CONTINENTAL PREC.MIN.

cash = 20 Mio $ > Mkap = 14 Mio $        (cash laut Präsentation vom April 2011)

Und obendrein gibts das dazu:

2,8 Mrd. t @ 0,017 % U, 0,268 % V, 0,024 % Mo, 0,032 % Ni. = 1,0 Mrd. lbs. U, 16,7 Mrd. lbs. V, 1,5 Mrd. lbs. Mo., 2 Mrd. lbs. Ni.            

Eine Wahnsinns-Resource. Alles NI 43-101-konform. Bei den aktuellen Marktpreisen (50 $/lb U, 6,3 $/lb V, 14,5 $/lb Mo, 9,8 $/lb Ni) bedeutet dies einen in-situ Wert von 50 Mrd. $ für U, 105 Mrd. $ für V, 22 Mrd. $ für Mo, 20 Mrd. für Ni. Macht zusammen 197 Mrd. $ (in Worten: Milliarden, nicht Millionen).

Noch was: nur 5 % der Lizenz sind bis jetzt untersucht worden! Und es wurden noch neue Lizenzen erworben.

Es gibt sogar schon eine PEA: 1,04 Mrd. $ NPV @ 6,5 % discount. Hier wurde weniger als 1/10 der nachgewiesenen Resource einbezogen und man erwartet noch eine 80%-ige Reduktion der Verarbeitungskosten.

Man fragt sich, warum das Teil in einen Dornröschenschlaf versunken ist. O.k., Uran ist gerade nicht beliebt und Schweden liegt im Uran-hysterischen Europa. Außerdem kann CZQ diese Resource nicht selbst in Produktion bringen, dazu sind über 3 Mrd $ nötig. Mit der Metallurgie klappt es auch noch nicht richtig. Sollte es eine Abbaugenehmigung geben und sich ein zahlkräftiger Partner finden, dann ist CZQ ein Zig-Bagger. Mir scheint allerdings, daß der Dornröschenschlaf ziemlich tief ist und bis auf weiteres nicht endet.

For Immediate Release CONTINENTAL PRECIOUS MINERALS FILES NI 43-101 TECHNICAL REPORT ON LILL-JUTHATTEN LICENCE IN SWEDEN March 31, 2011 TORONTO, ONT. - Continental Precious Minerals Inc. (TSX-CZQ) (the “Company” or “Continental”) announced today that it has filed an NI 43-101 compliant technical report on its 100% owned Lill-Juthatten Licence, located in northern Sweden. Highlights: · Indicated Resource of 855,000 tonnes, grading at 4.74 pounds per ton of uranium oxide · 93% of the resources is classified as indicated · Advanced stage exploration prospect with gridded, resource definition drilling The Lill-Juthatten uranium deposit is located approximately 600 kilometres northwest of Stockholm at an elevation of about 700 metres above sea level, in an area close to the Norwegian border. The property was drilled extensively in the late 1970s and early 1980s by the Sveriges Geologiska Undersökning or the Geological Survey of Sweden (the "SGU") and associated state companies. Uranium mineralization occurs in the form of pitchblende disseminated in granite. The updated resource estimate is summarized in the table below: Lill-Juthatten Resources at a 0.035% U Cut-Off Grade Lill-Juthatten Resources Indicated Inferred tonnes 855,000 67,000 U3O8 (%) 0.237 0.204 U3O8 (lbs/ton) 4.74 4.08 Lbs U3O8 4,470,000 300,000 (1) Mineral resources, which are not mineral reserves, do not have demonstrated economic viability. The estimate of mineral resources may be materially affected by environmental, permitting, legal, title, taxation, socio-political, marketing or other relevant issues. (2) The quantity and grade of reported Inferred resources in this estimation are uncertain in nature and there has been insufficient exploration to define these Inferred resources as an Indicated or Measured mineral resource and it is uncertain if further exploration will result in upgrading them to an Indicated or Measured mineral resource category. (3) The mineral resources in this news release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council. “With an indicated resource of almost 4.5 million pounds of uranium oxide, Lill-Juthatten demonstrates the potential of our Swedish exploration licences beyond that of our flagship property, MMS Viken,” said Ed Godin, President and CEO. The Lill-Juthatten licence was initially granted on March 3, 2005 and was renewed on March 3, 2008 for an additional three-year term, which ended on March 3, 2011. Continental filed a renewal application in February 2011. Given the large backlog of applications being handled by the Swedish Inspectorate of Mines, Continental believes that the renewal will not be received by Continental for at least four months. Continental has no reason to believe that the renewal will not be granted. Gerald A. Harron, P.Eng. of G.A. Harron & Associates Inc., together with Eugene Puritch, P.Eng. of P&E Mining Consultants Inc. and Michele Cote of MPH Consulting Limited, each an independent qualified person under National Instrument 43-101, are responsible for the technical disclosure contained in this news release. Mr. Harron has also verified the data disclosed in this news release. About Continental Precious Minerals Inc. Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, Continental’s primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions. Cautionary Statement Regarding Forward-Looking Statements The indicated and inferred resource estimates contained in this news release are estimates only and are not equivalent to reserves and do not mean that the mineral resource can be economically mined. This news release also contains forward-looking statements regarding the Company’s expectation that the Lill-Juthatten licence will be renewed. Actual developments may differ materially from those contemplated by these statements because the Company must must rely on the Swedish Inspectorate of Mines to grant the renewal. Reference is also made to those factors discussed in the Company’s disclosure documents filed on SEDAR (www.sedar.com). 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. For further information, please contact: Ed Godin President T: (416) 805-3036 godine@rogers.com Craig MacPhail TMX | Equicom T: (416) 815-0700, ext. 290 cmacphail@equicomgroup.com

