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Address: 401 - 1 University Ave
Toronto ON M5J 2P1
Phone: 416 643 7655
Fax: 416 643 3890
Website: http://www.continentalgold.com

Warrant Symbol - CNL.WT
Number  Trading - 6 million
Expiration Date - September 16, 2012
Cusip - G23850 AA 1
Exercise Price - $7.50

Continental Gold's warrants to list on TSX

2011-01-13 18:15 MT - Warrants Called to Trade

Continental Gold Ltd.'s six million common share subcription warrants will begin trading on the Toronto Stock Exchange at the open on Monday, Jan. 17, 2011, according to the TSX. The TSX reports that the warrants were issued in connection with a private placement of 12 million units which closed on Sept. 16, 2010. As in the company's Jan. 13, 2011, news release, the warrants will trade under the symbol CNL.WT. They are exercisable at a price of $7.50 until Sept. 16, 2012.

Continental Gold Warrants to Trade on the Toronto Stock Exchange

Commencing January 17, 2011
Toronto, Ontario, January 13, 2011 - Continental Gold Limited ("Continental Gold" or
the "Company") (TSX:CNL; OTC:CGOOF) is pleased to announce that the warrants (the "Warrants") of the Company issued on September 16, 2010 are expected to commence trading on the Toronto Stock Exchange (the "TSX") on January 17, 2011 under the symbol "CNL.WT". The Warrants are exercisable at a price of $7.50 until September 16, 2012. In the event that the closing price of the Company's common shares on the TSX is greater than $9.75 per share for a period of 20 consecutive trading days, the Company may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 30th day after the date on which such notice is given by the Company.

About Continental Gold Limited

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