Continental Precious Minerals Inc. Announces Change in Chairman

TORONTO, ONTARIO--(Marketwired - Aug. 4, 2015) -

THIS NEWS RELEASE IS NOT FOR DISSEMINATION IN THE UNITED STATES OR TO U.S. PERSONS.

Continental Precious Minerals Inc. (TSX:CZQ) (the "Company", or "Continental") is pleased to announce the appointment of a new Chairperson of the Board. Dave Pryce, the heading of global government relations for D2L, assumes the position effective today. Mr. Pryce replaces Rana Vig, who relinquishes the Chairperson position, but will remain as CEO and a Director of the Company.

"I am looking forward to working closely with the shareholders, Board of Directors and corporate leadership to explore new growth opportunities for Continental," said Mr. Pryce.

"We are thrilled to have someone of Dave's stature and international experiences join the Board at this critical time for the Company," states Board Director Marty Bernholtz. "I would also like to thank Rana for his stewardship as Chairperson and look forward to continuing to work with him in his capacity as CEO."

Mr. Pryce brings to the Board a wealth of international business experience, including his work with D2L, and before that as Vice President of Government Relations for EMEA and APAC at BlackBerry.

About Continental Precious Minerals

Continental is a multi-mineral exploration company with exploration licenses in Sweden and British Columbia. Since March 2005, Continental's primary goal has been to advance its Swedish assets, most notably the Viken project. The Company is also evaluating other opportunities as they emerge in current market conditions.

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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