00	391.50	2.50	3.51	8.8	0.05	1145
	393.20	394.40	1.20	8.09	45.4	1.25	1142
	437.66	438.28	0.62	5.10	14.1	0.11	1104
	459.00	461.20	2.20	3.84	39.1	0.17	1084
	488.50	489.75	1.25	1.16	0.8	0.01	1059
	511.70	512.30	0.60	0.50	82.5	0.04	1039
BUUY255	1.00	2.00	1.00	1.55	1.6	0.08	1506
	23.05	24.60	1.55	3.15	7.1	0.80	1487
	40.50	42.50	2.00	2.12	7.3	1.27	1472
	46.00	46.80	0.80	3.73	5.0	0.29	1468
	51.00	54.30	3.30	1.96	8.0	0.91	1462
	59.40	63.00	3.60	1.42	4.8	0.55	1455
	80.00	81.10	1.10	15.80	4.8	0.18	1440
	97.10	99.90	2.80	2.12	8.0	2.05	1424
	117.90	122.30	4.40	3.88	3.1	0.20	1405
	157.50	158.00	0.50	1.36	1.4	0.05	1374
	163.60	169.50	5.90	2.75	2.9	0.09	1365
	170.75	172.35	1.60	9.62	6.8	0.05	1362
	174.00	175.50	1.50	5.87	5.3	0.05	1360
	179.00	179.50	0.50	4.47	4.3	0.15	1356
	231.00	231.50	0.50	0.48	517.0	0.38	1312
	252.00	252.50	0.50	0.45	37.9	2.29	1294
	277.30	284.00	6.70	3.15	228.8	0.57	1268
incl	277.30	278.80	1.50	7.55	1009.0	2.04
	313.00	313.50	0.50	39.40	167.0	2.05	1243
	368.90	369.40	0.50	2.65	10.6	0.01	1196
	407.50	408.00	0.50	1.84	25.7	0.47	1164
	495.50	496.00	0.50	37.30	128.0	0.03	1091
	521.50	522.00	0.50	2.00	11.6	0.02	1070
BUUY256	9.00	13.10	4.10	2.63	2.2	0.12	1448
	14.50	15.70	1.20	1.16	12.6	0.20	1449
	17.50	20.05	2.55	3.55	15.2	0.14	1450
	22.50	24.10	1.60	2.78	31.0	0.54	1452
BUUY257	16.60	18.10	1.50	7.90	5.0	0.92	1443
	36.40	38.20	1.80	19.54	10.6	0.26	1442
	52.50	53.40	0.90	7.72	1.2	0.03	1442
	59.00	60.00	1.00	2.48	12.3	0.57	1442
	66.15	66.65	0.50	50.80	45.3	0.21	1441
	72.20	72.80	0.60	2.23	3.2	0.02	1441
	80.20	83.55	3.35	5.44	25.9	0.16	1441
incl	82.30	83.55	1.25	12.72	62.6	0.33
	87.00	87.60	0.60	1.38	45.3	0.51	1441
	91.55	93.35	1.80	1.14	21.2	0.41	1441
	95.25	96.60	1.35	3.58	31.5	0.23	1441
	99.85	101.95	2.10	1.68	21.4	0.30	1441
BUUY259	0.90	3.00	2.10	40.05	59.0	0.31	1492
incl	0.90	2.00	1.10	72.51	12.8	0.36
	28.15	29.50	1.35	2.66	7.0	0.37	1470
	39.10	40.20	1.10	9.58	84.9	0.06	1461
	45.00	46.00	1.00	5.33	59.9	0.11	1457
	55.00	56.00	1.00	4.76	5.5	0.24	1448
	77.70	80.50	2.80	34.35	193.8	1.54	1429
incl	78.20	79.50	1.30	68.87	336.6	1.83
	93.30	98.00	4.70	25.49	54.0	1.17	1415
incl	95.00	96.20	1.20	85.10	189.3	3.88
	130.50	132.50	2.00	40.12	24.3	1.13	1386
incl	131.50	132.50	1.00	75.75	16.1	0.61
	144.05	145.00	0.95	3.57	1.5	0.10	1376
	183.80	184.90	1.10	4.60	9.8	0.49	1344
	187.30	188.30	1.00	9.38	49.5	1.25	1341
	194.00	196.55	2.55	3.76	12.1	0.50	1334
	197.80	200.00	2.20	3.58	6.3	0.43	1332
	201.00	203.50	2.50	2.66	16.8	0.69	1328
	204.00	206.50	2.50	2.88	14.6	0.62	1326
	218.70	224.20	5.50	2.94	18.0	0.26	1312
	235.10	235.60	0.50	23.80	22.3	0.39	1302
	238.40	238.95	0.55	4.82	16.0	0.60	1300
	242.80	243.30	0.50	7.19	3.1	0.54	1296
	263.10	263.70	0.60	4.07	17.6	0.16	1280
