Capital Hill Proceeding with Acquisition of Nevada Gold Deposit Based on Positive Results.

DENVER -- Capital Hill Gold, Inc. (OTCBB:CHGI) reports that following receipt of evaluation reports and sampling results, the Company will immediately be taking steps to acquire a potentially major gold deposit in Nevada.

The CM gold project comes on the heals of a claim stake being made by the companies agents, of a major Uranium deposit in the same region.

Fire assay results from samples taken along shear zones and areas of brecciation outcropping on the property returned strongly anomalous gold and silver values in silicified limestones. Field observations identified both upper and lower plate rocks and jasperiods in the area of interest, which, in conjunction with USGS geochemical survey work and privately-funded geophysical surveys, suggests that the area of interest could host a major gold deposit.

A claim staking crew is being mobilized, and they will be staking claims over the next seven to ten days. The program will involve staking approximately 30 unpatented mining claims.

Capital Hill Gold's strategic objective is to obtain controlling interests in properties with excellent exploration potential to become 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 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.