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CONTINENTAL GOLD

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  • 1. Corporate Presentation February 2011www.continentalgold.com 1
  • 2. Important NoticeThese presentation slides (the “Slides”) do not comprise a prospectus or other form of offering document relating toContinental Gold Limited (“the Company”), and do not constitute an offer or invitation to purchase or subscribe for anysecurities of the Company or any other company and should not be relied on in connection with a decision to purchase orsubscribe for any such securities. The Slides and the accompanying verbal presentation do not constitute arecommendation regarding any decision to sell or purchase securities of the Company or any other company. Yourattention is drawn to the risk factors set out below.The Slides and the accompanying verbal presentation are confidential and are being supplied to you solely for yourinformation and may not be reproduced or distributed to any other person or published, in whole or in part, for any otherpurpose. No reliance may be placed for any purpose whatsoever on the information contained in the Slides and theaccompanying verbal presentation or the completeness or accuracy of such information. No representation or warranty,express or implied, is given by or on behalf of the Company or its shareholders, directors, officers, or employees or anyother person as to the accuracy or completeness of the information or opinions contained in the Slides and theaccompanying verbal presentation, and no liability is accepted for any such information or opinions (including in the caseof negligence, but excluding any liability for fraud).The Slides contain forward-looking statements, which relate, inter alia, to the Company’s proposed strategy, plans andobjectives. Such forward-looking statements involve known and unknown risks, uncertainties and other important factorsbeyond the control of the Company that could cause the actual performance or achievements of the Company to bematerially different from such forward-looking statements. Accordingly, you should not rely on any forward-lookingstatements and the Company accepts no obligation to disseminate any updates or revisions to such forward-lookingstatements.The Slides and their contents are directed only at persons who fall within the exemptions from applicable securities lawsand persons to whom distribution may otherwise lawfully be made. Any investments, investment activity or controlledactivity to which the Slides relate is available only to such persons and will be engaged in only with such persons. MrMoller, Vice President Exploration for the Company, is a qualified person under National Instrument 43-101 and hasreviewed the technical information contained herein.www.continentalgold.com 2
  • 3. Investment Highlights Colombia: pro-business environment Focus on high-grade gold Experienced management team One of the first to enter Colombia Stuart Moller, VP of Explorationwww.continentalgold.com 3
  • 4. Capital Structure Shares outstanding 98.5 million Fully diluted 121.3 million Cash* C$93 million Options outstanding 6.4 million Warrants outstanding 16.9 million Insider ownership ~30%* As of Jan 1, 2011 General Terrain in the Buriticá Regionwww.continentalgold.com 4
