Continental Grants Stock Options

Vancouver, BC, - 4 October 2021 - Continental Energy Corporation (OTCQB: CPPXF) (the "Company") announced that it has granted a total of 4,000,000 incentive stock options in equal proportions to two independent directors for their services to the Company.

The options are issued as fully-vested, common shares purchase options in accordance with the provisions of the Company's 2017 Stock Option Plan. Each one option gives the holder the right to purchase one common share of the Company at an exercise price of US$ 0.02 and each is valid until its expiry date on 30 June 2024.


On behalf of the company,

Richard L. McAdoo

Chairman and CEO

Media Contact:     Phil Garrison, Director, (+1-918-860-0183),


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