Continental Precious Minerals Inc. announces that it has terminated an agreement with respect to a potential reverse takeover transaction involving High Speed Interconnects Inc. ("HSI"), a company headquartered in Scottsdale, Arizona, which extrudes and assembles high-performance RF microwave coaxial cable ranging from 16 to 52 AWG. HSI's low-loss, low-capacitance, phase and amplitude stable coaxial cables are available as SMA, SMP, SSMP assemblies; micro coaxial cable assemblies as small as 0.275mm in pitch; and fine wire, direct-to-board coaxial cable assemblies as small as 0.100mm in pitch. The parties had entered into a letter of intent in December 2018, which was binding on HSI and its principals but not binding on Continental. The parties subsequently entered into a definitive binding agreement on January 24, 2018. Prior to Continental issuing a press release announcing the transaction, which had been approved by all parties, HSI and its principals communicated toContinental that they wanted to change certain terms of the transaction. As a result of HSI breaching the terms of the agreements between the parties, Continental has terminated the definitive agreement.