Continuum Resources Ltd.
TSX VENTURE : CNU

Continuum Resources Ltd.

August 25, 2006 17:32 ET

Continuum Resources Ltd.: $1,500,000 Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 25, 2006) - Continuum Resources Ltd. (TSX VENTURE:CNU) -

The Company announces that it has engaged Bolder Investment Partners as its Agent to conduct, on a commercially reasonable efforts basis, a private placement of up to 6,000,000 Units at a price of $0.25 per Unit for gross proceeds of $1,500,000. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant. Each whole warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.25 per share for a period of one year. The warrants also contain accelerated expiry provisions such that if the Company average share price rises above $0.50 over any consecutive 20 trading day period, the Warrants will expire within 30 days of holders receiving notice from the Company to that effect.

A cash commission of 8% of the total proceeds raised is payable to the Agent, which the Agent may elect to be paid in Units at the same price and having the same terms as the Units offered in the private placement. The Agent will also receive agent's warrants entitling them to purchase common shares totaling up to 10% of the number of Units issued under the private placement. Each agent's warrant will have the same terms as the warrants issued as part of the Units.

This placement is subject to the approval of the TSX Venture Exchange Inc. The proceeds of the private placement will be used primarily for exploration on the Company's mineral properties and for general working capital. Continuum is currently actively exploring numerous epithermal precious metals deposits located in the state of Oaxaca in Mexico, primarily the Natividad and San Jose-Taviche prospects.

ON BEHALF OF THE BOARD OF DIRECTORS

CONTINUUM RESOURCES LTD.

Greig Hutton, President


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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