Continental Gold Announces Filing of Preliminary Economic Assessment for the Buriticá Project

TORONTO, ONTARIO--(Marketwired - Dec. 23, 2014) - Continental Gold Limited (TSX:CNL)(OTCQX:CGOOF) ("Continental" or the "Company") announces the filing of the technical report regarding the independent Preliminary Economic Assessment ("PEA") for its 100%-owned Buriticá Project in Antioquia, Colombia, prepared in accordance with National Instrument 43-101. Highlights of the report were previously announced on November 17, 2014.

The technical report, entitled "Buriticá Gold Project, NI 43-101 Technical Report Preliminary Economic Assessment Antioquia, Colombia", was led by M3 Engineering and Technology Corporation of Tucson, Arizona, with contributions from other independent consultants including Chilean-based NCL Ingeniería y Construcción SpA, who was responsible for the development of the underground mine plan for the project.

The technical report has been filed on SEDAR pursuant to the Company's press release dated November 17, 2014, and is within the required 45-day period. This report can be accessed on SEDAR at www.sedar.com and on the Company's 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.

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