Over 15 Million in Warrants Exercised for $4.7 Million in Proceeds



    VANCOUVER, March 8 /CNW Telbec/ - Continuum Resources Ltd. (TSX-V: CNU)

    The Company is pleased to announce that all 14,000,000 warrants issued as
part of its unit private placement, which closed March 6, 2006, have been
exercised. In addition, all 1,400,000 broker warrants and all 398,750 warrants
issued in lieu of cash commissions for the unit private placement have also
been exercised, bringing the total number of warrants exercised to 15,798,750.
All warrants had an exercise price of $0.30, resulting in gross proceeds to
the Company of $4,739,625. Total shares issued and outstanding for the Company
is now 118,322,253. The proceeds of these warrant exercises will be used
primarily to maintain the Company's 24% position in the San Jose property
joint venture, and to drill and further explore the past-producing Natividad
Mine in Mexico, and for general working capital.

    ON BEHALF OF THE BOARD OF DIRECTORS

    CONTINUUM RE

SOURCES LTD. Per: "WARREN McINTYRE" ------------------------------------ Warren McIntyre, Corporate Secretary The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

For further information:

For further information: Renmark Financial Communications Inc.,
Christina Lalli : clalli@renmarkfinancial.com; Barry Mire :
bmire@renmarkfinancial.com, (514) 939-3989, Fax : (514) 939-3717,
www.renmarkfinancial.com

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CONTINUUM RESOURCES LTD.

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