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"Continental Precious Minerals Inc.: Update on HRU Licences
Monday August 31, 10:15 am ET

TORONTO, ONTARIO--(Marketwire - Aug. 31, 2009) - Continental Precious Minerals Inc. ("Continental") (TSX:CZQ - News) has announced that the previously contemplated sale of its HRU licences to Uranium International Corp. announced on April 29, 2009 will not be going ahead. Continental had entered into an agreement with Uranium International in April 2009 for the purchase and sale of the HRU licences, the completion of which was subject to certain conditions. The contemplated sale had been scheduled to close today."