Continental Minerals Corporation
TSX VENTURE : KMK
OTC Bulletin Board : KMKCF

Continental Minerals Corporation
China NetTV Holdings Inc.
OTC Bulletin Board : CTVH

China NetTV Holdings Inc.

October 31, 2005 13:55 ET

Continental Minerals Corporation and China NetTV Holdings Inc.: Mutli-Rig Drilling Continues to Expand Xietongmen Copper-Gold Discovery

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Oct. 31, 2005) - Ronald W. Thiessen, President and CEO of Continental Minerals Corporation (TSX VENTURE:KMK)(OTCBB:KMKCF), and Anthony Garson, President and CEO of China NetTV Holdings Inc. (OTCBB:CTVH), announce the results from six additional core holes completed at the Xietongmen project, located 240 kilometres southwest of Lhasa in Tibet, People's Republic of China. Drilling, with six rigs in operation, is ongoing and continues to intersect long intervals of high-grade copper and gold mineralization. Assay results consistently show the strong continuity of the mineralization. The area drilled on 50 metre centres now measures approximately 700 metres northwest-southeast by 350 metres northeast-southwest. The deposit remains open to expansion in all lateral directions.

New results from drill holes numbered 5017 and 5032 through 5036 are reported below and a table of all drill hole assay results to date is attached. A Property Location Map, a Drill Hole Plan and Cross Sections are posted on the partner's websites at www.continentalminerals.com & www.ctvh-holdings.com. Drilling of holes 5051 through 5056 is currently underway at the site. Sampling or assaying of holes 5023, 5027 to 5031 and 5037 to 5050 is in progress.



XIETONGMEN PROJECT NEW ASSAY RESULTS

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Inter- Inter- Cu Au CuEQ AuEQ
Drill From To cept cept (1) (1) (2) (2)
Hole (metres) (metres) (metres) (feet) % g/t % g/t
--------------------------------------------------------------------
5017 28.6 284.1 255.5 838 0.69 0.99 1.27 2.18
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5017 Incl. 28.6 79.0 50.4 165 1.07 0.97 1.63 2.80
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5017 and 28.6 49.0 20.4 67 1.61 1.03 2.21 3.79
--------------------------------------------------------------------
5017 Incl. 172.0 284.1 112.1 368 0.70 1.23 1.42 2.43
--------------------------------------------------------------------
5032 31.0 296.0 265.0 869 0.45 0.73 0.87 1.49
--------------------------------------------------------------------
5032 Incl. 128.0 296.0 168.0 551 0.52 0.91 1.05 1.79
--------------------------------------------------------------------
5032 and 128.0 190.0 62.0 203 0.66 1.04 1.27 2.17
--------------------------------------------------------------------
5033 128.0 349.5 221.5 727 0.59 1.13 1.25 2.14
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5033 Incl. 168.0 312.0 144.0 472 0.65 1.30 1.41 2.42
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5034 20.8 224.0 203.2 667 0.69 0.77 1.14 1.96
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5034 Incl. 20.8 41.0 20.2 66 1.08 0.65 1.46 2.50
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5034 Incl. 152.0 218.0 66.0 217 0.74 1.29 1.49 2.55
--------------------------------------------------------------------
5035 83.0 303.0 220.0 722 0.50 0.90 1.03 1.77
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5035 Incl. 155.0 199.0 44.0 144 0.67 1.40 1.49 2.55
--------------------------------------------------------------------
5035 Incl. 251.0 293.0 42.0 138 0.68 0.92 1.22 2.09
--------------------------------------------------------------------
5036 20.1 208.3 188.2 617 0.56 0.99 1.14 1.95
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5036 Incl. 103.0 197.5 94.5 310 0.65 1.28 1.40 2.40
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(1) Copper capped at 5%, gold capped at 10 g/t for all calculations.
(2) Copper and gold equivalent calculations use metal prices of
US$1.00/lb for copper and US$400/oz for gold.
Adjustment factors to account for differences in relative
metallurgical recoveries for gold and copper will depend upon
the completion of definitive metallurgical testing.
CuEQ equals Cu % + (Au g/t x 12.86/22.046)
AuEQ equals (Cu % x 22.046/12.86) + Au g/t


