EXHIBIT 99
MULTI-RIG DRILLING CONTINUES TO EXPAND
XIETONGMEN COPPER-GOLD DISCOVERY
October 31, 2005, Vancouver, BC - Ronald W. Thiessen, President and CEO of
Continental Minerals Corporation (TSX.V-KMK; OTC.BB-KMKCF), and Anthony
Garson, President and CEO of China NetTV Holdings Inc. (OTC.BB-CTVH),
announce the results from six additional core holes completed at the
Xietongmen project, located 240 kilometres southwest of Lhasa in Tibet,
People's Republic of China. Drilling, with six rigs in operation, is
ongoing and continues to intersect long intervals of high-grade copper and
gold mineralization. Assay results consistently show the strong continuity
of the mineralization. The area drilled on 50 metre centres now measures
approximately 700 metres northwest-southeast by 350 metres
northeast-southwest. The deposit remains open to expansion in all lateral
directions.
New results from drill holes numbered 5017 and 5032 through 5036 are
reported below and a table of all drill hole assay results to date is
attached. A Property Location Map, a Drill Hole Plan and Cross Sections are
posted on the partner's websites at www.continentalminerals.com
http://www.continentalminerals.com/ & www.ctvh-holdings.com
http://www.ctvh-holdings.com/. Drilling of holes 5051 through 5056 is
currently underway at the site. Sampling or assaying of holes 5023, 5027 to
5031 and 5037 to 5050 is in progress.
XIETONGMEN PROJECT NEW ASSAY RESULTS
=====================================================================================================
From (metres) To Intercept Intercept Cu1 Au1 CuEQ2 % AuEQ2
Drill Hole (metres) (metres) (feet) % g/t g/t
=====================================================================================================
5017 28.6 284.1 255.5 838 0.69 0.99 1.27 2.18
=====================================================================================================
5017 Incl. 28.6 79.0 50.4 165 1.07 0.97 1.63 2.80
=====================================================================================================
5017 and 28.6 49.0 20.4 67 1.61 1.03 2.21 3.79
=====================================================================================================
5017 Incl. 172.0 284.1 112.1 368 0.70 1.23 1.42 2.43
=====================================================================================================
5032 31.0 296.0 265.0 869 0.45 0.73 0.87 1.49
=====================================================================================================
5032 Incl. 128.0 296.0 168.0 551 0.52 0.91 1.05 1.79
=====================================================================================================
5032 and 128.0 190.0 62.0 203 0.66 1.04 1.27 2.17
=====================================================================================================
5033 128.0 349.5 221.5 727 0.59 1.13 1.25 2.14
=====================================================================================================
5033 Incl. 168.0 312.0 144.0 472 0.65 1.30 1.41 2.42
=====================================================================================================
5034 20.8 224.0 203.2 667 0.69 0.77 1.14 1.96
=====================================================================================================
5034 Incl. 20.8 41.0 20.2 66 1.08 0.65 1.46 2.50
=====================================================================================================
5034 Incl. 152.0 218.0 66.0 217 0.74 1.29 1.49 2.55
=====================================================================================================
5035 83.0 303.0 220.0 722 0.50 0.90 1.03 1.77
=====================================================================================================
5035 Incl. 155.0 199.0 44.0 144 0.67 1.40 1.49 2.55
=====================================================================================================
5035 Incl. 251.0 293.0 42.0 138 0.68 0.92 1.22 2.09
=====================================================================================================
5036 20.1 208.3 188.2 617 0.56 0.99 1.14 1.95
=====================================================================================================
5036 Incl. 103.0 197.5 94.5 310 0.65 1.28 1.40 2.40
=====================================================================================================
1 Copper capped at 5%, gold capped at 10 g/t for all calculations.
2 Copper and gold equivalent calculations use metal prices of US$1.00/lb for
copper and US$400/oz for gold.
