Continuum delineates 31.20 metres of footwall and hangingwall Ag-Pb-Zn halo mineralization at its 100% owned Tres-Hermamas project; reports significant silver and molybdenum values from the San Sebastian vein



    TSX-V: CNU

    VANCOUVER, Feb. 4 /CNW Telbec/ - Dale Schultz, Vice President Exploration
of Continuum Resources Ltd. (TSXV:CNU) is pleased to announce results of the
December 2007 chip sampling and trenching work obtained from footwall and
hangingwall mineralization of the San Sebastian vein on the Company's 100%
owned Tres-Hermanas project in Oaxaca State, Mexico. A map illustrating the
locations of the samples and proposed holes can be viewed at
http://www.continuumresources.com/. A list of all samples is appended to the
end of this release

    HALO RESULTS

    Continuous chip channel samples of 1.0 metre intervals were taken on the
footwall and the hangingwall of the Ag-Pb-Zn San Sebastian vein adjacent to
the entrance to the lowest adit (Adit #1) of five adits previously driven on
the San Sebastian vein. Sampling from the hangingwall returned 15.2 metres of
79.76 g/t Ag, 4.12% Pb, 1.02% Zn, 0.29% Cu, 0.010% Mo. Footwall sampling
returned an interval of 16.0m of 37.06 g/t Ag, 0.25 % Pb, 1.68% Zn, 0.10% Cu,
and 0.003 % Mo. This sampling defines a mineralized halo with an aggregate
width of 31.20 metres around the polymetallic vein with a weighted average of
57.86 g/t Ag, 2.14 % Pb, 1.36 % Zn, 0.19 % Cu and 0.007 % Mo. Trenching
conducted north-east of the hangingwall chip channels returned 7.00 metres of
208.57 g/t Ag, 2.63% Pb, 0.60% Zn, 0.03% Cu and 0.070% Mo, whereas trenching
west of the footwall returned values of 6.00 metres of 65.58 g/t Ag, 0.90% Pb,
1.79% Zn, 0.13% Cu, and 0.004% Mo. Both the trenching and the chip channel
samples have collectively exposed the halo over 40 metres in plan view.
    The Company is currently preparing to conduct a surface diamond drill
program at the Tres-Hermanas property. Proposed drill holes 3H-001 and 002 are
designed to test the full extent of the halo mineralization in the sub
surface. The man-portable drill, purchased in December of 2007, is at the drop
zone at the Tres-Hermanas project and drilling is expected to commence in one
week.

    SAN SEBASTIAN VEIN RESULTS

    In addition to the halo mineralization, the first 50 metres of the
San Sebastian vein was sampled at Adit level #1. Very high grade silver values
were returned highlighted by the tunnel entrance returning 764.53 g/t Ag over
1.5 metres. One sample from this composite, consisting of the semi-massive
sulphide vein material, returned a value of 1440 g/t Ag over 0.65 metres. In
addition to high-grade silver, the vein also returned values of 10.36 % Pb,
1.20% Zn, 0.16% Cu, and 0.100% Mo. Of significant interest in this sampling
program was a number of high-grade Mo samples, highlighted by a composite of
0.32% Mo over 1.65 metres.
    Only the first 50 metres of the tunnel could be sampled as the balance of
the workings have collapsed and were inaccessible for sampling. Proposed holes
3H-001 and 002 in addition to testing the halo mineralization will also test
the subsurface continuity of the San Sebastian vein.
    The San Sebastian vein consists of a polymetallic Pb-Ag-Zn vein oriented
north-east south-west, having a known strike length of 500 meters, a down dip
extension of 200 plus metres, and dipping 65 to 70 degrees to the south-east.
Historical data obtained by the Company has been compiled, plotted and
analysed. In a document obtained by the Company titled "Report on the
Las Hermanas Mine, San Sebastian, Rio Dulce, Oaxaca, Mexico." James Wroth in
1926 estimated the grade at 8.24 oz/t Ag, 4.67 % Pb and 10.77 % Zn on
San Sebastian vein. This data IS NOT compliant with the standards set out by
the CIM or with National Instrument 43-101, and should be viewed as historical
in nature.
    Both the halos mineralization and the San Sebastian vein remains untested
by diamond drilling and are open along strike and to depth.
    All exploration activities conducted in Oaxaca State, Mexico are under
the supervision of Continuum's Exploration Manager, Alex Cruz.
    The Qualified Person for this project, under the definition established
by National Instrument 43-101, is Dale Schultz, P.Geo., Vice President -
Exploration for Continuum Resources Ltd. He is also the Managing Director and
Chief Consultant of Buscore International Consulting. Mr. Schultz has reviewed
the contents of this release for accuracy and compliance with regulatory
requirements.
    ALS-Chemex in North Vancouver, B.C, conducted geochemical analyses on all
samples.