Plans are to continue drilling to mid December. Also, property wide surface exploration and mapping is now underway to assess the full potential of the Xietongmen mineral property. In all, Continental expects to complete expenditures on the Xietongmen property of approximately US$5 million for 2005. Plans, budgets and schedules are now being worked up for aggressive programs and studies, including substantial drilling, for 2006. It is expected that the multi-rig delineation drilling program will continue after a break period for Christmas and Chinese New Year.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the drilling program and quality assurance and quality control ("QAQC") programs on behalf of Continental Minerals Corporation. The program includes rigorous QAQC procedures. Acme Analytical Laboratories of Vancouver, BC, an ISO 9001:2000 accredited laboratory, performs the sample preparation and assaying for the project. Gold analysis is by 30 g Fire Assay fusion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. Copper assays are done by four acid digestion with an ICP-ES finish. Continental includes standards, blanks and duplicates in addition to the laboratory's internal quality control work.

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that the companies expect are forward-looking statements. Although the companies believe the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements.

For more information on Continental Minerals Corporation, Investors should review the Company's annual Form 20-F filing with the United States Securities Commission and its home jurisdiction filings that are available at www.sedar.com.

For more information on China NetTV Holdings Inc., Investors should review the Company's annual Form with the United States Securities Commission at www.sec.gov.