  • 5. ManagementAri Sussman Stuart Moller, MSc, P.GeoCEO, President and Director Vice President Exploration15 years of experience in the mining industry  30 years of Latin American focused experienceCo-founder and CEO of Colossus Minerals, 2006 – present  9 years as VP, Exploration for PanAmerican Silver Corp.Raised over C$300 million since 2006 Greg HallVic Wall Technical AdvisorSpecial Advisor  Over 35 years of experience in the mining industryGeologist with over 30 years of international experience  Chief geologist world-wide of Placer Dome until the Barrick takeover − credited discoveries include GrannyCo-winner of the Goldcorp challenge in 2001 Smith Mine (Barrick), Yandi Mine (Rio Tinto)Chief Geologist MIM Exploration Pty. Ltd (1989−1996)Co-founder & VP, Exploration for Colossus Minerals Inc. Mark Moseley-Williams Senior Vice-President of OperationsGustavo Koch, MA  Mining engineer & MBA with over 16 years’ experienceExecutive Vice President in mine construction, expansion projects and operationsLawyer with 17 years of experience managing extensive in Americasportfolio of mining licenses in Colombia including  Agnico Eagle, Kinross, Coeur dAlene, FortunaContinental’s portfolioKeith McKay, CA Elina ChowChief Financial Officer Director of Investor Relations A chartered accountant; formerly served as CFO with Andina  10 years of investor relations/public relations experience Minerals, Aurelian Resources; controller with Rio Algom, VP  Previously with Colossus Minerals and Auryx Gold Corp. Finance with Potash Company of Canadawww.continentalgold.com 5
  • 6. Board of DirectorsRobert Allen Jaime G. GutiérrezChairman of the Board Director 30 years of Colombian experience identifying, financing  25 years of mining industry experience and developing mineral properties including Continental’s  General Manager of Colombian gold smelter company portfolio CIIGSAAri SussmanCEO, President and Director Tim Warman, P.Geo Director 15 years in the mining industry  President and CEO of Malbex Resources Co-founder and CEO of Colossus Minerals, 2006 − present  Former Vice President of Corporate Development of Raised over C$125 million since 2006 Aurelian Resources Inc.Jim FeltonDirector Patrick Anderson Director 8 years of Colombian experience, including Vice President of Business Development for Grupo de Bullet  CEO of Dalradian Resources (2006 − present)  Former president and CEO of Aurelian Resources  Co-credited with discovery of FDN Deposit in EcuadorPaul J. MurphyDirector  The Northern Miner’s Mining Man of the Year (2009) Executive VP of Finance and CFO at Guyana Goldfields  Director of Colossus Minerals Former National Mining Leader and West Cluster Leader in Canada at PriceWaterHouseCoopers LLP Director of Alamos Goldwww.continentalgold.com 6
  • 7. Continental’s Projects NConcessions owned: 166,207 haConcessions pending application: 145,656 ha Santander Berlin BuriticáHighly prospective gold regions Frontino LunarejaBuriticá high-grade flagship gold project MedellinOver 40 years combined Colombian Dojuraexperience Bogotá COLOMBIAJoint venture on Dojura propertywith AngloGold Ashanti Dominical Continental Gold Projects 0 100 200 Kilometreswww.continentalgold.com 7
  • 8. Colombia: Gold Belts N PANAMA Miocene belt in Colombia’s Segovia Belt central cordillera Major gold deposits include VENEZUELA La Colosa & Marmato California District Countrywide exploration Buriticá Antioquia only just beginning Batholith Marmato Choco Belt COLOMBIA Middle Cauca Belt La Colosa Western edge of the craton METALLOGENIC BELT AGE DEPOSIT TYPE Jurassic Porphyry Gold Late Cretaceous Early Tertiary Intermediate Sulfidation Eocene (?) Miocene Oxidized Pluton Related 0 75 150General Terrain in the Buriticá Region ECUADOR Kilometreswww.continentalgold.com 8
