CONTINENTAL NICKEL LIMITED 
By TORONTO, ONTARIO--(Marketwire - Sept. 15, 2011) - Continental Nickel Limited (TSX VENTURE:CNI) ("CNI" or the "Company") is pleased to announce the production of high grade concentrates from the initial "sighter" flotation tests on composites from the various ore zones at the Ntaka Hill Nickel Project ("Ntaka Hill"). Highlights of the initial tests include concentrates containing between 16.7% Ni and 18.6% Ni at between 84.2% and 90.2% recovery from Sleeping Giant zone composites, 17.2% Ni at 88.1% recovery from M zone composite and 15.0% Ni at 88.1% recovery from H zone composite. The flotation tests were carried out by G & T Metallurgical Services Ltd, part of the ALS Group of companies, quality accredited under ISO 9000:2008.
For detailed results see Table 2.
Ntaka Hill is part of the 75:25 Nachingwea exploration joint venture property in southern Tanzania with IMX Resources Limited of Australia. Ntaka Hill has currently identified resources as outlined below in Table 1.
| Table 1 – Ntaka Hill Resources Summary | ||||
| Resource Category | Tonnes(000's) | % Ni | % Cu | Contained Ni (tonnes) |
| Measured & Indicated | 4,981 | 1.22 | 0.24 | 60,900 |
| Inferred | 17,260 | 0.76 | 0.17 | 131,000 |
| Note: Resources calculated at a US$17/tonne Net Smelter Return ("NSR") cut
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