	293.30	293.80	0.50	34.40	810.0	2.45	1255
	299.30	299.80	0.50	12.05	92.7	1.20	1250
	323.75	326.60	2.85	3.87	16.8	2.37	1229
	332.40	333.00	0.60	3.14	10.4	1.79	1224
	368.30	369.00	0.70	2.13	3.4	0.12	1195
	380.25	380.80	0.55	28.70	37.1	0.22	1185
	408.30	408.80	0.50	3.11	31.8	0.88	1162
	425.95	426.85	0.90	1.25	18.3	1.57	1148
	455.65	456.20	0.55	5.13	16.8	7.82	1124
	474.50	475.70	1.20	2.85	11.5	1.80	1109
	478.90	483.00	4.10	1.94	14.3	0.90	1103
	491.25	494.50	3.25	1.70	18.9	1.26	1094
	516.50	517.60	1.10	5.27	10.6	0.76	1075
	525.15	525.70	0.55	1.62	3.0	0.50	1068
BUUY262	28.45	29.40	0.95	1.21	4.2	0.27	1444
	35.80	36.75	0.95	1.36	3.9	0.05	1444
	43.00	43.50	0.50	139.00	40.9	0.07	1444
	81.65	82.20	0.55	1.37	4.1	0.10	1445
	87.10	88.00	0.90	2.20	14.7	1.27	1445
BUUY263	0.00	0.80	0.80	4.01	2.3	0.12	1493
	22.20	25.00	2.80	3.16	18.4	0.28	1474
	31.90	33.10	1.20	4.78	47.9	0.23	1467
	60.10	61.40	1.30	59.87	74.0	0.92	1444
	104.00	105.15	1.15	1.75	4.0	0.13	1409
	141.00	142.00	1.00	3.10	4.6	0.14	1379
	170.70	171.30	0.60	2.03	12.6	1.08	1355
	187.85	188.50	0.65	2.81	2.9	0.10	1342
	190.60	192.22	1.62	63.13	42.3	0.33	1339
	195.60	198.15	2.55	5.88	104.1	0.16	1334
	201.41	201.91	0.50	5.43	15.9	1.08	1331
	205.15	206.15	1.00	2.74	21.3	0.08	1328
	214.70	215.20	0.50	5.69	11.3	0.05	1320
	217.40	218.30	0.90	3.55	2.4	0.01	1318
	220.14	221.24	1.10	3.55	7.5	0.32	1316
	241.42	242.00	0.58	5.24	14.5	1.17	1299
	251.60	253.05	1.45	2.38	13.9	0.11	1291
	258.40	258.90	0.50	21.20	35.9	0.12	1286
	265.00	265.50	0.50	4.48	28.8	0.06	1280
	286.10	290.00	3.90	2.17	8.1	0.52	1262
	301.10	304.20	3.10	7.43	26.3	0.69	1250
	345.50	347.35	1.85	2.03	13.1	0.05	1217
	354.50	355.90	1.40	1.13	16.7	0.18	1210
BUUY265	17.55	19.40	1.85	2.03	6.8	1.64	1444
	40.95	42.65	1.70	7.91	4.5	0.27	1444
	53.95	54.55	0.60	4.53	18.8	0.98	1444
	71.95	72.45	0.50	4.72	1.0	0.01	1445
BUUY266	19.40	20.00	0.60	1.49	4.3	0.22	1495
	23.00	24.00	1.00	1.68	3.1	0.22	1493
	28.50	30.00	1.50	1.99	14.5	2.12	1489
	32.30	33.00	0.70	4.11	3.7	0.86	1487
	45.00	49.20	4.20	3.42	8.0	0.56	1477
	52.00	53.30	1.30	4.45	3.8	0.25	1474
	54.50	64.40	9.90	9.12	5.7	0.32	1467
incl	57.50	58.50	1.00	20.93	6.2	0.30
and	61.00	64.40	3.40	16.82	7.8	0.21
	69.00	69.50	0.50	3.31	8.3	0.32	1464
	73.00	80.00	7.00	1.52	3.5	0.32	1457
	95.50	96.00	0.50	14.20	3.5	0.14	1447
	143.05	145.05	2.00	7.22	28.6	0.11	1415
	156.45	157.00	0.55	122.00	75.2	0.07	1407
	161.80	162.30	0.50	5.16	2.0	0.01	1403
	251.40	252.50	1.10	1.62	13.6	0.33	1344
	258.00	264.20	6.20	3.88	36.0	0.77	1337
incl	260.00	261.00	1.00	11.72	121.6	0.88	1339
	285.00	285.50	0.50	1.44	9.5	0.11	1323
	352.15	353.15	1.00	1.04	3.5	0.07	1282
	369.90	370.40	0.50	3.19	13.9	0.23	1271
	393.00	393.60	0.60	1.54	2.1	0.25	1256
	423.00	425.10	2.10	15.73	89.6	0.39	1238

