Continental Gold Announces Closing of Strategic Investment by Newmont Mining and Investment by RK Mine Finance

Continental Gold Ltd.

TORONTO, ON--(Marketwired - May 18, 2017) - Continental Gold Inc. (TSX: CNL) (OTCQX: CGOOF) ("Continental" or the "Company") is pleased to announce that it has closed its previously-announced private placements to Newmont Mining Corporation ("Newmont") and RK Mine Finance Master Fund I Limited ("Red Kite").