    Background

    Continuum is actively exploring 9 separate gold-silver projects in the
state of Oaxaca, where Continuum has acquired approximately 166,000 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 Directors of
    CONTINUUM RE

SOURCES CORP. Per: "Dale Schultz" Dale Schultz, Vice President Exploration The TSX Venture Exchange has not reviewed and does not take responsibility for the adequacy or accuracy of this release. Halo - Hanging Wall Sample Results ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 42910 43.00 0.80 0.25 0.09 0.000 1.00 42911 50.00 2.33 0.32 0.17 0.001 1.00 42912 253.00 3.18 0.92 1.00 0.002 1.00 42913 63.00 5.49 0.37 0.10 0.002 1.00 42914 76.00 5.33 0.41 0.18 0.002 1.00 42915 113.00 10.05 0.40 0.19 0.002 1.00 42916 165.00 3.54 0.61 0.86 0.001 1.00 42917 91.00 7.66 0.73 0.35 0.001 1.00 42918 68.00 6.18 0.96 0.15 0.003 1.00 42919 62.00 2.62 0.74 0.11 0.006 1.00 42920 58.00 6.29 1.00 0.19 0.002 1.00 42921 50.00 5.78 2.69 0.18 0.001 1.00 42922 52.00 2.35 2.82 0.25 0.001 1.00 42923 11.00 0.39 2.46 0.09 0.001 1.00 45003 47.00 0.67 0.81 0.38 0.083 0.30 45004 48.00 0.42 0.71 0.46 0.151 0.90 ------------------------------------------------------------------------- Composite 79.76 g/t 4.12% 1.02% 0.29% 0.010% 15.20 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 42940 113.00 1.04 7.29 0.06 0.008 1.00 42941 111.00 0.60 1.70 0.31 0.004 1.00 42942 43.00 0.54 0.41 0.11 0.001 1.00 42943 103.00 3.01 0.68 0.17 0.011 1.00 42944 2.50 0.02 0.26 0.02 0.000 1.00 42945 21.00 0.24 0.42 0.12 0.001 1.00 ------------------------------------------------------------------------- Composite 65.58 g/t 0.90% 1.79% 0.13% 0.004% 6.00 m ------------------------------------------------------------------------- Halo - Footwall Sample Results ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 42924 103.00 1.10 1.54 0.08 0.018 1.00 42925 47.00 0.43 2.73 0.09 0.015 1.00 42926 11.00 0.05 3.21 0.10 0.000 1.00 42927 8.00 0.02 1.98 0.05 0.001 1.00 42928 20.00 0.02 0.94 0.10 0.001 1.00 42929 7.00 0.02 0.61 0.11 0.000 1.00 42930 32.00 0.03 0.39 0.24 0.000 1.00 42931 21.00 0.01 0.51 0.15 0.000 1.00 42932 35.00 0.20 1.07 0.09 0.001 1.00 42933 75.00 0.61 2.46 0.14 0.001 1.00 42934 39.00 0.11 1.52 0.15 0.001 1.00 42935 40.00 0.20 0.96 0.09 0.002 1.00 42936 29.00 0.23 1.12 0.07 0.002 1.00 42937 36.00 0.19 3.46 0.08 0.001 1.00 42938 34.00 0.37 1.71 0.06 0.003 1.00 42939 56.00 0.33 2.66 0.06 0.002 1.00 ------------------------------------------------------------------------- Composite 37.06 g/t 0.25% 1.68% 0.10% 0.003% 16.00 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 44883 17.00 0.24 0.19 0.02 0.002 1.00 44884 43.00 0.80 0.28 0.03 0.016 1.00 44885 27.00 0.65 0.26 0.04 0.021 1.00 44886 189.00 2.07 0.23 0.05 0.022 1.00 44887 426.00 4.30 1.31 0.03 0.079 1.00 44888 462.00 7.40 1.19 0.04 0.187 1.00 44889 296.00 2.93 0.75 0.04 0.141 1.00 ------------------------------------------------------------------------- Composite 208.57 g/t 2.63% 0.60% 0.03% 0.070% 7.00 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 42902 45.00 0.63 0.24 0.06 0.007 0.70 42903 9.00 0.07 4.32 0.13 0.001 1.00 42904 24.00 0.25 1.41 0.05 0.012 1.50 ------------------------------------------------------------------------- Composite 34.77 g/t 0.40% 3.00% 0.11% 0.010% 2.20 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 44890 14.00 0.21 2.62 0.11 0.003 1.00 44891 43.00 0.41 1.31 0.18 0.004 1.00 44892 43.00 0.52 1.48 0.06 0.014 1.00 44893 29.00 0.40 1.23 0.07 0.011 1.00 44894 33.00 0.43 0.46 0.06 0.003 1.00 44895 16.00 0.36 0.21 0.05 0.008 1.00 44896 15.00 0.07 0.21 0.04 0.012 1.00 44897 13.00 0.03 0.16 0.04 0.014 1.00 ------------------------------------------------------------------------- Composite 