* Intercepts calculated at 1 g/t gold + 50 g/t silver cut-off grades for minimum intervals of 0.5 metres, with up to 30% internal dilution. True widths not accurately known but generally are between 30% of the down-hole interval and near true width (e.g. BUUY224, BUUY230, BUUY231, BUUY235, BUUY237, BUUY248, BUUY252, BUUY256, BUUY257, BUUY262 and BUUY265). Drill-holes designated "BUUY" were collared from underground.

Seven holes (BUUY210, BUUY221, BUUY226, BUUY230, BUUY254, BUUY259 and BUUY263) were south-drilled in eastern Yaraguá to transect and infill most of the vein system in this area (Figure 1). This infill drilling (Table 1) of a previously sparsely-tested area generally encountered vein grades and thicknesses comparable with those of the May 2014 Yaraguá mineral resource block model. However, for several of the vein families, grade X thicknesses were significantly higher than expected from the block model (Figure 3). Related intercepts and veins include:

• 6.9 metres @ 97.8 g/t gold and 238 g/t silver including 2.85 metres @ 222.3 g/t gold and 524 g/t silver (BUUY210, CNT, elevation of 1,404 metres);
• 0.5 metres @ 72.3 g/t gold and 11 g/t silver (BUUY210, VND, elevation of 1,476 metres);
• 2.2 metres @ 46.0 g/t gold and 71 g/t silver including 1.1 metres @ 88.9 g/t gold and 112 g/t silver (BUUY210, SA, elevation of 1,418 metres);
• 2.0 metres @ 12.7 g/t gold and 4 g/t silver (BUUY226, VNAD, elevation of 1,489 metres);
• 2.1 metres @ 100.7 g/t gold and 53 g/t silver (BUUY226, FWV, elevation of 1,452 metres);
• 1.0 metres @ 34.9 g/t gold and 35 g/t silver (BUUY226, HWV, elevation of 1,402 metres);
• 0.5 metres @ 55.9 g/t gold and 5 g/t silver (BUUY226, MU3, elevation of 1,297 metres);
• 4.2 metres @ 11.1 g/t gold and 39 g/t silver including 2.0 metres @ 20.1 g/t gold and 69 g/t silver (BUUY226, MU4, elevation of 1,288 metres);
• 1.2 metres @ 15.7 g/t gold and 16 g/t silver (BUUY254, FWV, elevation of 1,449 metres);
• 1.15 metres @ 39.2 g/t gold and 27 g/t silver (BUUY254, CNT, elevation of 1,423 metres);
• 5.5 metres @ 10.3 g/t gold and 25 g/t silver, including 1.7 metres @ 23.6 g/t gold and 49 g/t silver (BUUY254, MU4, elevation of 1,271 metres);
• 5.4 metres @ 14.9 g/t gold and 62 g/t silver (BUUY254, MU, elevation of 1,204 metres);
• 2.1 metres @ 40.1 g/t gold and 59 g/t silver, including 1.1 metres @ 72.5 g/t gold and 13 g/t silver (BUUY259, VNAD, elevation of 1,492 metres);
• 2.8 metres @ 34.4 g/t gold and 194 g/t silver, including 1.3 metres @ 68.9 g/t gold and 337 g/t silver (BUUY259, HWV, elevation of 1,429 metres);
• 4.7 metres @ 25.5 g/t gold and 54 g/t silver, including 1.2 metres @ 85.1 g/t gold and 189 g/t silver (BUUY259, SOF, elevation of 1,415 metres);
• 2.0 metres @ 40.1 g/t gold and 24 g/t silver, including 1.0 metres @ 75.8 g/t gold and 16 g/t silver (BUUY259, VNC, elevation of 1,386 metres);
• 0.5 metres @ 34.4 g/t gold and 810 g/t silver (BUUY259, MU11, elevation of 1,255 metres);
• 0.55 metres @ 28.7 g/t gold and 37 g/t silver (BUUY259, MUS1, elevation of 1,185 metres); and
• 0.5 metres @ 9.2 g/t gold and 932 g/t silver (BUUY238, N23, elevation of 1,321 metres).

