Capital Hill Announces Major Increase in Chiqueritos Land Position.

DENVER -- Capital Hill Gold, Inc. (OTCBB:CHGI) is pleased to announce that the Company has completed a major claim-staking program at CHGI's wholly-owned option, the Chiqueritos gold project in Durango, Mexico.

The total land area has been increased from an initial 250 acres to nearly 2,700 acres (more than four square miles). An airstrip is located less than one mile from the northwest edge of the expanded concession.

The increased land position fully-encompasses the bulk mineable disseminated gold target defined by Queenstake Mining (AMEX:QEE) in 1997 which covers an area of at least 600 meters by 700 meters, but could be larger because of talus cover. Assay values within the target area are generally between 0.2 and 1.2 ppm Au, based on more than 900 surface samples including trenches, prospect pits and road cuts.

The full Gavilanes concession now incorporates an extensive area of hydrothermal alteration that extends for at least 6,500 feet along strike and is about 3,000 feet wide, but may well extend further to the east under post-mineral volcanics. Hydrothermal alteration at Chiqueritos has produced a very strong color anomaly that is not easily recognizable from the air because of the lush vegetation.

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.