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Press release from Business Wire

Standard & Poor's Initiates Factual Stock Report Coverage on Continental Gold Limited

Thursday, September 22, 2011

Standard & Poor's Initiates Factual Stock Report Coverage on Continental Gold Limited09:08 EDT Thursday, September 22, 2011 NEW YORK (Business Wire) -- Standard & Poor's announced today that it has commenced Factual Stock Report coverage on Continental Gold Limited. Continental Gold Limited (TSX: CNL), an advanced-stage exploration and development company, engages in the acquisition, exploration, evaluation and development of mineral properties, principally gold resource properties in Colombia. The company's nine gold projects cover over 197,000 hectares in Colombia. As of August 10, 2011, the company held the rights to explore and develop nine properties in Colombia totaling approximately 95,242 hectares, has pending registration concessions totaling 39,919 hectares and pending concession applications totaling 62,555 hectares. The company's primary focus is on its Buriticá project. Continental announced, on September 15, 2011, maiden gold, silver and zinc resource estimates for the Yaragua and Veta Sur vein systems. The company continues with a major 100,000-metre surface and underground drilling program to expand and increase the level of confidence of these resources in Yaragua and Veta Sur and to explore new targets at Buriticá. The modeling confirms that the Buriticá project contains multimillion ounce gold and silver resources and has the potential to grow substantially. The company commented, "the strength of the Continental Gold team is the desire and effort to always achieve more. This initial resource is a reflection of their dedication and puts the company on track to achieve its goal of commercial gold production in 2014". S&P Factual Stock Report coverage on Continental Gold Limited will also be accessible on an ongoing basis to the investment community by scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts. Please visit for additional information. About Standard & Poor's Factual Stock Reports This Standard & Poor's service provides factual research coverage enabling information about Continental Gold Limited and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company's fundamentals and business prospects. Currently profiling over 500 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks. Standard & Poor's Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor's. Standard & Poor's Factual Report research has no access to non-public information received by other units of Standard & Poor's. Standard & Poor's does not trade on its own account. Note:All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P's STARS research) are eligible to obtain this coverage. About Standard & Poor's Standard & Poor's, a division of The McGraw-Hill Companies (NYSE: MHP), is the world's foremost provider of financial market intelligence, including independent credit ratings, indices, risk evaluation, investment research and data. With approximately 10,000 employees, including wholly owned affiliates, located in 23 countries, Standard & Poor's is an essential part of the world's financial infrastructure and has played a leading role for more than 140 years in providing investors with the independent benchmarks they need to feel more confident about their investment and financial decisions. For more information, visit Photos/Multimedia Gallery Available: Gold LimitedElina Chow, 416-583-5611e.chow@continentalgold.comorStandard & Poor'sCustomer Contact:Richard Albanese, 212-438-3647richard_albanese@standardandpoors.comorMedia Relations:Michael Privitera,