The Gold Report

Continental Gold Ltd. TICKER: CNL:TSX; CGOOF:OTCQX Continental Gold Ltd. is a Colombian-focused mining company with aggressive exploration and pre-development activities underway at its high-grade flagship gold project, Buriticá. Extensive exploration is also being carried out at the company's highly prospective Berlin and Dominical gold properties. Continental Gold carries eight additional gold properties in its portfolio, bringing its quality land position to over 197,000 hectares. Results from Buriticá include 14m at 446 g/t Au and 166 g/t Ag.

The information provided below is from analysts, newsletters and other contributors. Please contact the company and visit its website before making an investment decision.

Expert Comments:

Jamie Spratt, Clarus Securities (5/16/13) "We have no doubt that Buriticá will ultimately take its place among the world's top quality projects; in our view, Buriticá has several features which we believe will make it a profitable commercial project throughout the cycle: our estimates suggest that total cash costs of <$500/oz should provide robust margins in a weaker gold price environment. . .our model also shows that the current share price implies a gold price of about $1,150/oz. . .we also believe that exploration upside at the project is likely to take global ounces to the 10 Moz mark."

The Gold Report Interview with Paul Harris (5/10/13) "Continental Gold Ltd.'s Buriticá could be producing 200 Koz a year for 20 years. It will be a cash cow for Continental Gold or whichever major eventually takes it over. . .Ari Sussman had great success at Colossus Minerals and is repeating that at Continental. At both companies he brought in the best technical expertise he could find, which increases the chance for success and successful execution. " More >

Joseph Fazzini, Dundee Securities (4/24/13) "Assets like Continental Gold Ltd.'s Buritica are few and far between, and recent volatility creates the opportunity to own something special. . . we expect explorers, underfunded developers and high-cost producers will continue to bear the brunt as investors reallocate capital to higher quality investment opportunities. As we consider Continental's 100%-owned Buritica to be one of the best undeveloped gold projects in the world today, we expect the company to ultimately benefit from this reallocation."

Jamie Spratt, Clarus Securities (4/12/13) "Continental Gold Ltd. released positive results from ongoing metallurgical test work at its 5.4 Moz Buritica project in Colombia, achieving average Au recoveries ranging from 90–96%. . .our analysis of the grade distribution of resources in the principal veins suggests significant potential for the project in the first 3–6 years of mine life. . .with Buritica as a world-class development project, compelling exploration upside and a management team that has delivered, the company remains a top pick in the space. . .we maintain our Speculative Buy rating."

Craig Stanley, Stifel Nicolaus (4/11/13) "Continental Gold Ltd. announced results from metallurgical test work performed on samples from its 100%-owned Buriticà project. . .gravity concentration followed by cyanidation of gravity tails has been selected as the preferred recovery process and will be incorporated in the prefeasibility study scheduled for H2/14. . .the gravity plus cyanidation process yielded gold recoveries averaging 95.4% and silver recoveries of 48.6%."

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