Newtongmen was discovered by exploration drilling in 2006. Delineation drilling has confirmed the presence of a substantial porphyry copper-gold deposit and apparent strong continuity to the mineralization. The deposit remains open to expansion in three lateral directions and at depth. Results from the resource estimate are tabulated below:

Category	Cut-off	Tonnes Millions	Cu %	Au g/t	Ag g/t	Contained Cu B lb	Contained Au M oz	Contained Ag M oz
Indicated	0.30	186.5	0.40	0.22	0.99	1.66	1.30	5.90
	0.20	388.9	0.32	0.18	0.87	2.77	2.30	10.85
	0.15	486.0	0.29	0.17	0.82	3.15	2.70	12.80

Category	Cut-off	Tonnes Millions	Cu %	Au g/t	Ag g/t	Contained Cu B lb	Contained Au M oz	Contained Ag M oz
Inferred	0.30	84.4	0.37	0.06	0.13	0.68	0.17	0.36
	0.20	264.8	0.29	0.07	0.12	1.67	0.57	1.04
	0.15	379.3	0.25	0.07	0.12	2.11	0.80	1.44

Notes to the Tables:

¹ Contained metal calculations assume 100% recovery.
² Worldwide porphyry operations cut-offs generally range between 0.20 and 0.40% copper. Estimates for the Xietongmen deposit use 0.15% copper cut-off.
Wardrop considers that a higher threshold grade of 0.20% copper is appropriate for this initial estimate of Newtongmen.

The resource estimate is based on drill core assay results from 35 drill holes (approximately 16,000 meters) of which all but three were drilled vertically. The holes were drilled at about 100-meter spacing on eight lines, with holes on adjacent lines offset by approximately 50 meters, outlining an elongate, northwest trending near-surface zone of mineralization approximately 850 meters long and 450 meters in width with intersections of copper and gold mineralization to the limit of drilling at 713 meters depth. Long intervals of copper and gold mineralization were encountered in most of the holes starting from surface, with higher grade intervals intersected near to the surface.

The Newtongmen deposit is located approximately 2.5 kilometers northwest of the Continental's Xietongmen copper-gold deposit, which is at the permitting stage. Outlined by drilling in 2005 and 2006, the Xietongmen deposit hosts 219.8 million tonnes of measured and indicated resources grading 0.43% copper, 0.61 g/t gold and 3.87 g/t silver, containing 2 billion pounds of copper and 4.3 million ounces of gold at a 0.15% copper cut-off (see news release dated January 24, 2007).

Independent engineering firm Aker Kvaerner E&C completed a Feasibility Study on the Xietongmen deposit in 2007, based on a copper price of US$1.50/lb, a gold price of US$500/oz and a silver price of US$8.50/oz and 182 million tonnes of proven and probable mineral reserves contained within the mineral resources above (see news release dated August 15, 2007). The proposed 40,000 tonnes per day operation at Xietongmen would produce 116 million pounds of copper, 190,000 ounces of gold and 1.73 million ounces if silver per year over a 14 year mine life. Upon completion of the permitting process, the project would take approximately 24 months to construct, employing a construction workforce of 2,500. During operations, the direct workforce would be approximately 460 people.

The property has additional mineral potential as indicated by the Langtongmen copper-gold zone, discovered mid-way between the Xietongmen and Newtongmen deposits. Eight holes have been drilled at Langtongmen. Highlights include: Hole 5057 returned a 135 meter interval grading 0.28% copper and 0.31 g/t gold. Hole 6205 intersected 131 meters grading 0.28% copper and 0.22 g/t gold (see news releases dated October 11 and November 28, 2006). Langtongmen is one of the high priority deposit targets that require drilling on the extensive Xietongmen property.

As the Company prepares for receipt of permits to enable construction at Xietongmen to begin, its programs are focused on engineering design, completion of environmental and socio-economic reports, and community engagement activities. Its community consultation is designed to identify and deliver programs that reflect local priorities. Development programs underway in 2008 and 2009 include awards of scholarships for post secondary education, provision of supplies and equipment to local schools and health clinics and construction of greenhouses for local villages. Planning is nearly complete for additional agricultural and community health programs to be deployed in 2009.

President and CEO David Copeland stated:

"Diamond drilling has successfully outlined significant porphyry copper-gold mineralization at Newtongmen. The Company is currently focussing on engineering and permitting for the immediate development of the Xietongmen deposit, and the Newtongmen deposit represents another near term development opportunity that would dramatically extend mine life. These discoveries, in combination with our community development efforts, indicate that the Xietongmen project can bring long term benefits to the region."

The Newtongmen mineral resource estimate was prepared using geostatistical methods by Greg Mosher, P.Geo., of Wardrop Engineering, an independent Qualified Person as defined by Canadian National Instrument 43-101, who has reviewed this release. A technical report will be filed within 45 days on www.sedar.com.

David Copeland, P.Eng., President and CEO of Continental and a qualified person, has reviewed this news release on behalf of the Company. For further information, please visit the Company's website at www.continentalminerals.com or call Investor Services at 604-684-6365 or toll free in North America at 1-800-667∙2114.

David Copeland
President & CEO

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