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Continental Precious Appoints Mani Verma to Board of Directors

TORONTO, ONTARIO -- (Marketwire) -- 11/22/12 -- Continental Precious Minerals Inc. (TSX:CZQ) today welcomed Mr. Mani Verma to its board of directors.

Mr. Verma is a mining engineer with over 35 years of industry experience working with both mining companies and consulting firms. He has wide experience in the management of mining operations, feasibility studies, development of new projects, mergers and acquisitions, and mine financing.

"Mani adds a significant set of skills to our board," Ed Godin, Continental's chief executive, said. "His expertise will be invaluable as we continue to evaluate our flagship Viken project and our other Swedish exploration properties."

Mr. Verma was one of the founding partners of renowned Micon International Limited, an international consulting company. He has managed exploration companies, and has worked on hard rock, coal, tar-sands and mineral shale properties. He is a member of the Association of Professional Engineers of Ontario, and a member of the Canadian Institute of Mining, Metallurgical and Petroleum Engineers.

About Continental Precious Minerals Inc:

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

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

Kingsdale Communications Inc.
Bernard Simon
416.867.2271 (FAX)

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