Continental Gold Appoints Dr. Claudia Jimenez to its Board of Directors

TORONTO, ONTARIO--(Marketwired - July 30, 2014) - Continental Gold Limited (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce the appointment of Dr. Claudia Jiménez to its Board of Directors.

Dr. Jiménez is a Colombian-based lawyer with extensive experience in economics and mining in Colombia and internationally. Dr. Jiménez is currently CEO of Jiménez & Asociados S.A.S., a private company based in Medellín, Colombia specializing in fiscal, financial and economic advisory services.

"On behalf of the Board of Directors, I am delighted to welcome Dr. Claudia Jiménez to the Company," commented Leon Teicher, Chairman of the Board. "It is a major accomplishment for the Company to have a director with Claudia's expertise in Colombian mining and economic circles, as we advance towards becoming Colombia's next gold producer."

Dr. Jiménez was formerly the Executive Director of the Association for the Large-Scale Mining Sector - SMGE (now the Mining Colombian Association), an organization created in 2011 which, under Dr. Jiménez's leadership, helped facilitate the rapid growth that the Colombian mining sector has experienced in recent years to become an important economic and social industry in Colombia. She was the Minister-Counselor of the President of Colombia between 2009 and 2010, and the Director of the Colombian Presidential Program for the Reform of the Public Administration (PRAP) at the National Planning Department (2002-2005). Her international experience includes serving as the Ambassador of Colombia in Switzerland and Liechtenstein between 2006 and 2009.

Dr. Jiménez graduated with a degree in Law and Political Science from the Universidad Pontificia Bolivariana in Medellín, Colombia, and later pursued a Doctorate of Law at the Université of Paris II (Panthéon-Assas) in France. In addition, she earned a Diplôme Supérieur Universitaire (Specialization in Administrative Law) and Diplôme d'Etudes Approfondies (Master in Public Law) at the Université de Paris II (Panthéon-Assas), France and an International Diploma in Public Administration from the Ecole Nationale d'Administration (E.N.A.), in Strasbourg, France.

"I am honoured to join the Board of Continental, and I welcome the challenge of guiding the Company to be a socially responsible leader in Colombia, fostering a positive working relationship with both local communities and governmental authorities," said Dr. Jiménez.

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