  • 9. Buriticá: Overview 31,257 hectares (5,551 ha registered; 13,320 ha pending registration; 12,386 ha pending application), 100% owned Two hour drive from Medellin Mining license and EIA in place – only amendment required Excellent infrastructure: road, power Native gold on the gravity table and water to site 30 tpd plant processing development ore High grade, carbonate base metal type vein/breccia system 60,000m drill program for 2010-11 30% complete; over 45,000m drilled since 2008 Multiple untested targets to be drilled Visible gold in hole Busy-79www.continentalgold.com 9
  • 10. Buriticá: Exploration Targets N Significant additional high- Area of soil sampling grade vein potential in Town of Buritica several areas Guacamaya Pajarito San Breccia Augustine Lower grade disseminated Yaragua North Au potential on north and Yaragua south edges of Buriticá complex and in the Veta Sur Guacamaya breccia area La Mano La Estera Town of El Naranjo 500m Alluvium Tonalite Black siltstones Basalt (Cretaceous) Buritica Andesite Faultwww.continentalgold.com 10
  • 11. Buriticá: Soil Sampling GOLD LEAD 1500 x 2500 m grid 1560 samples Multi-element ICP 100 x 20-25 m grid Tonusco Fault Tonusco Fault Yaragua North Yaragua North Yaragua Mine Yaragua Mine Veta Sur Veta Sur 0.2% 12 g/t La Mano La Mano 150 0.15 La Estera 0 300 0 La Estera 300 metres metreswww.continentalgold.com 11
  • 12. Buriticá: Soil Sampling SILVER ZINC Tonusco Fault Tonusco Fault Yaragua North Yaragua North Yaragua Mine Yaragua Mine Veta Sur Veta Sur >0.2% >45 g/t La Mano La Mano 150 5 0 300 La Estera 0 300 0 300 La Estera metres metres metreswww.continentalgold.com 12
  • 13. Buriticá: Yaragua Zone E W View is to the South Breccia0 100 Metres Diatreme FaultYaragua Mine Portals Tonusco Fault www.continentalgold.com 13
  • 14. Buriticá: Major Vein Systems Busy-63 1.5m @ 64.82 g/t Au & 20 g/t Ag Diatreme Yaragua N Fault North Busy-11 7.0 @ 88.29 Au & 155.2 Ag A Yaragua Mine FW Vein Sofia Portals HW Vein Vein C Vein B Yaragua System B Buuy-44 9.8 m @ 13.93 g/t Au & 69.6 g/t Ag Tonusco Fault Buuy-48 3.5 m @ 76.72 g/t Au & 216.4 g/t Ag Buuy-51 2.7 m @ 60.53 g/t Au & 55 g/t Ag Buritica intrusions D Busy-66 8.5m @ 23.67 g/t Au & 149 g/t Ag Breccia Buritica Breccia Volcanic-Sed Sediments Veta Sur Mafic volcanics System Buuy-130 9.9 m @ 53.11 g/t Au & 109.9 g/t Ag Fault Road Busy-79 14.3 m @ 446 g/t Au & 166 g/t AgBusy-23 5.9m @ 52.42 g/t Au & 20 g/t Ag Drill hole Busy-131 17.9 m @113.82 g/t Au & 112 g/t Ag Veta Sur Drill Intersects C 3 – 10g/t Au 10 – 30g/t Au 100m >30g/t Au www.continentalgold.com 14
  • 15. Buriticá: Stage II Gold MineralizationCuts Stage I bandedgold - base metalmineralizationFree gold - carbonate+/- stibnite, Te, AsLow base metalcontentIdentified to date inSan Antonio, Sofia, B,and Veta Sur veins(ie., high grade veins)and on Diatreme FaultProgram of orientedcore drilling todetermine structuralrelationship to Stage Iwww.continentalgold.com 15
  • 16. Buriticá: Yaragua Zone Cross-section A-B N S Murcielagos 2A B 1600 m 4.0m @ 30.0 Level 0 8.8m @ 71.1 Level 1 1500 m Yaragua Breccia 20m @ 3.0 Level 2 0.2m @ 53.5 0.3m @ 117.9 Level 3 1.5m @ 110.9 1400 m Gold Assay Results (g/t)) 1.4m @ 65.3 >30 0.6m @ 634.5 0.7m @ 28.2 10−30 5−10 3−5 0.3m @ 11.7 0.3m @ 11.2 1−3 1300 m 0.5−1 <0.5 50m Section Line 1129 540mE www.continentalgold.com 16
  • 17. Buriticá: Longitudinal Section of SanAntonio Underground Channel Sampling W E 1700m Drill hole intersect 1.4m width @ 105.2g/t 1.6m width @ 45.0g/t of San Antonio Vein (55m length) (50m length) (cutoff of 1g/t) 1.0m width @ 108.1g/t 0.5m width @ 37.1g/t (115m length) Gold (g/t) (108m length) 1500m 1 – 10 1.3m width @ 67.4g/t 0.5m width @ 63.8 g/t (200m length) (27m length) 10 – 30 0.1m width >30 0.3m width @ 35.5g/t 0.5m width @ 212.8 g/t @ 63.9g/t (33m length) (57m length) 0.4m width @ 23.4 g/t Channeled interval (38m length) with length of interval, average grade and thickness 1300m Note: Channeled widths are less than the vein width in some areas as sampling is limited by the width of the tunnels 100mwww.continentalgold.com 17