XIETONGMEN ASSAY TABLE
OCTOBER 31, 2005

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Inter- Inter- Cu Au CuEQ AuEQ
Drill From To cept cept (1) (1) (2) (2)
Hole (metres) (metres) (metres) (feet) % g/t % g/t
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5001 15.8 277.6 261.8 859 0.41 0.60 0.76 1.30
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5001 Incl. 44.6 70.0 25.5 84 0.74 0.81 1.22 2.09
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5002 8.6 259.9 251.3 824 0.55 0.82 1.02 1.75
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5002 Incl. 44.5 77.2 32.7 107 0.96 0.77 1.41 2.42
--------------------------------------------------------------------
5003 2.5 226.1 223.6 734 0.37 1.05 0.99 1.70
--------------------------------------------------------------------
5003 Incl. 99.1 123.2 24.1 79 0.92 2.45 2.35 4.02
--------------------------------------------------------------------
5004 46.5 294.0 247.5 812 0.57 0.67 0.96 1.65
--------------------------------------------------------------------
5004 Incl. 46.5 188.0 141.5 464 0.70 0.77 1.15 1.97
--------------------------------------------------------------------
5005 20.4 200.0 179.6 589 0.36 0.53 0.67 1.15
--------------------------------------------------------------------
5005 Incl. 20.4 122.5 102.1 335 0.43 0.63 0.80 1.37
--------------------------------------------------------------------
5006 18.7 242.7 224.0 735 0.49 0.76 0.94 1.61
--------------------------------------------------------------------
5006 Incl. 18.7 121.6 102.9 338 0.71 0.99 1.28 2.20
--------------------------------------------------------------------
5007 41.2 97.0 55.8 183 0.88 0.29 1.05 1.80
--------------------------------------------------------------------
5007 151.0 195.0 44.0 144 0.22 0.70 0.63 1.08
--------------------------------------------------------------------
5008 17.0 306.0 289.0 948 0.63 1.07 1.25 2.14
--------------------------------------------------------------------
5008 Incl. 40.2 70.0 29.8 98 1.05 0.89 1.57 2.69
--------------------------------------------------------------------
5008 Incl. 155.0 181.3 26.3 86 0.98 1.67 1.95 3.35
--------------------------------------------------------------------
5009 82.0 137.5 55.5 182 0.42 0.47 0.69 1.19
--------------------------------------------------------------------
5010 36.7 122.0 85.3 280 0.63 0.50 0.91 1.57
--------------------------------------------------------------------
5010 Incl. 41.0 88.2 47.2 155 0.81 0.55 1.13 1.93
--------------------------------------------------------------------
5010 and 41.0 63.0 22.0 72 1.08 0.69 1.48 2.54
--------------------------------------------------------------------
5011 45.3 301.9 256.6 842 0.66 0.89 1.18 2.03
--------------------------------------------------------------------
5011 Incl. 45.3 184.0 138.7 455 0.80 0.94 1.35 2.31
--------------------------------------------------------------------
5011 Incl. 254.0 300.0 46.0 151 0.70 1.04 1.30 2.23
--------------------------------------------------------------------
5012 24.0 332.5 308.5 1012 0.87 1.26 1.61 2.76
--------------------------------------------------------------------
5012 Incl. 24.0 106.0 82.0 269 1.36 0.83 1.84 3.16
--------------------------------------------------------------------
5012 and 24.0 61.0 37.0 121 2.15 0.62 2.52 4.31
--------------------------------------------------------------------
5012 Incl. 119.1 332.5 213.4 700 0.72 1.46 1.57 2.69
--------------------------------------------------------------------
5013 42.0 349.4 307.4 1009 0.64 0.76 1.09 1.87
--------------------------------------------------------------------
5013 Incl. 66.0 176.0 110.0 361 0.83 0.89 1.35 2.32
--------------------------------------------------------------------
5014 76.0 304.0 228.0 748 0.51 0.84 1.00 1.71
--------------------------------------------------------------------
5014 Incl. 76.0 112.0 36.0 118 0.74 0.91 1.27 2.17
--------------------------------------------------------------------
5014 Incl. 171.0 211.0 40.0 131 0.59 0.94 1.14 1.95
--------------------------------------------------------------------
5015 48.3 363.9 315.6 1035 0.61 1.11 1.26 2.16
--------------------------------------------------------------------
5015 Incl. 182.0 232.0 50.0 164 0.79 1.49 1.65 2.84
--------------------------------------------------------------------
5015 Incl. 253.3 344.0 90.7 298 0.62 1.53 1.51 2.59
--------------------------------------------------------------------
5016 87.0 339.0 252.0 827 0.55 0.79 1.01 1.73
--------------------------------------------------------------------
5017 28.6 284.1 255.5 838 0.69 0.99 1.27 2.18
--------------------------------------------------------------------
5017 Incl. 28.6 79.0 50.4 165 1.07 0.97 1.63 2.80
--------------------------------------------------------------------
5017 and 28.6 49.0 20.4 67 1.61 1.03 2.21 3.79
--------------------------------------------------------------------
5017 Incl. 172.0 284.1 112.1 368 0.70 1.23 1.42 2.43
--------------------------------------------------------------------
5018 12.0 208.0 196.0 643 0.59 0.81 1.06 1.82
