Continental Nickel Files a National Instrument 43-101 Technical Report on SEDAR for the Nachingwea Project, Tanzania

Continental Nickel Limited (TSX VENTURE:CNI) ("Continental" or the "Company") is
pleased to report that it has filed a National Instrument (NI) 43-101 Technical
Report relating to the Mineral Resource Estimate for its Nachingwea nickel
sulphide project on SEDAR and has posted a copy on the company website
(www.continentalnickel.com). 


The NI 43-101 Technical Report and Mineral Resource Estimate were completed by
Scott Wilson Roscoe Postle Associates Inc. (Scott Wilson RPA) of Toronto,
Ontario. The results of the Mineral Resource Estimate were previously reported
in a company news release on July 15, 2009. As stated in that release, Measured
and Indicated Mineral Resources at Ntaka Hill total 3,085,000 tonnes grading
1.31% nickel, 0.24% copper and 0.04% cobalt calculated at a US$23 /tonne Net
Smelter Return (NSR) cut-off.


The Nachingwea project is a 70:30 Joint Venture with IMX Resources Limited
("IMX") of Australia and is comprised of Prospecting Licenses and applications
for licenses covering a regionally extensive land position totalling 7,560
square kilometres, much of which has had only minimal exploration. To date, six
separate nickel-copper sulphide deposits have been discovered by the Joint
Venture at Ntaka Hill. In 2009, Continental is conducting a CAD$2.5 million
exploration program at Nachingwea to continue the search for nickel sulphide
deposits in this emerging new nickel district. Some twenty eight airborne VTEM
anomalies have been identified for further work as part of this program and a
3,000 metre diamond drill campaign is expected to commence in September.
Continental Nickel remains well funded with CAD$11.6 million in the treasury.


Qualified Persons

The NI 43-101 Technical Report and Mineral Resource Estimate was prepared by
Scott Wilson Roscoe Postle Associates Inc. of Toronto, Ontario under the
supervision of Chester Moore, P. Eng., Principal Geologist. Mr. Moore is an
independent qualified person as defined by National Instrument 43-101. The
quality control, technical information and all aspects of the exploration
program were supervised by Patricia Tirschmann, P. Geo., Vice President,
Exploration for CNI. The information in this release was prepared under the
direction of Craig MacDougall, P. Geo., President and Chief Executive Officer
for Continental Nickel Limited. Both Ms. Tirschmann and Mr. MacDougall are
qualified persons as defined by National Instrument 43-101.


About Continental Nickel

Continental Nickel Limited is focused on the exploration and discovery of nickel
sulphide deposits in geologically prospective, but under-explored regions
globally. Current projects include its 70% controlling interest in the
Nachingwea project in Tanzania and an option joint venture on the St. Stephen
project in New Brunswick, Canada. Continental Nickel has 30,132,395 shares
issued and outstanding (32,442,395 on a fully-diluted basis) and trades on the
TSX Venture Exchange under the symbol CNI. 


On behalf of Continental Nickel Limited

Craig MacDougall, President & Chief Executive Officer

CAUTIONARY STATEMENT: No stock exchange, securities commission or other
regulatory authority has approved or disapproved the information contained
herein. This News Release includes certain "forward-looking statements". All
statements other than statements of historical fact included in this release,
including, without limitation, statements regarding potential mineralization and
reserves, exploration results, future plans and objectives of Continental Nickel
Limited, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ materially from those
anticipated in such statements. Important factors that could cause actual
results to differ materially from Continental Nickel Limited's expectations are
the risks detailed herein and from time to time in the filings made by
Continental Nickel Limited with securities regulators.


Information in this announcement relating to the estimation of Mineral Resources
is based on data verified and estimation methodologies supervised by Mr. Chester
Moore who is a Principal Geologist with Scott Wilson Roscoe Postle Associates
Inc. of Toronto Ontario, Canada. Information relating to exploration results and
data used in the Mineral Resource estimate was gathered and compiled under the
supervision of Ms Patricia Tirschmann who holds the position of Vice President,
Exploration and is a full time employee of Continental Nickel Limited. Mr. Moore
is a registered member of the Association of Professional Engineers of Ontario
and Ms. Tirschmann is a registered member of the association of Professional
Geoscientists of Ontario. Each have sufficient relevant experience to qualify as
a Competent Person under the 2004 Edition of the Australasian Code for the
Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Moore
and Ms. Tirschmann all consent to the inclusion of the data in the form and
context in which it appears.