Source: Continental Gold Inc.

Continental Gold Announces Election of Directors

TORONTO, ONTARIO--(Marketwired - June 7, 2013) - Continental Gold Limited (TSX:CNL) (OTCQX:CGOOF) ("Continental" or the "Company") is pleased to announce that, on a vote by ballot, all nominees listed in the management information circular for the 2013 Annual General Meeting (the "Meeting") held earlier today were elected as directors of the Company. Detailed results of the vote for the election of directors are set out below:

Nominee Votes For %
For
Votes Against % Against Votes Abstained % Abstained
Robert W. Allen 49,617,944 54.36 37,955,482 41.58 3,702,386 4.06
Ari B. Sussman 87,494,415 95.86 79,011 0.09 3,702,386 4.06
Gary P. Barket 87,494,415 95.86 79,011 0.09 3,702,386 4.06
Jaime I. Gutiérrez 87,494,415 95.86 79,011 0.09 3,702,386 4.06
Paul J. Murphy 74,325,307 81.43 13,248,119 14.51 3,702,386 4.06
León Teicher 87,494,415 95.86 79,011 0.09 3,702,386 4.06
Kenneth G. Thomas 87,363,915 95.71 209,511 0.23 3,702,386 4.06
Timothy A. Warman 71,855,675 78.72 15,717,751 17.22 3,702,386 4.06

Final voting results on all matters voted on the Meeting will be filed on SEDAR at www.sedar.com.

About Continental Gold

Continental Gold Limited is an advanced-stage exploration and development company with an extensive portfolio of 100%-owned gold projects in Colombia. Spearheaded by a team with over 40 years of exploration and mining experience in Colombia, the Company is focused on advancing its high-grade Buriticá gold project to production.

Details on the Buriticá project and the rest of Continental's suite of gold exploration properties are available at www.continentalgold.com.

Contact Information:

Continental Gold Limited
Paul Begin
Chief Financial Officer
+1.416.583.5610
info@continentalgold.com
www.continentalgold.com