Continental Energy Corp., Annual General Meeting, Dec 30, 2009 Location: 3rd Floor - 510 Burrard St., Vancouver, British Columbia, Canada.

Continental Energy Corp. reported earnings results for the year ended June 30, 2009. For the year, the company reported loss of $3,218,587 or $0.05 per diluted share compared to loss of $3,116,762 or $0.05 per diluted share for the same period a year ago. The company used $1,083,322 for operating activities during the year ended June 30, 2009 compared with $1,513,352 in the year ended June 30, 2008. The cash resources used for investing activities during the year ended June 30, 2009 was $1,446,904 compared with $194,521 in the year ended June 30, 2008.

Continental Energy Corp. announced the engagement of Pointe Atlantic, Inc. as its financial advisor and exclusive placement agent to assist the Company with its growth initiatives, including, but not limited to, identifying acquisition or merger candidates on a global basis, raising capital, and other related activities. Richard L. McAdoo, Continental’s Chairman and Chief Executive Officer said, “Particularly in today's economic environment, there are numerous opportunities on a global basis to expand our business through the creation of synergistic relations and business combinations. We will look to our investment banker to help facilitate and evaluate potential transactions, including the raising of additional capital, as we seek opportunities that will enhance our growth and shareholder value.” Peter M. Peterson, Chief Executive Officer of Pointe Atlantic, Inc. stated, “We look forward to our relationship with Continental regarding equity financing and other potential transactions in the near future such as joint ventures, strategic alliances and opportunistic acquisitions. The Company has a solid track record and a highly qualified management team, these are strengths coupled with global opportunities in the oil and gas industry.”