Continental Precious Minerals Inc. Announces Changes in CEO and Audit Committee

TORONTO, ONTARIO--(Marketwired - Feb. 2, 2016) -

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") announces effective February 1^st, 2016 Rana Vig stepped down as Chief Executive Officer of Continental. Grant Sawiak currently a director of the Company has been appointed Chief Executive Officer in place of Mr. Vig.

David Pryce, Chairman of the Company states; "On behalf of the Board of Directors we thank Rana for his nearly three years of service to the Company. His contributions helped to advance the Company and we look forward to his continued support as a shareholder."

In addition, in light of Mr. Sawiak becoming Chief Executive Officer, Gordon Ashworth has been appointed to the Audit Committee of the Company in place of Mr. Sawiak.

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.

Common Shares: 11,706,896