VANCOUVER, March 19 /CNW Telbec/ - 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
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
For further information:
For further information: Investor Relations: (604) 629-0000,
www.continuumresources.com; Renmark Financial Communications Inc.: Barry Mire,
email@example.com; Dan Symons, firstname.lastname@example.org, (514)
939-3989, Fax: (514) 939-3717, www.renmarkfinancial.com