For Immediate Release CONTINENTAL PRECIOUS MINERALS ANNOUNCES UPDATE ON METALLURGICAL TESTING OF MMS VIKEN SAMPLES Reduced reagent consumption indicated March 18, 2011 – TORONTO, ONT. Continental Precious Minerals Inc. (TSX-CZQ) (the “Company” or “Continental”) announces an update on the metallurgical research on samples from its MMS Viken project in Sweden. Recent results from bench-scale testing on Viken samples have shown a significant reduction in reagent consumption in metal recovery processing. Based on results to date, overall uranium and molybdenum recoveries should be little changed from values in the Preliminary Economic Assessment (PEA), although the rate of uranium leaching may be slower. Vanadium leaching from material roasted at larger scale than in earlier work returned vanadium extractions lower than that assumed for the PEA. It is unknown at present whether this is an effect of chemistry or the scale of the tests. Testing and confirmation are ongoing and the Company expects to release detailed results later this year. The research is being carried out at Process Research ORTECH Inc. in Mississauga, Ontario. Al Hayden of EHA Engineering Ltd. is working with Process Research personnel on the project. Their previous research was incorporated into the Preliminary Economic Assessment filed on SEDAR on October 19, 2010. As alkaline leaching and roasting are the recommended methods of metal recovery to be applied at MMS Viken, a reduction of 85 to 90 percent in reagent consumption in the alkaline leaching for uranium extraction, as indicated by recent testwork, will have a direct impact on the operating cost and hence the cost of production. The final results from the metallurgical research will be incorporated into a pre-feasibility study and will be considered in the company’s decision to build a pilot plant. Qualified Persons Dr. V.I. Lakshmanan of Process Research Ortech Inc. and Alfred Hayden, P. Eng. of EHA Engineering are qualified persons, as defined in National Instrument 43-101, are independent of the Company and are responsible for the technical disclosure contained in this news release. About Continental Precious Minerals Inc. Continental Precious Minerals Inc. is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Continental published an NI 43-101 compliant technical report on March 19, 2009, that estimated an inferred resource at MMS Viken of about 2.81 billion tonnes containing 17 billion pounds of vanadium, grading at 5.4 pounds per ton, 1.5 billion pounds of molybdenum at a grade of 0.49 pounds per ton and one billion pounds of uranium at a grade of 0.3 pounds per ton. Resources have been reported using an average internal (processing plus G&A) US $7.50/tonne NSR cut off. Since March 2005, Continental’s primary goal has been to advance its Swedish assets. The Company is also evaluating other opportunities as they emerge in current market conditions. Cautionary Statement Regarding Forward-Looking Statements This news release contains forward-looking statements regarding anticipated results of metallurgical studies expected to be released later this year and the anticipated impact on operating costs and the cost of production, a pre-feasibility study and possible pilot plant at the MMS Viken Licence and surrounding licences in Sweden. There is no assurance that the Company will in fact be able to reduce reagent consumption, operating cost or cost of production or ever be successful in extracting metals from the Company's mineral exploration licences in Sweden on a commercial scale, or at all. 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. For further information, please contact: Ed GodinPresident & CEO T: (416) 805-3036 F: (905) 276-4862 godine@rogers.com Craig MacPhail TMX | Equicom T: (416) 815-0700, ext. 290 cmacphail