Adjustment factors to account for differences in relative metallurgical
recoveries for gold and copper will depend upon the completion of definitive
metallurgical testing.
CuEQ = Cu % + (Au g/t x 12.86/22.046)
AuEQ = (Cu % x 22.046/12.86) + Au g/t
Plans are to continue drilling to mid December. Also, property wide surface
exploration and mapping is now underway to assess the full potential of the
Xietongmen mineral property. In all, Continental expects to complete
expenditures on the Xietongmen property of approximately US$5 million for 2005.
Plans, budgets and schedules are now being worked up for aggressive programs and
studies, including substantial drilling, for 2006. It is expected that the
multi-rig delineation drilling program will continue after a break period for
Christmas and Chinese New Year.
Mark Rebagliati, P.Eng., a Qualified Person as defined under National Instrument
43-101, is supervising the drilling program and quality assurance and quality
control ("QAQC") programs on behalf of Continental Minerals Corporation. The
program includes rigorous QAQC procedures. Acme Analytical Laboratories of
Vancouver, BC, an ISO 9001:2000 accredited laboratory, performs the sample
preparation and assaying for the project. Gold analysis is by 30 g Fire Assay
fusion with an Inductively Coupled Plasma-Emission Spectroscopy (ICP-ES) finish.
Copper assays are done by four acid digestion with an ICP-ES finish. Continental
includes standards, blanks and duplicates in addition to the laboratory's
internal quality control work.
For more information on Continental Minerals Corporation, Investors should
review the Company's annual Form 20-F filing with the United States
Securities Commission and its home jurisdiction filings that are available
at www.sedar.com http://www.sedar.com/.
For more information on China NetTV Holdings Inc., Investors should review
the Company's annual Form with the United States Securities Commission at
www.sec.gov http://www.sec.gov/.
XIETONGMEN ASSAY TABLE
OCTOBER 31, 2005
=====================================================================================================
Drill From To (metres) Intercept Intercept Cu1 Au1 CuEQ2 AuEQ2
Hole (metres) (metres) (feet) % g/t % g/t
=====================================================================================================
5001 15.8 277.6 261.8 859 0.41 0.60 0.76 1.30
=====================================================================================================
5001 Incl. 44.6 70.0 25.5 84 0.74 0.81 1.22 2.09
=====================================================================================================
5002 8.6 259.9 251.3 824 0.55 0.82 1.02 1.75
=====================================================================================================
5002 Incl. 44.5 77.2 32.7 107 0.96 0.77 1.41 2.42
=====================================================================================================
5003 2.5 226.1 223.6 734 0.37 1.05 0.99 1.70
=====================================================================================================
5003 Incl. 99.1 123.2 24.1 79 0.92 2.45 2.35 4.02
=====================================================================================================
5004 46.5 294.0 247.5 812 0.57 0.67 0.96 1.65
=====================================================================================================
5004 Incl. 46.5 188.0 141.5 464 0.70 0.77 1.15 1.97
=====================================================================================================
5005 20.4 200.0 179.6 589 0.36 0.53 0.67 1.15
=====================================================================================================
5005 Incl. 20.4 122.5 102.1 335 0.43 0.63 0.80 1.37
=====================================================================================================
5006 18.7 242.7 224.0 735 0.49 0.76 0.94 1.61
=====================================================================================================
5006 Incl. 18.7 121.6 102.9 338 0.71 0.99 1.28 2.20
=====================================================================================================
5007 41.2 97.0 55.8 183 0.88 0.29 1.05 1.80
=====================================================================================================
5007 151.0 195.0 44.0 144 0.22 0.70 0.63 1.08
=====================================================================================================
5008 17.0 306.0 289.0 948 0.63 1.07 1.25 2.14
=====================================================================================================
5008 Incl. 40.2 70.0 29.8 98 1.05 0.89 1.57 2.69
=====================================================================================================
5008 Incl. 155.0 181.3 26.3 86 0.98 1.67 1.95 3.35
=====================================================================================================
5009 82.0 137.5 55.5 182 0.42 0.47 0.69 1.19
=====================================================================================================
5010 36.7 122.0 85.3 280 0.63 0.50 0.91 1.57
