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Press release from Marketwire

Continental Precious Minerals Inc. 2012 Annual Meeting

Thursday, November 29, 2012

Continental Precious Minerals Inc. 2012 Annual Meeting17:15 EST Thursday, November 29, 2012TORONTO, ONTARIO--(Marketwire - Nov. 29, 2012) - Continental Precious Minerals Inc. (TSX:CZQ) (the "Company" or "Continental") announced that pursuant to an application it commenced in the Ontario Superior Court of Justice on October 19, 2012 (as noted in the information circular dated October 26, 2012), a number of interim matters that affect the application hearing and the previously announced December 20, 2012 meeting remain outstanding and have yet to be determined by the Court. Consequently, in addition to seeking the resolution of these matters by the Court, the Company will seek guidance from the Court to establish a timeline for a new meeting.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. FOR FURTHER INFORMATION PLEASE CONTACT: Contact Information: Continental Precious Minerals Inc.Ed GodinPresident & CEO(416) 805-3036(416) 848-0790 (FAX)godine@rogers.comKingsdale Communications Inc.Bernard SimonVice-President(416) 867-2304(416) 867-2271 (FAX)