Continental Energy Reports Results of FY2005 Annual General Meeting


DALLAS, Feb. 10, 2006 (PRIMEZONE) -- Continental Energy Corporation (OTCBB:CPPXF) today announced the results of its Fiscal Year 2005 Annual General Meeting (AGM), held on January 25, 2006 in Vancouver, B.C., Canada.

All matters voted upon were passed in accordance with the Company's recommendations, namely:


  --  Election of Directors. Mr. R. L. McAdoo, Mr. James D. Eger,
      Mr. Paul L. Hayes, Jr., and Mr. David T.W. Yu were elected
      to serve as directors for the ensuing year.

  --  Appointment of Auditor. Staley Okada and Partners, Chartered
      Accountants, Vancouver, B.C., were appointed as auditors for
      the ensuing year.

  --  Stock Option Plan. A Stock Option Plan, details of which
      were published in the Information Memorandum for the AGM,
      was adopted.

  --  Change of Fiscal Year End. The Company's Fiscal Year End was
      changed to June 30, beginning with FY2006, which will end on
      June 30, 2006.

  --  Adopt New Corporate Articles of Incorporation. New Articles,
      in accordance with the revised 2004 British Columbia Business
      Corporations Act and details of which were published in the
      Information Memorandum for the AGM, were adopted.

  --  Approve Stock Options. Issuances of new Stock Options and
      Amendments to existing Stock Options made during the year
      were approved.

  --  Ratify Other Acts. All other proceedings, resolutions, acts,
      deeds and things done, on behalf of the Company, by the
      Directors and Officers of the Company during the preceding
      year were confirmed, ratified and approved, and the Directors
      and Officers were authorized to continue to act on behalf of
      the Company.

About Continental Energy Corporation

Continental Energy Corporation is a small oil and gas exploration company, focused entirely on making a major oil or gas discovery in Indonesia. For further information, please visit our web site at www.continentalenergy.com or contact Jim Eger at 877-762-2366, Suite 1200, 14001 Dallas Parkway, Dallas, Texas 75240.


            

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