Continental Gold Ltd.

Continental Gold Ltd. is a well-funded, advanced-stage exploration and development company. Led by experienced mining professionals, the company is focused on becoming a leading producer of precious metals in Colombia. Continental's flagship Buriticá project is located 75km northwest of Medellín, the second-largest city in Colombi, and is readily accessible by paved highway with great infrastructure including water availability and grid power. Continental's management team has proven experience in permitting, financing and building precious metal mines in Latin America. The company is dedicated to maximizing shareholder value while working to the highest standards of community commitment and environmental defensiveness.

Expert Comments:

GMP Securities (12/8/14)
"Continental Gold Ltd. remains among the few reasonably well financially positioned junior developers, visibly advancing the project to a build-ready point. The recent preliminary economic assessment presented a robust, large-scale mine that underscores the quality of the Buritica mine and supports our view of the project. We maintain our Buy rating."

Gwen Preston, Resource Maven (11/19/14)
"Continental Gold Ltd. released a PEA of its Buriticá project in Colombia earlier this week, which was roundly applauded for its strength and conservative approach. . .importantly, at $1K/oz gold Buriticá would still generate a 24.1% after-tax internal rate of return. . .Buriticá will almost certainly get bigger and, like I said, I think the company at $2.50 represents a good deal."

Mike Hocking, Scotia Capital (11/19/14)
"Continental Gold Ltd. released a PEA for Buriticá. . .it outlined an 18-year mine life with annual production of ~271 Koz gold equivalent at all-in sustaining costs of $502/oz (including byproduct Ag); at $1,200/oz Au and $17/Ag prices, the project generates an after-tax NPV 5% of $1.1B, an internal rate of return of 31.5% and a 2.8-year payback."

Ben Kramer-Miller, Seeking Alpha (11/18/14)
"Continental Gold Ltd.'s Buritica PEA looks extremely promising; shares are a potential double. . .the results are extremely strong and show very low production costs, a large annual production estimate and an achievable initial capex price tag. In spite of the risks, and even in my stress-tested scenario, I see tremendous upside going forward into production."

Jamie Spratt, Clarus Securities (11/18/14)
"We expect investors will be pleased by the outcome of Continental Gold Ltd.'s preliminary economic assessment for its 7 Moz gold Buriticá project in Colombia. The PEA outlined an 18-year mine life with average production of 265 Koz gold at a total cash cost of $431/oz and an AISC of $620/oz. The study compares favorably with our previously modeled assumptions and overall project economics are compelling with an after tax IRR of 24% at a gold price of $1,000/oz."

Dan Rollins, RBC Capital Markets (11/17/14)
"Continental Gold Ltd. released a positive PEA on its high-grade Buriticá project, which, in our view, outlines the strong underlying economics of the project and ability to withstand lower metal prices and/or higher operating/ capital costs. . . the PEA compares favorably to our forecast of 226 Koz gold and 275 Koz silver over 15 years at an average cash cost of $528/oz and sustaining cash cost of $655/oz. We had assumed upfront capital costs of $350M and sustaining costs of $437M. . .based on currently outlined timelines, receipt of final permits is expected in Q3/15."

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