Continuum releases results for latest phase of drilling at Natividad Prospect and posts updated 43-101 report on SEDAR



    TSX-V: CNU

    VANCOUVER, Nov. 2 /CNW Telbec/ - Continuum Resources Ltd (TSXV:CNU)
announces the latest results from surface and underground diamond drilling at
its Natividad gold-silver deposit located in Oaxaca State, Mexico. These
latest results continue to expand the strike length of gold mineralization.

    
    -------------------------------------------------------------------------
                                From     To       Width    Au       Ag
    Hole                        (m)      (m)      (m)      (g/t)    (g/t)
    -------------------------------------------------------------------------
    BCN-19
                   ----------------------------------------------------------
     Level 6 St 5               157.35   157.80   0.45     6.88     44
                   ----------------------------------------------------------
     NW 60 degrees
     -15 degrees                229.50   230.75   1.25     2.14     25
                   ----------------------------------------------------------
     412.90 m       Includes    230.20   230.75   0.55     3.71     45
                   ----------------------------------------------------------
                                245.90   248.20   2.30     2.03     5
    -------------------------------------------------------------------------
                    Includes    247.20   248.20   1.00     3.68     4
    -------------------------------------------------------------------------
                    Includes    247.70   248.20   0.50     5.43     5
    -------------------------------------------------------------------------
                                254.40   255.67   1.27     8.13     8
    -------------------------------------------------------------------------
                    Includes    254.40   255.10   0.70     14.05    10
    -------------------------------------------------------------------------
                                276.25   282.35   6.10     1.04     14
    -------------------------------------------------------------------------
                    Includes    278.20   280.45   2.25     2.07     26
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCN-20                      48.15    48.30    0.15     8.58     25
                   ----------------------------------------------------------
     Level 6 St 5
                   ----------------------------------------------------------
     NW 74 +20                  99.25    103.40   4.15     1.47     97
                   ----------------------------------------------------------
     150.00 m       Includes    102.70   103.40   0.70     3.83     281
                   ----------------------------------------------------------
                                112.75   114.95   2.20     1.36     52
    -------------------------------------------------------------------------
                    Includes    113.30   114.55   1.25     2.00     78
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCN-21
                   ----------------------------------------------------------
     Level 6 St 5               170.53   171.05   0.52     12.21    91
                   ----------------------------------------------------------
     NW 71 -20      Includes    170.78   171.05   0.27     20.10    162
                   ----------------------------------------------------------
     260.30 m
                   ----------------------------------------------------------
                                186.35   187.25   0.90     1.45     10
    -------------------------------------------------------------------------
                    Includes    186.90   187.25   0.35     1.91     18
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCN-22                      4.00     4.60     0.60     3.56     5
                   ----------------------------------------------------------
                                                                 (less than)
     Level 1 St.3               56.90    57.65    0.75     1.64     5
                   ----------------------------------------------------------
     SE47 -45                   61.70    62.75    1.05     1.81     17
                   ----------------------------------------------------------
     191.65 m

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCN-23                      2.60     3.20     0.60     1.93     26
                   ----------------------------------------------------------
     Level 1 St.3
                   ----------------------------------------------------------
     NE85 -48       Includes    11.20    11.35    0.15     4.13     55
                   ----------------------------------------------------------
     178.45 m


    -------------------------------------------------------------------------
    BCNS-27
                   ----------------------------------------------------------
     Surface St. 1
                   ----------------------------------------------------------
     SE 60 -51                  151.00   157.75   6.75     1.14     4
                   ----------------------------------------------------------
     212.50 m       Includes    155.50   156.70   1.20     3.52     13
                   ----------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCNS-29                     58.90    59.75    0.85     9.36     113
                   ----------------------------------------------------------
     Surface St.1   Includes    58.90    59.35    0.45     16.45    106
                   ----------------------------------------------------------
     Vertical -90               177.80   182.10   4.30     2.93     34
                   ----------------------------------------------------------
     299.90 m       Includes    180.10   182.10   2.00     3.93     45
                   ----------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCNS-30                     132.95   134.35   1.40     7.59     55
                   ----------------------------------------------------------
     Surface St.2               168.70   169.20   0.50     7.62     9
                   ----------------------------------------------------------
     SE60 -25
                   ----------------------------------------------------------
     251.50 m
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCNS-31                     142.95   143.50   0.55     2.84     28
                   ----------------------------------------------------------
                                                        (less than)
     Surface St.2               149.20   149.50   0.30     0.05     233
                   ----------------------------------------------------------
     SE60 -49
                   ----------------------------------------------------------
     270.00 m
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
                                                        (less than)
    BCN-32                      156.85   157.25   0.40     0.05     109
                   ----------------------------------------------------------
     Surface St.2               200.25   202.10   1.85     1.57     0.02
                   ----------------------------------------------------------
     SE60 -74       Includes    201.05   202.10   1.05     2.19     0.02
                   ----------------------------------------------------------
     283.70 m
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCN-33                      176.65   178.80   0.15     1.75     12
                   ----------------------------------------------------------
     Surface St.2
                   ----------------------------------------------------------
     -90
                   ----------------------------------------------------------
     278.80 m
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCN-36                      153.10   153.35   0.25     3.67     84
                   ----------------------------------------------------------
     Surface St.6
                   ----------------------------------------------------------
     -90


    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    BCN-37                      146.05   146.70   0.65     0.56     13
                   ----------------------------------------------------------
     Surface St.6               233.10   223.30   0.20     2.33     219
                   ----------------------------------------------------------
     NE65 -90
                   ----------------------------------------------------------
     299.70 m
                   ----------------------------------------------------------
                                                                 (less than)
                                271.50   271.80   0.30     1.57     5
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    Note: Drill holes BCN-24 and BCN-25 were interrupted without reaching the
    target. Drill hole BCN-26 was not drilled.
    

    The Company also announces the completion of an updated NI 43-101 report
detailing the results of the geological, geochemical, and drilling programs
completed to date at Natividad. The full report can be viewed on SEDAR
(www.sedar.com). These results and the updated 43-101 report will be used in
evaluating the economic potential of the deposit and help formulate an
exploration plan once work recommences.
    Negotiations are ongoing between Continuum (70% owner of Natividad) and
Cia Minera de Natividad Y Anexas (30%) to set the terms of a joint venture for
the Natividad properties and assets.
    The Qualified Person for this project, under the definition established
by National Instrument 43-101, is Lawrence Dick, Ph.D., P.Geo. Geochemical
assays are carried out by ALS Chemex in North Vancouver, B.C.

    Background

    Continuum is actively exploring 12 separate gold-silver projects in the
state of Oaxaca, where Continuum has acquired approximately 220,000 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


    The TSX Venture Exchange has not reviewed and does not take
    responsibility for the adequacy or accuracy of this release.




For further information:

For further information: 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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