Ross Smith Capital Group L.P. acquires non-voting redeemable preferred shares of Continental Minerals Corporation

CALGARY, April 11 /CNW/ - Ross Smith Capital Group L.P. ("Ross Smith Capital") announced that it has acquired an additional 272,000 non-voting redeemable preferred shares (the "Preferred Shares") of Continental Minerals Corporation ("Continental") for total consideration of $771,789. As a result of the acquisition of such shares, Ross Smith Capital owns 2,178,000 Preferred Shares, representing approximately 17.45% of the issued and outstanding Preferred Shares of Continental.

The Preferred Shares of Continental were acquired through the facilities of the TSX Venture Exchange during the period from February 8, 2011 to April 8, 2011 at an average price of CDN $2.84 per Preferred Share. Ross Smith Capital acquired the securities for investment purposes only and may, depending on market and other conditions, increase or decrease its beneficial ownership, control or direction over, shares or other securities of Continental through market transactions, private agreements or otherwise.

SOURCE Ross Smith Capital Group L.P.

For further information:

please contact Weston Pring, Chief Investment Officer of Ross Smith Capital, at (403) 294-6893.

Ross Smith Capital Group L.P.
400, 407 8th Avenue SW
Calgary, Alberta
T2P 1E5

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Ross Smith Capital Group L.P.

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