Continuum announces additional drill results at San Jose

    TSX-V: CNU

    VANCOUVER, Aug. 21 /CNW Telbec/ - Continuum Resources Ltd. (CNU:TSX-V
"Continuum") is pleased to announce additional drill results from Fortuna
Silver Mine's 2007 drill program at the San Jose silver-gold deposit located
in Oaxaca, Mexico. San Jose is being explored and developed under a joint
venture between and Continuum Resources Ltd (24%) and Fortuna (76%).
    Analytical results have been received and verified for eight additional
drill holes located in the central and northern portions of the Trinidad
deposit. Highlights of the current results include:

    - Hole SJO-068A averaging 395 g/t Ag and 3.66 g/t Au (581 g/t Ag Eq)
      over 7.6m from 299.55m (Bonanza Vein) and 563 g/t Ag and
      3.91 g/t Au (763 g/t Ag Eq) over 6.8m from 364.83m (Trinidad Vein).

    - Hole SJO-071 averaging 131 g/t Ag and 1.00 g/t Au (182 g/t Ag Eq)
      over 7.0m from 164.25m (Trinidad Vein).

    - Hole SJO-074 averaging 758 g/t Ag and 1.49 g/t Au (834 g/t Ag Eq)
      over 1.3m from 221.3m (Trinidad Vein).

    - Hole SJO-075 averaging 183 g/t Ag and 1.60 g/t Au (265 g/t Ag Eq)
      over 21.9m from 397.97m (Bonanza Vein) and 264 g/t Ag and
      2.81 g/t Au (407 g/t Ag Eq) over 2.27m from 432.23m (Stockwork Zone).

    Assay results from the eight drill holes are summarized below.
Length-weighted assay averages have been calculated for the mineralized
intervals using a lower cut-off of 100 g/t Ag-equivalent. An updated long
section showing the location of the drill holes will be posted to Fortuna's
website at

    Hole_Id         From       To   Interval     Au     Ag     Ageq     Ageq
                      (m)      (m)        (m)   g/t    g/t      g/t     oz/T
    SJO-068A       299.5    307.1       7.63    3.7    395      581     17.0
    SJO-068A       364.8    371.6       6.78    3.9    563      763     22.3
    SJO-069        482.0    484.2       2.15    0.9    113      163      4.8
    SJO-070         96.3     97.4       1.10    0.5    121      150      4.4
    SJO-071        164.2    171.2       7.00    1.0    131      182      5.3
    SJO-072                   No significant mineralized intervals
    SJO-073         90.4     91.6       1.15    0.9     56      102      3.0
    SJO-074        221.3    222.5       1.25    1.5    758      834     24.3
    SJO-075       397.97   419.83      21.86    1.6    183      265      7.7
    SJO-075       425.58   429.27       3.69    2.0    160      263      7.7
    SJO-075       432.23   434.50       2.27    2.8    264      407     11.9
    SJO-075       462.35   464.50       2.15    1.2    156      219      6.4

    (*) Silver equivalency estimates were derived using US$10.30/oz for
        silver and US$525/oz for gold yielding a Ag:Au ratio of 51:1.
        Metallurgical recoveries and net smelter returns are assumed to be
        100% for purposes of estimating silver equivalency.

    The San Jose deposit is a low sulfidation epithermal system located
within the Taviche Mining District in southern Oaxaca and is characterized by
mineralized multiphase quartz-carbonate-sulfide veins, hydrothermal breccias
and stockwork veining within a sequence of Tertiary andesitic volcanic and
volcaniclastic rocks. Using a cut-off grade of 150 g/t Ag equivalent, 43-101
compliant indicated and inferred mineral resources for the Trinidad zone at
San Jose are estimated at (see Fortuna News Release dated March 12, 2007):

    Indicated Mineral Resources: 1.47 million tonnes grading
    262.6 g/t Ag + 2.19 g/t Au containing 17.7 million Ag equivalent oz

    Inferred Mineral Resources: 3.9 million tonnes grading
    260.6 g/t Ag + 2.57 g/t Au containing 49.1 million Ag equivalent oz.

    The Fortuna-Continuum joint venture controls mining concessions covering
approximately 47,440 hectares in the Taviche Mining District. A 25,000 meter
drill program is underway at the Trinidad and San Ignacio zones with 3 diamond
drill rigs. Concurrently, surface geochemical and reconnaissance programs are
being conducted throughout the district to identify and evaluate new target

    Quality Control & Quality Assurance

    For the current drill program, following detailed geological and
geotechnical logging, drill core samples are split on-site by diamond saw. One
half of the core is submitted to the ALS Chemex sample preparation facility in
Guadalajara, Mexico. The remaining half core is retained on-site for
verification and reference purposes. Following preparation, sample pulps are
sent to ALS Chemex in Vancouver where they are assayed for gold and silver by
standard fire assay methods using a gravimetric finish. Multi-element analyses
are also completed for each sample by ICP methods. The QA-QC program at
San Jose includes the blind insertion of certified reference standards for
silver and gold at a frequency of approximately 1 per 15 normal samples and
the insertion of assay blanks at a frequency of approximately 1 per 15 normal
samples. All sample results reported in this news release correspond to HQ- or
NQ-diameter core. Further drill results will be released as analytical data
are received and validated.

    Qualified Person

    Mr. Gregory Smith, P.Geo., is Fortuna's Qualified Person as defined by
National Instrument 43-101 and is responsible for the accuracy of this news

    About Continuum

    Continuum is actively exploring 12 separate gold-silver projects within a
total land package of over 125,000 hectares, in the State of Oaxaca, including
50,000 hectares covering the entire Natividad district, including the
Natividad Mine that historically produced 1,000,000 ounces of Gold and
23,000,000 ounces of Silver.


    "Greig Hutton"

    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: Greig Hutton, President, Continuum Resources
Ltd., (604) 629-0000; Renmark Financial Communications Inc.: Barry Mire:; Dan Symons:, (514)
939-3989, Fax: (514) 939-3717,

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