Capital Hill Gold, Inc. Announces Exploration Work at Chiqueritos Defines Large Porphyry Gold System.

DENVER -- Capital Hill Gold, Inc. (OTCBB:CHGI) is pleased to announce further encouraging exploration results from the Company's wholly-owned 2,700 acre Chiqueritos gold project in Durango, Mexico, where extensive surface mapping and sampling undertaken has defined a large porphyry gold system.

Reconnaissance geologic mapping carried out by Dr. Fred Warnaars and geologists working for Minera Holmex S.A. de C.V. defined strong hydrothermal alteration exposed over an area 8,200 feet long by 3,300 feet wide, with the known area of alteration and mineralization extending under post-mineral volcanic flows to the east.

Subsequent surface sampling identified a 1,600 by 2,000 foot area highly anomalous in gold hosted in strongly hydrothermal altered dacite porphyries and associated multi-stage silcified hydrothermal breccias. The large gold anomaly is centered on Gavilanes Ridge, the principal target area for bulk tonnage mineralization. The highest gold values are found within a brecciated dacite porphyry exposed on Gavilanes Ridge.

The results from Dr. Warnaars and Minera Holmex's work support the bulk mineable disseminated gold target defined at Chiqueritos by Queenstake Mining (AMEX:QEE) in 1997.

A 10,000 foot core drilling program will test several targets on Gavilanes Ridge.

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.