  • 18. Buriticá: Veta Sur Longitudinal Section C-DC D1800m1700m 1.4m @ 14.3 Drill traces E 2.0m @ 6.5 Previous 2.6m @ 20.9 results 12.1m @ 4.8 Inc 1.3m @ 14.2 2.0m @ 23.3 Awaiting 2.05m @ 11.3 1.25m @ 23.9 2.5m @ 9.6 results D A1600m 1.1m @ 7.6 2.7m @ 12.2 B C 1.9m @ 6.1m @ 8.9 2.1m @ 4.1 3.7m @ 12.6 3.2m @ 3.5 4.2 Results Gold (g/t) 5.1m @ 4.3 1.4m @ 9.41500m 1 – 10 3.2m @ 4.6 10 – 30 1.1m @ 8.6 3.4m @ 30 - 100 12.4 0.7m @ 18.5 >100 [cutoff of 1g/t]1400m 0.9m @ 27.2 4.3m @ 16.1 A B D E 14.3m @ 446g/t 0.65m @ 365.3g/t 17.9m @ 113.8g/t 0.80m @ 121.3g/tInc 3.0m @ 2105.1g/t Inc 1.2m @ 1432g/t 50m C And 1.8m @ 127.0g/t1300m www.continentalgold.com 428.7g/t 0.9m @ 18
  • 19. Buritica: Gold Distribution W E All drill traces (Total 45km) Gold intersect1700m (>30ppm) Gold intersect1600m (>10ppm) Gold intersect1500m (>5ppm) Drill traces1400m (Awaiting Assay results) Veta Sur1300m Combined Veta Sur – Yaragua longitudinal section looking Crosscut off of tunnel from Naranjo Valley (scheduled for 2012 – 2013) north.1200m +10 g/t Au intercepts along 900m of strike open below the 6001100m vertical meters currently drill tested Yaragua 100m1000mwww.continentalgold.com 19
  • 20. Buritica: Preliminary Ramp Design Preliminary ramp access design accesses largeView Plan open valley 1km ramp at 1200m level starting Q1 2011 Resource definition drilling below 1500m level ~Q2/Q3 2011 Will become main haulageway for production Buuy-22 189 g/t Au intersection at 1220m elevation Tonusco Fault Yaragua Section looking West North Veta Sur 1500 m 12 g/t 1300 m La Mano 0.15 La Estera 0 300 metres Buuy-46 Buuy-22www.continentalgold.com 20
  • 21. Buriticá: Aggressive Time LineMilestone TargetComplete 45,000 m Phase 1 drill program Complete 1500m of development on vein Initiate baseline environmental program Initiate metallurgical & geo-mechanical testing Amend Mining License & EIA 2011Commence 60,000m & Phase 2 drill program Q1 2011Initiate exploration/production ramp Q2 2011Complete Phase 2 drill program Q4 2011 Underground drilling at Buriticá – June 2010www.continentalgold.com 21
  • 22. Berlin: Overview 100% owned, 27,000 hectare project Pescadero Ituango Large-scale mesothermal gold vein Hydroelectric Plant system Over 11 kilometres of mineralized El Rosario Mine strike to test 10 km Berlin Mine El Troncal Pescadero Ituango power plant: N • US$2.3 billion estimated cost N • 2400 megawatts • Completion planned for 2018 Trend of Mineralization Known Mines / Prospects 0 5 10 Current Road Kilometres Proposed Roadwww.continentalgold.com 22
  • 23. Berlin: History Berlin Mine operated 1930-1946 Produced 413,000 oz Au 2135 Level Production from 20m thick lens 2100 Level Production grade @ 16g/t Au North 2070 Level Orebody 2035 Level2000 Level Historical Au recoveries of 94% 1960 Level South 1930 Level Orebody 1900 Level Berlin mining operation circa 1942 (photo and left image source: “A Lode Gold Mine in Colombia”, Engineering & Mining 1860 Level Journal, April 1942) 1830 Level 1800 Level 1760 Level ‘C’’ Orebody ‘B’ Orebody 1730 Level ‘A’ Orebody 1700 Level ‘D’ Orebody 1660 Level www.continentalgold.com 23
  • 24. Berlin: Geochemistry Sample Type Stream Sample Rosario Rock Sample Soil Sample Gold Assay Results (g/t) 1km >30 10−30 5−10 3−5 1−3 0.5−1 <0.5 Tonalite Berlin vein with abundant Gneiss stringers of host black schist Carbonaceous Pelites Non Carbonaceous Pelites Quartz sericitic schists Berlin Vein Fault License El Troncal Approximately 5 metreswww.continentalgold.com 24