=====================================================================================================
5010 Incl. 41.0 88.2 47.2 155 0.81 0.55 1.13 1.93
=====================================================================================================
5010 and 41.0 63.0 22.0 72 1.08 0.69 1.48 2.54
=====================================================================================================
5011 45.3 301.9 256.6 842 0.66 0.89 1.18 2.03
=====================================================================================================
5011 Incl. 45.3 184.0 138.7 455 0.80 0.94 1.35 2.31
=====================================================================================================
5011 Incl. 254.0 300.0 46.0 151 0.70 1.04 1.30 2.23
=====================================================================================================
5012 24.0 332.5 308.5 1012 0.87 1.26 1.61 2.76
=====================================================================================================
5012 Incl. 24.0 106.0 82.0 269 1.36 0.83 1.84 3.16
=====================================================================================================
5012 and 24.0 61.0 37.0 121 2.15 0.62 2.52 4.31
=====================================================================================================
5012 Incl. 119.1 332.5 213.4 700 0.72 1.46 1.57 2.69
=====================================================================================================
5013 42.0 349.4 307.4 1009 0.64 0.76 1.09 1.87
=====================================================================================================
5013 Incl. 66.0 176.0 110.0 361 0.83 0.89 1.35 2.32
=====================================================================================================
5014 76.0 304.0 228.0 748 0.51 0.84 1.00 1.71
=====================================================================================================
5014 Incl. 76.0 112.0 36.0 118 0.74 0.91 1.27 2.17
=====================================================================================================
5014 Incl. 171.0 211.0 40.0 131 0.59 0.94 1.14 1.95
=====================================================================================================
5015 48.3 363.9 315.6 1035 0.61 1.11 1.26 2.16
=====================================================================================================
5015 Incl. 182.0 232.0 50.0 164 0.79 1.49 1.65 2.84
=====================================================================================================
5015 Incl. 253.3 344.0 90.7 298 0.62 1.53 1.51 2.59
=====================================================================================================
5016 87.0 339.0 252.0 827 0.55 0.79 1.01 1.73
=====================================================================================================
5017 28.6 284.1 255.5 838 0.69 0.99 1.27 2.18
=====================================================================================================
5017 Incl. 28.6 79.0 50.4 165 1.07 0.97 1.63 2.80
=====================================================================================================
5017 and 28.6 49.0 20.4 67 1.61 1.03 2.21 3.79
=====================================================================================================
5017 Incl. 172.0 284.1 112.1 368 0.70 1.23 1.42 2.43
=====================================================================================================
5018 12.0 208.0 196.0 643 0.59 0.81 1.06 1.82
=====================================================================================================
5018 Incl. 22.0 167.0 145.0 476 0.63 0.84 1.12 1.91
=====================================================================================================
5019 38.0 46.0 8.0 26 0.72 0.08 0.76 1.31
=====================================================================================================
5019 66.0 365.0 299.0 981 0.56 0.80 1.02 1.75
=====================================================================================================
5019 Incl. 92.1 201.0 108.9 357 0.71 0.94 1.26 2.16
=====================================================================================================
5019 Incl. 315.9 362.6 46.7 153 0.61 1.08 1.24 2.13
=====================================================================================================
5020 80.0 288.0 208.0 682 0.54 0.69 0.94 1.61
=====================================================================================================
5020 Incl. 106.0 142.0 36.0 118 0.78 0.78 1.24 2.12
=====================================================================================================
5020 Incl. 187.0 288.0 101.0 331 0.53 0.85 1.02 1.75
=====================================================================================================
5021 Incl. 53.0 297.0 244.0 801 0.62 1.11 1.27 2.17
=====================================================================================================
5021 Incl. 119.0 297.0 178.0 584 0.68 1.36 1.47 2.52