Intersections in BUUY210 (from 503 metres down-hole), BUUY226 (from 421.8 metres downhole, including 0.5 metres @ 21.2 g/t gold and 86 g/t silver), BUUY254 (from 437.66 metres down-hole, including 0.62 metres @ 5.1 g/t gold and 14 g/t silver) and BUUY259 (from 516.5 metres downhole, including 1.1 metres @ 5.3 g/t gold and 10 g/t silver) are below the current mineral resource envelope and represent extensions of Murcielagos South vein families down to elevations of 1,100 to 1,000 metres.

Northernly-angled drilled holes (BUUY233, BUUY238, BUUY244 and BUUY251) examined the northern-most vein families in Yaraguá east into the San Agustin area (Figure 1). Intercepts within the current mineral resource envelope encountered vein grades and thicknesses similar to those in the Yaraguá block model, however, BUUY238 intersected vein N38 at considerably higher precious metal grades (0.5 metres @ 9.2 g/t gold and 932 g/t silver, elevation of 1,321 metres) than in the block model. Intersections in BUUY233 (from 254.2 metres down-hole), BUUY238 (from 275.2 metres down-hole, including 0.77 metres @ 8.5 g/t gold and 4 g/t silver, elevation of 1,242 metres), BUUY244 (from 164.15 metres down-hole) and BUUY251 (from 257.0 metres down-hole, including 3.05 metres @ 5.2 g/t gold and 3 g/t silver, elevation of 1,296 metres) are to the north of the current mineral resource envelope.

A series of short horizontal holes (BUUY224, BUUY231, BUUY235, BUUY237, BUUY248, BUUY252, BUUY256, BUUY257, BUUY262 and BUUY265) were drilled from underground mine openings in central Yaraguá primarily aimed at infilling between the major vein packages. These drillholes generally confirmed the existence of lower-grade material between the main veins but also commonly demonstrated higher grades in these veins than for comparable areas in the current Yaraguá mineral resource block model. Significant intercepts (approximately true widths) and related veins include:

• 0.5 metres @ 30.0 g/t gold and 52 g/t silver (BUUY224, FWV, elevation of 1,506 metres);
• 0.5 metres @ 188.0 g/t gold and 42 g/t silver (BUUY224, NWSE, elevation of 1,506 metres);
• 1.1 metres @ 10.2 g/t gold and 5 g/t silver (BUUY231, VNC2, elevation of 1,506 metres);
• 0.5 metres @ 21.4 g/t gold and 20 g/t silver (BUUY248, VNC, elevation of 1,501 metres);
• 0.5 metres @ 22.9 g/t gold and 21 g/t silver (BUUY252, VNE, elevation of 1,502 metres);
• 1.5 metres @ 7.9 g/t gold and 5 g/t silver (BUUY257, VND, elevation of 1,443 metres);
• 1.8 metres @ 19.5 g/t gold and 11 g/t silver (BUUY257, VNAD, elevation of 1,442 metres);
• 0.5 metres @ 50.8 g/t gold and 45 g/t silver (BUUY257, N15, elevation of 1,441 metres);
• 3.35 metres @ 5.4 g/t gold and 26 g/t silver, including 1.25 metres @ 12.7 g/t gold and 63 g/t silver (BUUY257, VNAD, elevation of 1,444 metres);
• 0.5 metres @ 139.0 g/t gold and 41 g/t silver (BUUY262, VNBC, elevation of 1,444 metres); and
• 1.7 metres @ 7.9 g/t gold and 5 g/t silver (BUUY265, VNAD, elevation of 1,444 metres).

