Toronto, Ontario, September 5, 2018 – Continental Gold Inc. (TSX:CNL; OTCQX:CGOOF) (“Continental” or the “Company”) is extremely saddened to announce a security incident in the Town of Buriticá. Early this morning, two Continental Gold mining engineers, who work for the Formalization and Mining Control area, were attacked by two armed individuals in the town of Buriticá. Tragically, Oscar Alarcon was fatally wounded and the other employee was injured and is currently being treated and is in stable condition.
The Company stated in a media release that it “offers its sincere condolences and support to the families of the victims and is fully cooperating with the authorities. Support from the Buriticá municipalities and community members, the Government of Antioquia and the Colombia National Government has been overwhelming and is truly appreciated.”
CONTINENTAL GOLD (TSX: CNL; OTCQX: CGOOF) is a development-stage gold mining company. With a first mover advantage in Colombia, the Company has a portfolio of high-grade and high impact exploration and development properties. The Company’s flagship Buriticá project is a high-grade and multi-million-ounce precious metal project boasting mineral reserves of 3.7 million ounces at 8.4 g/t gold (13.7 million tonnes), with production scheduled for early 2020. Newmont Mining owns a 19.9% interest in the Company after investing US$109 million at a 46% premium to the market (at the time) to help fund project construction. The Company is advancing on schedule with construction of its Buriticá mine and is underway with an aggressive 100,000-metre drill program for 2018.