TORONTO, ONTARIO--(Marketwire - Dec. 19, 2012) - Continental Precious Minerals Inc. (TSX:CZQ) announced that the Ontario Superior Court of Justice today dismissed the application that Continental had commenced on October 19, 2012. Continental's annual meeting will proceed on December 20, 2012, as previously announced.

About Continental Precious Minerals Inc.:

Continental is a multi-mineral exploration company with multiple interests and exploration licences in Sweden. Since March 2005, our primary goal has been to advance its Swedish assets. We are also evaluating other opportunities as they emerge in current market conditions.

Contact Information:

Continental Precious Minerals Inc.
Ed Godin
President & CEO
(416) 805-3036
(416) 848-0790 (FAX)