Continental Precious Minerals Inc.
TSX VENTURE : CZQ

Continental Precious Minerals Inc.

December 12, 2006 16:51 ET

Scott Walters Appointed as a Director of Continental Precious Minerals Inc.

TORONTO, ONTARIO--(CCNMatthews - Dec. 12, 2006) - Continental Precious Minerals Inc. ("Continental" or "Company") (TSX VENTURE:CZQ) announced today that the Board of Directors has appointed Mr. Scott Walters as a Director of the Company. "The Company is fortunate to have Mr. Walters as a member of the Board of Directors. We look forward to having access to his considerable experience and knowledge of the investment banking and energy businesses which will be of assistance to the Company in evaluating future financing plans and new opportunities in the uranium and energy field" commented Ed Godin, President of Continental.

Scott Walters has over eleven years of investment banking and securities industry experience. In 2004, Mr. Walters founded Max Capital Markets and currently serves as Managing Partner. Max Capital Markets is a Toronto based investment banking firm that finances private and public companies. Mr. Walters has been involved in the completion of over forty financings over the last two years and assisted in the recent equity raise of $16 million for the Company.

Previously, Mr. Walters was the founder and Managing Director of DeltaOne Asset Management. DeltaOne created and distributed several successful and top ranked alternative investment funds to Canadian investors. DeltaOne was sold to a financial services company with over $6 billion in assets in 2004. Prior to this, Mr. Walters held sales and trading roles with a mid-sized independent investment banking firm. Mr. Walters also spent several years with BMO Nesbitt Burns where he traded interest rate derivatives and developed various technologies for the Global Fixed Income Group.

The appointment of Mr. Walters as a Director of the Company is subject to the approval of the TSX Venture Exchange.

THIS PRESS RELEASE WAS PREPARED BY CONTINENTAL, WHICH ACCEPTS RESPONSIBILITY FOR ITS ACCURACY.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THE INFORMATION CONTAINED HEREIN.

Contact Information

  • Continental Precious Minerals Inc.
    Ed Godin
    President
    (416) 805-3036