Six holes (BUUY223, BUUY232, BUUY240, BUUY250, BUUY255, and BUUY266) were northwest-drilled into western Yaraguá to transect and infill most of the vein system in this area (Figure 1). This infill (Table 1), of a previously sparsely-drilled area, generally encountered vein grades and thicknesses comparable with those of the May 2014 Yaraguá mineral resource block model. However, for several of the vein families, grade X thicknesses were significantly higher than expected from the block model. Related intercepts and veins include:

• 2.0 metres @ 22.0 g/t gold and 11 g/t silver (BUUY223, MU, elevation of 1,447 metres);
• 4.2 metres @ 11.0 g/t gold and 47 g/t silver (BUUY223, PRE, elevation of 1,321 metres);
• 2.2 metres @ 4.8 g/t gold and 1,124 g/t silver (BUUY223, SA, elevation of 1,068 metres);
• 2.15 metres @ 161.2 g/t gold and 14 g/t silver (BUUY232, MU5, elevation of 1,435 metres);
• 9.25 metres @ 4.9 g/t gold and 15 g/t silver, including 1.9 metres @ 13.6 g/t gold and 51 g/t silver (BUUY232, SA, elevation of 1,231 metres);
• 1.5 metres @ 14.3 g/t gold and 5 g/t silver (BUUY240, VNE, elevation of 1,441 metres);
• 0.9 metres @ 16.5 g/t gold and 12 g/t silver (BUUY250, PRE, elevation of 1,456 metres);
• 1.1 metres @ 15.8 g/t gold and 5 g/t silver (BUUY255, MU5, elevation of 1,440 metres);
• 1.6 metres @ 9.6 g/t gold and 7 g/t silver (BUUY255, VNBC, elevation of 1,362 metres);
• 1.5 metres @ 7.6 g/t gold and 1,009 g/t silver, including 0.5 metres @ 39.4 g/t gold and 167 g/t silver (BUUY255, HWV, elevation of 1,268 metres);
• 0.5 metres @ 39.4 g/t gold and 167 g/t silver (BUUY255, SA, elevation of 1,243 metres);
• 0.5 metres @ 37.3 g/t gold and 128 g/t silver (BUUY255, N24, elevation of 1,091 metres);
• 9.9 metres @ 9.1 g/t gold and 6 g/t silver, including 3.4 metres @ 16.8 g/t gold and 8 g/t silver (BUUY266, MU4, elevation of 1,467 metres);
• 0.55 metres @ 122.0 g/t gold and 75 g/t silver (BUUY266, VNC2, elevation of 1,407 metres); and
• 1.0 metres @ 11.7 g/t gold and 122 g/t silver (BUUY266, VNAD, elevation of 1,339 metres).

BUUY266 (from 423 metres down-hole) intersected a high grade vein (2.1 metres @ 15.7 g/t gold and 90 g/t silver, elevation of 1,238 metres) outside of the current Yaraguá mineral resource envelope.

All of the above and other significant intercepts will either extend or consolidate higher grade sub-domains within most of the Yaraguá veins in eastern, central and western Yaraguá. The higher grade sub-domains occur in coherent packages across several vein families (for example, Figure 3, for western Yaraguá) constituting favourable scenarios for future underground development.

Technical Information

Vic Wall, PhD, special advisor to the Company and a qualified person for the purpose of NI 43-101, has prepared or supervised the preparation of, or approved, as applicable, the technical information contained in this press release. Dr. Wall is a geologist with 35 years' experience in the minerals mining, consulting, exploration and research industries. Following a career in Australian and North American academes, he held senior positions in a number of multinational major and junior minerals companies. A Fellow of the Australian Institute of Geoscientists, Dr. Wall is Principal of Vic Wall & Associates, a Brisbane-based consultancy that provides geoscientific services to mineral companies and government agencies worldwide.

The Company utilizes a rigorous, industry-standard QA/QC program. HQ core is sawn or split with one-half shipped to a sample preparation lab in Medellín run by ALS Colombia Limited ("ALS") in Colombia, whereas BQ core samples are full core. Samples are then shipped for analysis to an ALS-certified assay laboratory in Lima, Peru. The remainder of the core is stored in a secured storage facility for future assay verification. Blanks, duplicates and certified reference standards are inserted into the sample stream to monitor laboratory performance and a portion of the samples are periodically check assayed at ACME Analytical Laboratories in Vancouver, British Columbia and/or Inspectorate America Corp. in Reno, Nevada.