25.75 g/t 0.31% 0.96% 0.07% 0.010% 8.00 m ------------------------------------------------------------------------- Halo - Aggregate Weighted Average ------------------------------------------------------------------------- Trench Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- FW 37.06 0.25 1.68 0.10 0.003 16.00 HW 79.76 4.12 1.02 0.29 0.010 15.20 ------------------------------------------------------------------------- Composite 57.86 2.14 1.36 0.19 0.006 31.20 ------------------------------------------------------------------------- San Sebastian Vein - Adit No.1 ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45001 248.00 0.78 1.92 0.16 0.013 0.85 45002 1440.00 22.90 0.28 0.16 0.211 0.65 ------------------------------------------------------------------------- Composite 764.53 g/t 10.36% 1.20% 0.16% 0.100% 1.50 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45005 753.00 5.34 22.10 0.11 0.667 0.75 45006 33.00 0.34 0.46 0.09 0.042 0.90 ------------------------------------------------------------------------- Composite 360.27 g/t 2.61% 10.29% 0.10% 0.320% 1.65 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45007 437.00 7.08 20.10 0.07 0.315 0.8 m ------------------------------------------------------------------------- Composite 437.00 g/t 7.09% 20.10% 0.07% 0.315% 0.80 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45008 21.00 0.16 9.74 0.28 0.004 0.65 45009 71.00 1.11 0.73 0.46 0.165 0.25 45010 338.00 2.30 10.40 0.21 0.479 0.80 ------------------------------------------------------------------------- Composite 177.53 g/t 1.30% 8.72% 0.27% 0.250% 1.70 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45011 5.00 0.03 1.94 0.08 0.004 1.05 45012 16.00 0.14 8.36 0.21 0.009 0.90 45013 51.00 0.33 19.15 0.23 0.010 0.70 45014 184.00 2.58 0.84 0.05 0.165 0.90 ------------------------------------------------------------------------- Composite 62.23 g/t 0.76% 6.68% 0.14% 0.047% 3.55 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45015 5.00 0.03 0.94 0.06 0.003 1.20 45016 137.00 1.33 4.66 0.09 0.083 0.90 45017 158.00 2.39 16.25 0.04 0.190 0.70 ------------------------------------------------------------------------- Composite 85.67 g/t 1.04% 5.96% 0.07% 0.100% 2.80 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45026 217.00 2.29 9.79 0.09 0.102 0.90 45027 56.00 0.83 1.43 0.02 0.182 0.70 ------------------------------------------------------------------------- Composite 146.56 g/t 1.65% 6.13% 0.06% 0.135% 1.60 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45028 137.00 1.87 0.73 0.17 0.083 0.55 45029 283.00 3.28 1.58 0.04 0.059 0.75 45030 825.00 8.33 18.80 0.32 0.270 0.25 ------------------------------------------------------------------------- Compoiste 318.61 g/t 3.59% 4.05% 0.13% 0.100% 1.55 m ------------------------------------------------------------------------- ------------------------------------------------------------------------- SampleID Ag g/t Pb % Zn % Cu % Mo % Width (m) ------------------------------------------------------------------------- 45034 200.00 6.67 1.88 0.03 0.168 0.90 ------------------------------------------------------------------------- Compoiste 200.00 g/ t 6.67% 1.88% 0.03% 0.168% 0.90 m -------------------------------------------------------------------------

For further information:

For further information: Continuum Resources Ltd.: Investor Relations:
(604) 629-0000, www.continuumresources.com; Renmark Financial Communications
Inc.: Barry Mire, bmire@renmarkfinancial.com; Dan Symons,
dsymons@renmarkfinancial.com; (514) 939-3989, Fax: (514) 939-3717,
www.renmarkfinancial.com

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