1020 - 800 West Pender Street
Vancouver, BC Canada V6C 2V6
Tel 604 684 -6365
Fax 604 684 8092
Toll Free 1 800 667- 2114
www.continentalminerals.com
CONTINENTAL SIGNS AGREEMENT
TO BE ACQUIRED BY JINCHUAN GROUP FOR $432 MILLION
September 17, 2010, Vancouver, BC – Continental Minerals Corporation (TSX-V:KMK,
OTCBB:KMKCF) (“Continental” or the “Company”) announces that it has signed a letter agreement to be
acquired (the “Acquisition”) by Jinchuan Group Ltd (“Jinchuan”), a large China-based mining group for aggregate
cash consideration of approximately C$432 million pursuant to an arrangement under the Business Corporations
Act (British Columbia) (the “Arrangement”).
The letter agreement provides for the acquisition of 100% of Continental’s approximately 166 million common
shares on a fully diluted basis for C$2.60 per share. The Acquisition price of $2.60 per share to be paid to
Continental securityholders represents a 13% premium to the closing trading price of Continental’s common
shares on September 14, 2010, the last trading day prior to this announcement, and an 18% premium to the
volume weighted average trading price of Continental’s common shares over the last 30 trading days ending on
September 14, 2010.
Each Continental stock option currently outstanding that is exercised by the record date for participation in the
Arrangement (which date will be announced in a future news release), will participate fully in the Arrangement.
Option holders will be entitled to vote on the Arrangement with common shareholders on an as-if exercised basis
(as a single class) at the special meeting of Continental securityholders to be convened to consider the
Arrangement.
The Board of Directors of Continental is also proposing to include in the Arrangement a special cash distribution
of up to C$0.10 per Continental share outstanding immediately prior to completion of the Acquisition.
The Board, having extensively discussed the Acquisition terms with its financial and legal advisors, has d