Continental Precious Minerals Inc. announced it is expanding its mineral exploration focus at its Swedish mineral properties to include vanadium. A National Instrument 43-101 technical report, released March 19, 2009, estimated an inferred resource at the Company's 100% owned multi-metal sediment ('MMS') Viken License and surrounding MMS licenses of 2.8 billion tones containing approximately 16.7 billion pounds of vanadium pent oxide (5.36 lbs/ton).

Continental Precious Minerals Inc. reported unaudited consolidated earnings results for the first quarter ended August 31, 2009. For the quarter, the company reported net loss of CAD 307,770 or CAD 0.01 basic and diluted per share against net loss of CAD 266,659 or CAD 0.01 basic and diluted per share a year ago. Total comprehensive loss was CAD 311,244 against comprehensive loss of CAD 279,242 a year ago. Cash used in operating activities was CAD 253,898 against CAD 224,017 a year ago.

Continental Precious Minerals, Inc. announced that at its annual and special meeting of shareholders of the company will be held on October 19, 2009, to pass an ordinary resolution of shareholders confirming an amendment and restatement of By-Law No. 1 of the corporation.