Continental Precious Minerals Inc.
TSX : CZQ

Continental Precious Minerals Inc.

November 17, 2015 09:00 ET

Continental Precious Minerals Inc. Announces Results of Annual General Meeting

TORONTO, ONTARIO--(Marketwired - Nov. 17, 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") announces the results of its annual general meeting of shareholders (the "Meeting") held in Toronto, Ontario on November 16, 2015.

On November 13th, 2015 Mr. Robert Perry resigned as a director of the Company. In place of Mr. Perry, Mr. Gordon Ashworth was put forward at the Meeting as a nominee for election as a director of the Company. Mr. Ashworth presently leads a consulting firm in Toronto specializing in strategic management, communications planning, advertising and branding. He has had extensive experience both in the private sector and public sector. The other four Directors elected at the meeting are those that are set out in the Management Information Circular dated September 30th, 2015 that was furnished in connection with the calling of the Meeting.

The detailed results of the votes cast for each director elected at the Meeting were as follows:

Director Number of Votes for Percentage of Total Votes Cast
Dave Pryce 3,757,785 99.84%
Gordon Ashworth 3,757,769 99.84%
Martin Bernholtz 3,757,785 99.84%
Norman Brewster 3,757,769 99.84%
Grant Sawiak 3,757,785 99.84%

In addition, at the Meeting shareholders appointed Dale Matheson Carr-Hilton Labonte LLP, Chartered Accountants, as auditors of the Company.

The formal report on voting results with respect to the matters voted upon at the Meeting will be filed on SEDAR at www.sedar.com.

About Continental Precious Minerals

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

Cautionary Statement Regarding Forward-Looking Statements

Forward-Looking Statements: This news release contains certain forward-looking statements, including management's assessment of future plans and operations, and capital expenditures and the timing thereof, that involve substantial known and unknown risks and uncertainties, certain of which are beyond the Company's control. Such risks and uncertainties include, without limitation, risks associated with exploration, development, production, loss of markets, volatility of commodity prices, currency fluctuations, imprecision of reserve estimates, environmental risks, competition from other producers, inability to retain drilling rigs and other services, delays resulting from or inability to obtain required regulatory approvals and ability to access sufficient capital from internal and external sources, the impact of general economic conditions industry conditions, changes in laws and regulations (including the adoption of new environmental laws and regulations) and changes in how they are interpreted and enforced, increased competition, the lack of availability of qualified personnel or management, fluctuations in foreign exchange or interest rates, stock market volatility. The Company's actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements and, accordingly, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what benefits, the Company will derive there from.

Readers are cautioned that the foregoing list of factors is not exhaustive. Actual results and developments may differ materially from those contemplated by these statements. Additional information on these and other factors that could affect the Company's operations and financial results are included in reports on file with Canadian securities regulatory authorities and may be accessed through the SEDAR website (www.sedar.com).

Forward-looking statements in this news release are made as of the date of this release, and are made based on management's beliefs, estimates and opinions and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law. All subsequent forward-looking statements, whether written or oral, attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these cautionary statements. Furthermore, the forward-looking statements contained in this news release are made as at the date of this news release and the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by applicable securities laws. The forward looking statements or information contained in this press release are expressly qualified by this cautionary statement.

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

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