LOI On Natividad Project Terminated
Continuum Resources Ltd (TSXV:CNU) announces that Mr. Raul Diaz has advised the Company that he is unable to proceed with the letter of intent (the ?LOI?) for the proposed purchase of Continuum?s 70% interest in the claims constituting the Natividad mine (the ?Natividad Property?) along with a 100% interest in the claims surrounding the Natividad Property (for a complete description of the terms of the LOI, see news release dated February 1, 2008). The Company continues to seek joint venture or sale opportunities for the Natividad Property and the claims surrounding it.
Continuum is currently exploring 7 separate gold-silver projects in the state of Oaxaca, comprising approximately 125,000 hectares. Continuum is also a 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