Continuum Initiates Surface Drilling and Underground Bulk Sampling at Natividad

Vancouver, British Columbia, May 15, 2007: Continuum Resources Ltd (TSXV: CNU) is pleased to announce the initiation of surface drilling at their Natividad gold-silver project located in the state of Oaxaca, in southern Mexico.

Surface drilling will test the depth, and on-strike extensions of the southern-most recognized, historically-producing ore shoot at Natividad, a bonanza-grade gold and silver producer which historically produced approximately 1 million ounces of gold and 23 million ounces of silver. The objective of the surface drilling at the southern end of the Natividad deposit is to determine if the ore body continues to the south and could add an additional resource to that currently being drilled from underground, approximately 2 kilometers to the north (the Northern Extension Zone, see previous news releases).

Additional targets farther to the south, characterized by historical, smaller gold-silver mines have been identified and will also be tested by the surface drilling. For example, at the Manchega Zone, located 1 km south of the Natividad mine entrance, surface channel samples yielded values such as 4.79 grams per tonne (gpt) gold and 37gpt silver over a true width of 3 meters and underground sampling of historic, near-surface workings returned values up to 17.95 gpt gold and 143 gpt silver over a vein width of 2.10 meters. Over three years of exploration in the Natividad district by Continuum geologists have provided targets for the southern continuation of the Natividad deposit.

Concurrently, underground tunneling to provide bulk sampling along veins intercepted by underground drilling has been initiated. The tunneling program, which will total 400 to 600 meters, is designed to support the resource calculation of the Northern Extension Zone being carried out on the basis of underground drill hole information. Many vein intercepts from drilling have provided sub-ore-grade gold and silver values, and it is the opinion of management that drifting along these sub-ore vein intercepts will show, as in other parts of the mine, that much higher-grade values may be intercepted short distances along strike due to a significant nugget effect characteristic of the Natividad ore body.

Continuum controls a large, approximately 55,000 hectare land package at Natividad, constituting what management has labeled the "Natividad District". The Natividad deposit, and numerous other, smaller past-producers and exploration targets are aligned along a 35 km-long, NE-trending zone, all of which falls within Continuum's land holdings.

The Qualified Person for this project, under the definition established by National Instrument 43-101, is Lawrence Dick, Ph.D., P.Geo., Vice President Exploration for Continuum Resources Ltd. All geochemical analyses are carried out by ALS Chemex in North Vancouver, B.C.

On behalf of the Board of Continuum Resources Ltd.

Lawrence A. Dick, Ph.D., P.Geo., Vice President and Director

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