  • 25. Berlin: Large-scale Veins Longitudinal Section On-going sampling program continues to find gold along +11km of strike North SouthMetres Mined ore bodies 413,000 ounces of gold production La Lluvia Mine Berlin Mine El Rosario Mine El Pescaito 1000 m Historical mine levels LEGEND Historical mined-out areas +10g/t Au mineralization 0 1000 m www.continentalgold.com 25
  • 26. Berlin: Initial Exploration Plan 3 km length of a 12 km major structure No drilling North of this pointNorth along strike of structure South 340m +1,000 m development level (no historic mining) 1860RL 50m zone 28 25m zone 24 10m zone 5 samples Av. samples Av. grade samples AV. grade 9 gt Au 11.7 gt Au Open grade 223gt Au Open vertically vertically and Open all directions and N horizontally S horizontally 1600RL 1500RL135m zone No drilling vertically below thislast 23m 22 samples point along entire structureAv. grade 16.6 gt AuOpen vertically andS horizontally Historical mine levels *2km of the structure LEGEND Historical mine working undrilled. Last drilling was 500 m pre-1945www.continentalgold.com 26
  • 27. Dominical 100%-owned, 6,500 hectare project Rock and stream sediment sampling Grass roots discovery of epithermal/mesothermal vein systems with strike extents of 400−1,500 metres Chip samples: 12m @ 1.15g/t Au 24m @ 1.00g/t Au 30m @ 0.86g/t Au Near-term drill targets Las Pilas vein discoverywww.continentalgold.com 27
  • 28. Dojura: AngloGold Ashanti joint venture 37,235 hectares Located in Chocó Department Large area of porphyry-style alteration with significant historical alluvial gold production Airborne geophysics completed AngloGold Ashanti can earn up to a 75% interest over 3 years by spending US$6.9 million in combined option payments and on exploration and developmentwww.continentalgold.com 28
  • 29. Other Projects: Santander N 100% owned, 6,000 hectares La Bodega Angostura of concessions Located near Ventana Gold’s Surata La Bodega property California California and Vetas districts host to historical high grade production Vetas District LEGEND Continental Gold Greystar Resources Ventana Gold Galway Resources Ore Controlling Structure 0 2.5 5 Major Orebody Kilometreswww.continentalgold.com 29
  • 30. Grupo de Bullet Option First right of refusal to acquire any precious or base metal concessions held by Grupo de Bullet Option expires January 2013 +60 properties ≈ 4 million hectares Dr. Vic Wall, Special Advisor & Mauricio Castañeda, Exploration Managerwww.continentalgold.com 30
  • 31. Warrants Number of Warrants* Exercise Price (Cdn) Expiry Date 74,243 $0.35 Feb 5, 2011 6,242,112 $2.25 Mar 30, 2011 28,750 $1.50 Mar 30, 2011 164,395 $0.35 Apr 21, 2011 90,153 $0.94 July 27, 2011 169,699 $0.94 Aug 5, 2011 3,428,872 US$0.98 Mar 30, 2012 6,000,000 $7.50 Sept 16, 2012 720,000 $5.70 Sept 16, 2012 Total 16,918,224 $67.0 million * As of November 9, 2010www.continentalgold.com 31
  • 32. Options Number of Options Exercise Price (Cdn) Expiry Date 10,606 $0.94 Sep 22, 2011 10,606 $0.94 Dec 19, 2011 10,606 $1.60 Sep 7, 2012 42,425 $0.84 May 9, 2013 84,849 $0.41 May 4, 2014 2,790,625 $1.50 Mar 30, 2015 565,422 $0.98 Jan 29, 2019 800,000 $2.35 May 10, 2015 350,000 $2.70 May 11, 2015 150,000 $5.80 Sept 1, 2015 50,000 $6.11 Sept 14, 2015 150,000 $6.64 Nov 1, 2015 100,000 $10.42 Dec 1, 2015 Total – 5,667,197 $10.90 millionwww.continentalgold.com 32
  • 33. A Unique Gold Exploration Elina Chow, Investor Relations Office: +1.416.643.7638 and Development Opportunity Email: e.chow@continentalgold.comwww.continentalgold.com 33

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