Continental Gold Inc. announced that an affiliate of Zijin Mining Group Co. Ltd. has agreed to provide up to an additional USD 50 million unsecured loan ("Loan") to the Company. The proceeds of the Loan will be advanced in up to three tranches, with the first USD 25 million expected to be funded in the near term, prior to closing of the previously-announced plan of arrangement (the "Transaction") involving the Company, Zijin and 2727957 Ontario Inc. (the "Purchaser"), a wholly-owned subsidiary of Zijin, and used to advance the construction and commissioning of the Buriticá Project. The second advance of up to USD 25 million will be funded immediately prior to closing of the Transaction and used to pay closing costs. Any amount not advanced as part of the first or second advance will be advanced to the Company in a third and final tranche. Each advance is subject to certain conditions precedent. The Loan is unsecured, repayable on the fifth anniversary date of closing and bears interest at 10% per annum with quarterly interest payments. The Loan's maturity date will be accelerated in certain circumstances, including in the event the Company's senior secured facility is terminated. The Loan is also subject to an early repayment fee of 2.5% and, following an event of default, will incur interest at an additional 5% per annum.