January 28, 2008, Vancouver, BC - Continental Minerals Corporation ("Continental" or the "Company") (TSX Venture: KMK; OTCBB: KMKCF) announces the additional results from the 2007 drilling program on its Newtongmen discovery at the Xietongmen property, located 240 kilometers from Lhasa in the Tibet Autonomous Region of China.

Diamond drilling has continued to confirm the continuity of porphyry copper-gold mineralization at Newtongmen, and expand the deposit. Drills were deployed on a 100 meter by 100 meter grid, testing the deposit for 500-600 meters along eight north-south cross sections. A Drill Hole Plan and a Cross Section are posted on the Company's website. The current results, shown in the Table of Assays Results (attached), are largely from the eastern part of the grid. Highlights are presented from the eastern to westernmost section below:

Hole 7236N on section 636800E intersected 349 meters grading 0.43% CuEQ (0.35% Cu and 0.15g/t Au), including 78 meters grading 0.72% CuEQ (0.59% Cu and 0.25 g/t Au).

Hole 7232N, on section 636700 E, intersected 379 meters grading 0.34% CuEQ (0.28% Cu and 0.12 g/t Au), including 74 meters grading 0.51% CuEQ (0.43% Cu and 0.15 g/t Au).

Hole 7225N on section 636600E intersected 492 meters grading 0.46% CuEQ (0.36% Cu and 0.21 g/t Au), including 152 meters grading 0.68% copper equivalent (CuEQ; 0.50% copper and 0.35 g/t gold). This hole is located 100 meters south of Hole 7221 (previously released), which intersected 223 meters grading 0.76% copper equivalent (CuEQ; 0.54% copper and 0.43 g/t gold), including 77 meters grading 1.23% CuEQ (0.88% Cu and 0.67 g/t Au). Hole 7230N, located 100 meters south of hole 7225N, intersected 325 meters grading 0.46% CuEQ (0.34% Cu and 0.23 g/t Au), including 132 meters grading 0.75% CuEQ (0.57% Cu and 0.35 g/t Au).

Holes 7229N, 7223N, 7226N and 7231N were drilled on section 636400E. Hole 7229 intersected 594 meters grading 0.48% CuEQ (0.35% Cu and 0.25 g/t Au), including 148 meters grading 0.72% CuEQ (0.48% Cu and 0.45 g/t Au). Hole 7223 (previously released) and intersected 63 meters grading 1.01% CuEQ (0.64% Cu and 0.71 g/t Au). Hole 7226N intersected 424 meters grading 0.42% CuEQ (0.32% Cu and 0.20 g/t Au), including 215 meters grading 0.56% CuEQ (0.42% Cu and 0.26 g/t Au) and Hole 7231N intersected 325 meters grading 0.46% CuEQ (0.34% Cu and 0.23 g/t Au), including 149 meters grading 0.56% CuEQ (0.41% Cu and 0.30 g/t Au).

Hole 7234, drilled on section 636300E, 100 meters west of hole 7223N, intersected 600 meters grading 0.37% CuEQ (0.28% Cu and 0.18 g/t Au), including 111 meters grading 0.54% CuEQ (0.38% Cu and 0.30 g/t Au).

Long intervals of copper and gold mineralization were encountered in most of the holes from the 2007 drilling program at Newtongmen, with higher grade intervals intersected near to the surface, providing an excellent opportunity to define a higher grade starter pit. The deposit also remains open to further expansion in all directions.

Complete assays for 16 additional holes are pending.

Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument 43-101, is supervising the drilling program and quality assurance and quality control ("QAQC") programs on behalf of Continental Minerals Corporation, and has reviewed the contents of this release.

Continental's program includes rigorous QAQC procedures. Acme Analytical Laboratories of Vancouver, BC, an ISO 9001:2000 accredited laboratory, performs the sample pulverization and assaying for the project. Gold analysis is by 30 g Fire Assay fusion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish. Copper assays are done by four acid digestion with an ICP-ES/ICP-Mass Spectroscopy finish. Continental includes standards, blanks and duplicates in addition to the laboratory's internal quality control work.

For additional details, please visit the Company's website at www.continentalminerals.com or contact Investor Services at (604) 684-6365, or within North America at 1-800-667-2114.

On behalf of the Board of Directors

Ronald W. Thiessen
Co-Chairman

TABLE OF ASSAY RESULTS – NEWTONGMEN DEPOSIT

Drill Hole Plan Click to Enlarge

Cross Section Click to Enlarge

You can view the Next News Releases item: Mon Jan 28, 2008, Continental Announces Additions to Team To Advance The Xietongmen Project

You can view the Previous News Releases item: Wed Jan 9, 2008, Continental's Xietongmen Project Receives Two More Important Approvals Environmental Impact Assessment And Conservation Plan

You can return to the main News Releases page, or press the Back button on your browser.