--------------------------------------------------------------------
5018 Incl. 22.0 167.0 145.0 476 0.63 0.84 1.12 1.91
--------------------------------------------------------------------
5019 38.0 46.0 8.0 26 0.72 0.08 0.76 1.31
--------------------------------------------------------------------
5019 66.0 365.0 299.0 981 0.56 0.80 1.02 1.75
--------------------------------------------------------------------
5019 Incl. 92.1 201.0 108.9 357 0.71 0.94 1.26 2.16
--------------------------------------------------------------------
5019 Incl. 315.9 362.6 46.7 153 0.61 1.08 1.24 2.13
--------------------------------------------------------------------
5020 80.0 288.0 208.0 682 0.54 0.69 0.94 1.61
--------------------------------------------------------------------
5020 Incl. 106.0 142.0 36.0 118 0.78 0.78 1.24 2.12
--------------------------------------------------------------------
5020 Incl. 187.0 288.0 101.0 331 0.53 0.85 1.02 1.75
--------------------------------------------------------------------
5021 Incl. 53.0 297.0 244.0 801 0.62 1.11 1.27 2.17
--------------------------------------------------------------------
5021 Incl. 119.0 297.0 178.0 584 0.68 1.36 1.47 2.52
--------------------------------------------------------------------
5021 187.0 374.0 187.0 614 0.53 1.22 1.24 2.12
--------------------------------------------------------------------
5021 Incl. 306.1 315.0 8.9 29 0.73 1.34 1.51 2.58
--------------------------------------------------------------------
5022 16.0 211.0 195.0 640 0.60 0.84 1.09 1.86
--------------------------------------------------------------------
5022 Incl. 119.0 187.0 68.0 223 0.78 1.03 1.38 2.36
--------------------------------------------------------------------
5023 Results Pending
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5024 113.0 370.6 257.6 845 0.60 0.94 1.15 1.96
--------------------------------------------------------------------
5024 Incl. 154.3 306.0 151.7 498 0.80 1.25 1.53 2.62
--------------------------------------------------------------------
5025 100.0 316.0 216.0 709 0.56 0.95 1.11 1.91
--------------------------------------------------------------------
5025 Incl. 158.0 316.0 158.0 518 0.57 1.10 1.21 2.07
--------------------------------------------------------------------
5026 47.0 324.0 277.0 909 0.44 0.66 0.83 1.42
--------------------------------------------------------------------
5026 Incl. 168.0 288.0 120.0 394 0.56 0.90 1.08 1.85
--------------------------------------------------------------------
5026 Incl. 248.0 288.0 40.0 131 0.66 1.39 1.48 2.53
--------------------------------------------------------------------
5027 Results Pending
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5028 Results Pending
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5029 Results Pending
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5030 Results Pending
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5031 Results Pending
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5032 31.0 296.0 265.0 869 0.45 0.73 0.87 1.49
--------------------------------------------------------------------
5032 Incl. 128.0 296.0 168.0 551 0.52 0.91 1.05 1.79
--------------------------------------------------------------------
5032 and 128.0 190.0 62.0 203 0.66 1.04 1.27 2.17
--------------------------------------------------------------------
5033 128.0 349.5 221.5 727 0.59 1.13 1.25 2.14
--------------------------------------------------------------------
5033 Incl. 168.0 312.0 144.0 472 0.65 1.30 1.41 2.42
--------------------------------------------------------------------
5034 20.8 224.0 203.2 667 0.69 0.77 1.14 1.96
--------------------------------------------------------------------
5034 Incl. 20.8 41.0 20.2 66 1.08 0.65 1.46 2.50
--------------------------------------------------------------------
5034 Incl. 152.0 218.0 66.0 217 0.74 1.29 1.49 2.55
--------------------------------------------------------------------
5035 83.0 303.0 220.0 722 0.50 0.90 1.03 1.77
--------------------------------------------------------------------
5035 Incl. 155.0 199.0 44.0 144 0.67 1.40 1.49 2.55
--------------------------------------------------------------------
5035 Incl. 251.0 293.0 42.0 138 0.68 0.92 1.22 2.09
--------------------------------------------------------------------
5036 20.1 208.3 188.2 617 0.56 0.99 1.14 1.95
--------------------------------------------------------------------
5036 Incl. 103.0 197.5 94.5 310 0.65 1.28 1.40 2.40
--------------------------------------------------------------------
(1) Copper capped at 5%, gold capped at 10 g/tonne for all
calculations
(2) Copper and gold equivalent calculations use metal prices of
US$1.00/lb for copper and US$400/oz for gold.
Adjustment factors to account for differences in relative
metallurgical recoveries for gold and copper will depend upon
the completion of definitive metallurgical testing.
CuEQ equals Cu % + (Au g/t x 12.86/22.046)
AuEQ equals (Cu % x 22.046/12.86) + Au g/t



No regulatory authority has approved or disapproved the information contained in this news release.

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