Sept. 14, 2007: Vancouver, British Columbia: Continuum Resources Ltd (TSXV: CNU) wishes to provide an update on the progress of the preparation of its technical report (the "Technical Report") under National Instrument 43-101 for the Natividad property located in Oaxaca, Mexico (the "Natividad Project").
The Company's progress on the Natividad Project has been subject to several adverse factors in recent months which have resulted in continued delays to both the completion of certain planned exploration activities and the preparation of the Technical Report itself. In particular, underground exploration drilling efforts at the Natividad Project have encountered repeated delays due to difficulties in accessing the older workings in the existing mine structure, which have required considerable ground and infrastructure rehabilitation. This work was further hampered by mine site engineering problems in the historic and lower parts of the mine which prevented drill crews from reaching their targets according to original schedule.
In addition, problems were also encountered with surface drilling efforts due to poor infrastructure and the lack of dependable power and roads, and with drill platform locations due to the difficult topography. Finally, mechanical breakdowns to the drills and the unavailability of replacement drills slowed progress at various times during the summer.
The Company has been advised that the Technical Report has been materially completed and is currently undergoing final review and revision. As a result of the aforementioned delays, the Company has been further advised that the Technical Report will not contain any National Instrument 43-101-compliant resource estimate, as sufficient drilling was not completed to establish such a resource. Complete details of the results of the Company's activities at the Natividad Project will be disclosed in the Technical Report, which will be posted on www.sedar.com. Readers are cautioned to review both the Company's existing disclosure and the Technical Report when it is available.
Continuum is actively exploring 11 separate gold-silver projects in the state of Oaxaca, where Continuum has acquired approximately 200,000 hectares. Continuum is also 24% joint venture partner with Fortuna Silver Mines Inc. (TSXV: FVI) on the San Jose silver project, on which drilling continues to expand on the resource estimate previously announced by the Company on March 12, 2007.
On behalf of the Board of Continuum Resources Ltd.
"Warren M. McIntyre"
Warren M. McIntyre, Corporate Secretary and Director
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