The Company does not receive assay results for drill-holes in sequential order; however, all significant assay results are publicly reported. A complete listing of assay results to date for the Buriticá project is available on the Company's website at www.continentalgold.com.

For additional technical information on the Buriticá project, please refer to the Company's technical report (the "Technical Report") entitled "2012 Mineral Resource Estimate of the Buriticá Gold Project, Colombia" dated November 15, 2012 with an effective date of October 22, 2012, prepared by Andrew J Vigar, BappSc Geo, FAusIMM, MSEG, and Martin Recklies, BappSC Geo, MAIG, each of Mining Associates Pty Limited (to be superseded), available on SEDAR at www.sedar.com, on the OTCQX at www.otcmarkets.com and on the Company website at www.continentalgold.com.

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buriticá gold project to production. On May 13, 2014, the Company announced an updated mineral resource estimate for the Buriticá project prepared in accordance with NI 43-101. This estimate covers the Yaraguá and Veta Sur vein systems, with a combined Measured mineral resource of 0.99 million tonnes of mineralized material containing 0.65 million ounces of gold grading 20.4 g/t gold, 1.54 million ounces of silver grading 48 g/t silver, and 15.0 million pounds of zinc grading 0.7% zinc, and a combined Indicated mineral resource of 7.41 million tonnes of mineralized material containing 2.15 million ounces of gold grading 9.0 g/t gold, 6.89 million ounces of silver grading 29 g/t silver, and 75.1 million pounds of zinc grading 0.5% zinc. The combined Inferred mineral resource is 16.7 million tonnes of mineralized material containing 4.2 million ounces grading 7.8 g/t gold, 13.1 million ounces of silver grading 24 g/t silver and 111 million pounds of zinc grading 0.3% zinc.

In August 2012, Continental achieved an important milestone, receiving formal approval for the modification of its existing Environmental Impact Assessment. The amendment allows the Company to build a six-kilometre switchback road and begin underground development by constructing a one-kilometre access tunnel. With a goal of being the newest hard rock gold producer in Colombia, Continental has achieved major advances with the access tunnel, which is providing access for underground drilling and will eventually be used for commercial production. A Phase V drill program is underway at the Buriticá project to further delineate the mineral resources and drill new target zones identified within its concessions.

Additional details on the Buriticá project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com.

Forward-Looking Statements

This press release contains or refers to forward-looking information under Canadian securities legislation, including statements regarding the estimation of mineral resources, exploration results, potential mineralization, and exploration and mine development plans, and is based on current expectations that involve a number of business risks and uncertainties. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. Readers should not place undue reliance on forward-looking statements. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and the other risks involved in the mineral exploration and development industry forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by law.

Differences in Reporting of Resource Estimates

This press release was prepared in accordance with Canadian standards, which differ in some respects from United States standards. In particular, and without limiting the generality of the foregoing, the terms "inferred mineral resources," "indicated mineral resources," "measured mineral resources" and "mineral resources" used or referenced in this press release are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects under the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly from standards in the United States. While the terms "mineral resource," "measured mineral resources," "indicated mineral resources," and "inferred mineral resources" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States. "Inferred mineral resources" have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or other economic studies. Readers are cautioned not to assume that all or any part of measured or indicated mineral resources will ever be converted into reserves. Readers are also cautioned not to assume that all or any part of an inferred mineral resource exists, or is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, United States companies are only permitted to report mineralization that does not constitute "reserves" by standards in the United States as in place tonnage and grade without reference to unit measures. Accordingly, information regarding resources contained or referenced in this press release containing descriptions of our mineral deposits may not be comparable to similar information made public by United States companies.

To view Figure 1– Plan View of highlights of new drilling, please visit the following link:
http://www.marketwire.com/library/20140609-950839-F1g.jpg.

To view Figure 2 - Long Section, Yaraguá, please visit the following link:
http://www.marketwire.com/library/20140609-950839-F2g.jpg

To view Figure 3 - Cross Section, western Yaraguá, please visit the following link:
http://www.marketwire.com/library/20140609-950839-F3g.jpg