Continent Resources Inc.

Continent Resources Inc.

July 17, 2009 17:05 ET

Continent Appoints Board Chairman and Welcomes Paul Matysek to Team

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2009) - Continent Resources Inc. (CNSX:CTT) is pleased to announce that Mr. Patrick Highsmith has been appointed the chairman of the board of directors of the Company, effective July 17, 2009. The Company is also pleased to announce that Mr. Paul F. Matysek has accepted the role of advisor to the Company.

Mr. Matysek is the President and Chief Executive Officer of Potash One Inc., where he is leading the company to feasibility stage on its Legacy Project in Saskatchewan. He was a founder and CEO of Energy Metals Corporation, which he helped grow from a market capitalization of $10 million to acquisition by a larger uranium producer for $1.8 billion. Since 1999, he has been involved in obtaining over $200 million of exploration and development financing.

Mr. Matysek is a geologist/geochemist and has served in an Executive or Director capacity for several exploration and development companies including: First Quantum Minerals Ltd., First Majestic Resource Corp., Energy Metals Corp., and Lithium One Inc. He has a wealth of technical and financial experience as well as over 35 years of exploration and development experience.

Commenting about the changes to Continent's team, Michael R. Pawlowski, Continent's President and Chief Executive Officer, said, "We are very pleased to have Paul Matysek join us as an advisor. He has an extraordinary track record in fund raising and value creation. Patrick Highsmith has only been with us for a little over a month, but we have worked closely together in the field and in the boardroom. He brings a great perspective on big copper systems from his experience at BHP Billiton and Newmont as well. Continent has a strong portfolio of advanced copper projects, and the insight and business development experience from our new team members are the perfect complement to our organization."

The Company has also granted 800,000 incentive stock options to certain directors and consultants. The options are exercisable at $0.64 per share and will expire on July 17, 2014.

About Continent Resources Inc.

Continent Resources Inc. holds a significant portfolio of advanced stage copper properties among the greatest cluster of porphyry copper deposits in the world, the southwest USA. The region produces more than 10% of the world's copper. The Company is focused on the discovery and development of copper resources which are suitable for leaching. Lone Mountain, the Company's feature property, is within sight of the large Tyrone and Chino porphyry copper deposits owned by Freeport-McMoRan.

For more information about Continent Resources, please visit:

On behalf of the board of directors of Continent Resources Inc.,

Michael R. Pawlowski, P.Geo., CEO, President & Director

The CNSX does not accept responsibility for the adequacy or accuracy of this release.

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