Continental Precious Minerals Inc. Completes Share Consolidation

TORONTO, ONTARIO--(Marketwired - April 8, 2014) - Continental Precious Minerals Inc. (TSX:CZQ) (the "Company" or "Continental") announces that, further to its news release dated March 28, 2014, it has completed its common share consolidation (the "Consolidation"), effective April 3, 2014, based on a ratio of six (6) pre-consolidation common shares for one (1) post-consolidation common share.

The Company expects that the post-consolidation common shares (under the new CUSIP number 211906300 and new ISIN number CA2119063006) will commence trading on the Toronto Stock Exchange ("TSX") at the opening of market on April 10, 2014. The Company's name and stock symbol will remain unchanged. Letters of transmittal describing the process by which registered shareholders may obtain new certificates representing their consolidated common shares have been mailed to registered shareholders.

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements relating to the expected trading date of the post-consolidation common shares. As such, forward-looking information addresses future events and conditions and so involves inherent assumptions, risks and uncertainties. Actual results could differ significantly from those currently projected. The forward-looking statements contained in this news release represent the Company's views and expectations as of the date of this release and should not be relied upon as representing its views and expectations at any subsequent date. The Company assumes no obligation to update the forward-looking statements, unless required by law.