PARTNERS IN JDS Energy & Mining Inc. ACHIEVING Suite 900 – 999 West Hastings Street MAXIMUM Vancouver, BC V6C 2W2 RESOURCE 604.558.6300 DEVELOPMENT jdsmining.ca VALUE Buriticá Project NI 43-101 Technical Report Feasibility Study Antioquia, Colombia Effective Date: February 24, 2016 Report Date: March 29, 2016 (Filing Date) Prepared for: Continental Gold Inc. Continental Gold Limited Sucursal Colombia Calle 7 No.39-215 #1208 El Poblado, Medellín Antioquia, Colombia Qualified Persons Company Wayne Corso, P.E. JDS Energy & Mining Inc. Greg Blaylock, P.Eng. JDS Energy & Mining Inc. Austin Hitchins, P.Geo. JDS Energy & Mining Inc. Stacy Freudigmann, P.Eng. JDS Energy & Mining Inc. Mike Creek, P.E. JDS Energy & Mining Inc. Jack Caldwell, P.E. Robertson Geoconsultants Inc. Andrew J. Vigar , FAusIMM Mining Associates Ltd. Michael Levy, P.E. SRK Consulting Inc. Laurie Tahija, MMSA M3 Engineering & Technology Corp. David Stone, P.E. Minefill Services Inc. VANCOUVER | TORONTO | KELOWNA | WHITEHORSE | YELLOWKNIFE | TUCSON | HERMOSILLO C ONTINENTAL GOLD INC. B URITICÁ PROJECT FEASIBILITY STUDY Date and Signature Page This report entitled Buriticá Project NI 43-101 Technical Report Feasibility Study, Antioquia, Colombia, effective as of February 24, 2016 was prepared and signed by the following authors: Original document signed and sealed by: Original signed March 29, 2016 Wayne Corso, P.E. Date Signed Original signed March 29, 2016 Greg Blaylock P.Eng. Date Signed Original signed March 29, 2016 Austin Hitchins, P.Geo. Date Signed Original signed March 29, 2016 Stacy Freudigmann, P.Eng. Date Signed Original signed March 29, 2016 Mike Creek, P.E. Date Signed Original signed March 29, 2016 Jack Caldwell, P.E. Date Signed Original signed March 29, 2016 Andrew J. Vigar, FAusIMM Date Signed Original signed March 29, 2016 Michael Levy, P.E. Date Signed Original signed March 29, 2016 Laurie Tahija, MMSA Date Signed Original signed March 29, 2016 David Stone, P.E. Date Signed Effective Date: February 24, 2016 i C ONTINENTAL GOLD INC. B URITICÁ PROJECT FEASIBILITY STUDY NOTICE JDS Energy & Mining, Inc. prepared this National Instrument 43-101 Technical Report, in accordance with Form 43-101F1, for Continental Gold Inc. The quality of information, conclusions and estimates contained herein is based on: (i) information available at the time of preparation; (ii) data supplied by outside sources, and (iii) the assumptions, conditions, and qualifications set forth in this report. Continental Gold Inc. filed this Technical Report with the Canadian Securities Regulatory Authorities pursuant to provincial securities legislation. Except for the purposes legislated under provincial securities law, any other use of this report by any third party is at that party’s sole risk. CAUTIONARY NOTE WITH RESPECT TO FORWARD-LOOKING INFORMATION This report contains “forward-looking information” as defined in applicable securities laws. Forward-looking information includes, but is not limited to, statements with respect to gold price and exchange rate assumptions, cash flow forecasts, projected capital and operating costs, metal or mineral recoveries, mine life and production rates, potential plans and operating performance, the estimation of the tonnage, grades and content of deposits, the extent of mineral resource and Mineral Reserves estimates, potential production from and viability of the properties, the timing and receipt of necessary permits and project approvals for future operations, access to project funding, and exploration results, and is based on current expectations that involve a number of business risks and uncertainties. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “continues”, “forecasts”, “projects”, “predicts”, “intends”, “anticipates” or “believes”, or variations of, or the negatives of, such words and phrases, or statements that certain actions, events or results “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any of the future results, performance or achievements expressed or implied by the forward-looking information. These risks, uncertainties and other factors include, but are not limited to, the assumptions underlying the mineral resource and mineral reserve estimates not being realized, decrease of future gold prices, cost of labour, supplies, fuel and equipment rising, the availability of financing on attractive terms, actual results of current exploration, changes in project parameters, exchange rate fluctuations, delays and costs inherent to consulting and accommodating rights of local communities, title risks, regulatory risks and uncertainties with respect to obtaining necessary permits or delays in obtaining same, and other risks involved in the gold production, development and exploration industry, as well as those risk factors discussed in CGI’s latest Annual Information Form and its other SEDAR filings from time to time. Forward- looking information is based on a number of assumptions which may prove to be incorrect, including, but not limited to, the availability of financing for CGI’s production, development and exploration activities; the timelines for CGI’s exploration and development activities on the property; the availability of certain consumables and services; assumptions made in mineral resource and mineral reserve estimates, including geological interpretation grade, recovery rates, price assumption, and operational costs; and general business and economic conditions. All forward-looking information herein is qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking information. CGI and the authors of this technical report undertake no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information or future events or otherwise, except as may be required by applicable law. NON-IFRS MEASURES This technical report contains certain non-International Financial Reporting Standards measures. Such measures have non-standardized meaning under International Financial Reporting Standards and may not be comparable to similar measures used by other issuers. Effective Date: February 24, 2016 ii C ONTINENTAL GOLD INC. B URITICÁ PROJECT FEASIBILITY STUDY Contents 1 Executive Summary ...................................................................................... 1-1 1.1 Introduction ................................................................................................................................. 1-1 1.2 Location, Access and Ownership ............................................................................................... 1 - 1 1.3 History, Exploration and Drilling ................................................................................................. 1-1 1.4 Geology & Mineralization ........................................................................................................... 1-2 1.5 Mineral Resource Estimates ...................................................................................................... 1-3 1.6 Mineral Reserve Estimates ........................................................................................................ 1-4 1.7 Mining ......................................................................................................................................... 1-5 1.8 Metallurgical Testing and Mineral Processing ........................................................................... 1-7 1.9 Recovery Equations ................................................................................................................... 1-8 1.10 Recovery Methods ..................................................................................................................... 1-8 1.11 Infrastructure .............................................................................................................................. 1-9 1.12 Environment and Permitting ..................................................................................................... 1-10 1.13 Capital Costs ............................................................................................................................ 1-12 1.14 Reclamation & Closure ............................................................................................................ 1-12 1.15 Operating Costs ....................................................................................................................... 1-13 1.16 Economic Analysis ................................................................................................................... 1-14 1.17 Conclusions .............................................................................................................................. 1-17 1.18 Recommendations ................................................................................................................... 1-20 2 Introduction ................................................................................................... 2-1 2.1 Basis of Feasibility Study ........................................................................................................... 2-1 2.2 Scope of Work ...........................................................................................................................