TORONTO, ONTARIO--(Marketwire - Aug. 30, 2011) - The Board of Continental Nickel Limited (TSX VENTURE:CNI) ("CNI" or the "Company") is pleased to provide the following update with respect to Board composition.

Mr. Tony Haggarty has been appointed as a non executive director replacing Mr. Yuangang Song. Mr. Haggarty is a seasoned business professional with an extensive career in the mining and resource sector spanning over thirty years in the development, operation and financing of mining companies.

Tony was a co-founder of Excel Coal Limited and was its Managing Director from 1993 until its acquisition by Peabody Energy Corporation in 2006. Prior to this he worked for BP Coal and BP Finance in Sydney and London, and for Agipcoal as the Managing Director of its Australian subsidiary.

Mr Haggarty is currently the Managing Director of Whitehaven Coal Limited, the non-executive Chairman of ASX-listed King Island Scheelite Limited and a non-executive director of IMX Resources Limited ("IMX").

Mr John Nitschke, Chairman, commented "We are very pleased to confirm the appointment of Mr. Haggartyas a Director. Tony will bring a wealth of experience in the development, management and financing of resource projects to the CNI Board. His experience complements the accomplished nickel exploration team with a discovery track record and the technical studies team that together will enable us to define the extent of the resource at Sleeping Giant, continue exploration of the Nachingwea land package and progress with the evaluation of the economic viability of the already delineated Resources in Tanzania.At the same time we wish to acknowledge and thank Mr. Yuangang Songfor the contributions he has made. Mr. Song, a major shareholder, Board member, Joint Venture partner and customer of IMX, has brought a clear business focus to the Company's strategy while on the CNI Board."

About Continental Nickel Limited

Continental is focused on the exploration, discovery and development of nickel sulphide deposits in geologically prospective, but under

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