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Continental Gold Announces Key Management Additions

TORONTO, ONTARIO -- (Marketwired) -- 06/17/14 -- Continental Gold Limited (TSX: CNL)(OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce the following appointments to its management team: Andres Osorio Anaya as Vice-President and General Manager; Mauricio Carrillo as Vice-President, Project Development, and Julian Gonzalez as Vice-President, Sustainability.

Andres Osorio Anaya has over 23 years of experience in underground and open-pit precious and base metal mines in Peru, Bolivia and Mexico. Prior to joining Continental, Mr. Osorio was General Manager of Endeavour Silver Corp.'s underground Guanacevi Mine in Mexico. He has previously worked as Central Operations Manager at Glencore Xstrata Plc's Sinchi Wayra Unit in Bolivia, and Operations Manager at Volcan Compania Minera SAA's Yauli Unit in Peru, where he was responsible for one open pit and three underground mines. During his career, Mr. Osorio has led the development, commissioning and operations at a number of narrow vein underground mines utilizing a variety of mining methods, including cut and fill and long-hole stoping. Mr. Osorio holds a Bachelor of Science in Mining Engineering from the Universidad Nacional de Ingenieria, Peru and an MBA from ESAN in Peru.

Mauricio Carrillo brings over 19 years of project management experience in construction and underground mining to the Company. Mr. Carrillo has been involved in international mining projects with a variety of commodities such as Pascua-Lama (gold/silver mine; Chile and Argentina; Barrick Gold Corporation), Chuquicamata (copper mine; Chile; Codelco), Oyu Tolgoi (gold/copper mine; Mongolia; Rio Tinto Group), Diavik (diamond mine; Canada; Rio Tinto Group) and Port Hope (uranium conversion facility; Ontario, Canada; Cameco Corporation). Prior to joining Continental, Mr. Carrillo was the Senior Project Manager for the Redpath Group at Pascua-Lama where he was responsible for a number of projects, including the underground excavation of a conveyor tunnel involving an access ramp, two shafts and two raises. Mr. Carrillo, born and raised in Colombia and a Canadian citizen, has a Bachelor of Science in Civil Engineering from Pontificia Javeriana University in Bogota, Colombia and an MBA from Tulane University in New Orleans, USA. Mr. Carrillo holds professional engineering licenses in Ontario, Canada (P.Eng) and Arizona, USA (PE).

Julian Gonzalez has over 20 years of Colombian and North American mining experience, with a focus on corporate social responsibility and community relations. Mr. Gonzalez was previously the Vice-President of Sustainability and Public Affairs for Cerrejon Coal Ltd., Colombia's largest private coal producer and exporter and recipient of multiple awards for best practices in environmental sustainability and community relations. Mr. Gonzalez, a Colombian citizen, holds a Bachelor's Degree in Economics and International Business from ICESI University in Bogota, Colombia.

"I would like to personally welcome Andres, Mauricio and Julian to the Continental team," commented Mark Moseley-Williams, President and COO of Continental. "They each bring valued experience and a required skill set to the Company - narrow vein underground mining experience, project development and commissioning expertise, and Colombian community relations and environmental sustainability knowledge - all critical to successfully advancing the Company's flagship Buritica project and delivering on our goal of becoming the leading producer of precious metals in Colombia."

About Continental

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buritica gold project to production.

Additional details on the Buritica project and the rest of Continental's suite of exploration properties are available at www.continentalgold.com.

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