Continental Precious Minerals Inc har köpt 8 hektar mark i sin inmutning Viken till en kostnad av 120 000 USD. Köpet måste godkännas av regeringen. Detta förvärv tillåter oss att starta en storskalig undersökning med nya borrhål.

TORONTO, ONTARIO--(Marketwire - May 5, 2010) - Continental Precious Minerals Inc. (TSX:CZQ) (the "Company" or "Continental") today announced today that it has purchased eight hectares of land located on its MMS Viken exploration licence. The total cost of the purchase is $120,000 and is subject to approval by the Swedish Ministry of Agriculture.

"This purchase will help us advance MMS Viken and surrounding licences," said Ed Godin, President and CEO. "It will allow us to undertake large scale sampling of the deposit, add a new core shack and other exploration support facilities."

MMS Viken is one of 25 exploration licences Continental controls in the Östersund area of central Sweden. A National Instrument 43-101 Technical Report, titled "Third Updated Technical Report on Viken MMS Licence Area, Jamtland, Kingdom of Sweden" and filed March 19, 2009 on SEDAR, estimated an inferred resource on the MMS Viken Licence and surrounding licences of 2.8 billion tonnes containing approximately 1.0 billion pounds of uranium oxide (0.33 lbs/ton), 16.7 billion pounds of vanadium pentoxide (5.36 lbs/ton) and 1.5 billion pounds of molybdenum (0.49 lbs/ton).