Capital Hill Announces Further Information on Chiqueritos Gold Project.

DENVER -- Capital Hill Gold, Inc. (OTCBB:CHGI) is pleased to announce further information regarding the Company's recently-acquired Chiqueritos gold project, located in the Tamazula Mining District, approximately 50 miles east of Culican, Mexico. The property is readily accessible by country roads or a small airplane. A small airstrip is located immediately northwest of the property.

Exploration performed by Queenstake Mining (AMEX:QEE) outlined a large, bulk mineable disseminated gold target covering at least a 2,500 foot by 2,000 foot area, but could be larger because of talus cover. Assay values within the target area are generally between 0.2 and 1.2 ppm Au, which is based on more than 900 surface samples including trenches, prospects pits and road cuts.

The target is within a large zone of hydrothermal alteration that extends for at least 6,500 feet in a north-south direction and about 3,500 feet east-west; the alteration area may extend further to the east under post-mineral volcanic cover.

Gold occurs as disseminated and fracture controlled mineralization in intrusive dacite porphyries and in the matrix of various hydrothermal breccias.

No exploration drilling has ever been done on the Chiqueritos project.

The Company's geologists have identified multiple targets to be tested in an initial 10,000 foot drilling program. Bids from drilling companies are being solicited.

The objective of the first phase of drilling will be to identify a resource with grade between 0.03 and 0.06 oz Au/ST that could be economically mined.

About The Company

Capital Hill Gold's strategic objective is to obtain controlling interests in gold and silver properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI intends to acquire mineral exploration properties primarily through the filing of concessions on its own account and in partnership with Mexican prospectors as well as by optioning exceptional properties at reasonable costs relative to the property's potential and the financial capabilities of the company.

On Behalf of Capital Hill Gold, Inc.

Dan Enright, President

This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.