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Continental Precious Minerals Reports February 28, 2013 Results; Reduces Loss

Continental Precious Minerals Inc., (CZQ.TO) today announced its operating and financial results for the three and nine months ended February 28, 2013.

Continental reported a loss for the quarter ended February 28, 2013 of $69,651 (February 29, 2012 - $323,577). The decrease in net loss of $253,926 was primarily due to lower expense levels in professional fees, and travel and business development. Continental's income totaling $43,117 for the quarter ended February 28, 2013 (February 29, 2012 - $37,310) was earned primarily through interest income.

OUTLOOK

The Company previously announced that it has received an interim report by Hatch which demonstrates that bio-heap leaching is a potentially viable option for the production of uranium, nickel, zinc and copper at the Company's Viken Deposit.

Continental intends to update the 2010 Viken Preliminary Economic Assessment PEA anticipating the use of a bio heap leach scenario and incorporating the recent drill hole assay results as well as the results of the work currently under the supervision of Hatch which is expected to be completed November 30, 2013.

Continental closed at a yr low yesterday.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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