=====================================================================================================
5021 187.0 374.0 187.0 614 0.53 1.22 1.24 2.12
=====================================================================================================
5021 Incl. 306.1 315.0 8.9 29 0.73 1.34 1.51 2.58
=====================================================================================================
5022 16.0 211.0 195.0 640 0.60 0.84 1.09 1.86
====================================================================================================
5022 Incl. 119.0 187.0 68.0 223 0.78 1.03 1.38 2.36
=====================================================================================================
5023 Results Pending
=====================================================================================================
5024 113.0 370.6 257.6 845 0.60 0.94 1.15 1.96
=====================================================================================================
5024 Incl. 154.3 306.0 151.7 498 0.80 1.25 1.53 2.62
=====================================================================================================
5025 100.0 316.0 216.0 709 0.56 0.95 1.11 1.91
=====================================================================================================
5025 Incl. 158.0 316.0 158.0 518 0.57 1.10 1.21 2.07
=====================================================================================================
5026 47.0 324.0 277.0 909 0.44 0.66 0.83 1.42
=====================================================================================================
5026 Incl. 168.0 288.0 120.0 394 0.56 0.90 1.08 1.85
=====================================================================================================
5026 Incl. 248.0 288.0 40.0 131 0.66 1.39 1.48 2.53
=====================================================================================================
5027 Results Pending
=====================================================================================================
5028 Results Pending
=====================================================================================================
5029 Results Pending
=====================================================================================================
5030 Results Pending
=====================================================================================================
5031 Results Pending
=====================================================================================================
5032 31.0 296.0 265.0 869 0.45 0.73 0.87 1.49
=====================================================================================================
5032 Incl. 128.0 296.0 168.0 551 0.52 0.91 1.05 1.79
=====================================================================================================
5032 and 128.0 190.0 62.0 203 0.66 1.04 1.27 2.17
=====================================================================================================
5033 128.0 349.5 221.5 727 0.59 1.13 1.25 2.14
=====================================================================================================
5033 Incl. 168.0 312.0 144.0 472 0.65 1.30 1.41 2.42
=====================================================================================================
5034 20.8 224.0 203.2 667 0.69 0.77 1.14 1.96
=====================================================================================================
5034 Incl. 20.8 41.0 20.2 66 1.08 0.65 1.46 2.50
=====================================================================================================
5034 Incl. 152.0 218.0 66.0 217 0.74 1.29 1.49 2.55
=====================================================================================================
5035 83.0 303.0 220.0 722 0.50 0.90 1.03 1.77
=====================================================================================================
5035 Incl. 155.0 199.0 44.0 144 0.67 1.40 1.49 2.55
=====================================================================================================
5035 Incl. 251.0 293.0 42.0 138 0.68 0.92 1.22 2.09
=====================================================================================================
5036 20.1 208.3 188.2 617 0.56 0.99 1.14 1.95
=====================================================================================================
5036 Incl. 103.0 197.5 94.5 310 0.65 1.28 1.40 2.40
=====================================================================================================
1 Copper capped at 5%, gold capped at 10 g/tonne for all calculations
2 Copper and gold equivalent calculations use metal prices of US$1.00/lb for
copper and US$400/oz for gold.
Adjustment factors to account for differences in relative metallurgical
recoveries for gold and copper will depend upon the completion of definitive
metallurgical testing.
CuEQ = Cu % + (Au g/t x 12.86/22.046)
AuEQ = (Cu % x 22.046/12.86) + Au g/t
China NetTV Holdings Inc.
World Trade Centre Suite 536
999 Canada Place, Vancouver, BC V6C 3E2 CANADA
Tel: 1(604) 641-1366; Fax:1(604) 641 - 1377
Webpage: www.ctvh-holdings.com;
Symbol: CTVH.OTCBB