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Continental Gold Ltd.

10:02 AM EST - Continental Gold Ltd. : announced further diamond drilling results from the Yaragua and Veta Sur Systems at its Buritica gold project in Antioquia, Colombia. To date, 45,000 metres of diamond drilling have been completed on the property as part of a program which will include an additional minimum of 60,000 metres in 2011. Among multiple vein and breccia intercepts, drill-holes BUUY-48 and BUUY-51 in the Yaragua System cut 3.5 m @ 76.72 g/t gold and 216.4 g/t silver and 2.7 m @ 60.53 g/t gold and 55.0 g/t silver, respectively. Continental Gold Ltd. shares T.CNL are trading up $0.51 at $9.96.