CHGI China Carbon Graphite Group Inc (CE)

Capital Hill Gold, Inc. (OTCBB:CHGI) reports that the company's geologists are evaluating a potential high-grade bulk-tonnage gold deposit located in Mineral County, Nevada. The project is situated in the vicinity of several operating and past-producing gold mines, including the Paradise Peak, Santa Fe and Rawhide deposits. The privately-held 440-acre project was originally staked by a major gold mining company in the 1990s. The property has never been drilled. Geologists investigating the property for Capital Hill observed multiple broad zones of silicification extending for considerable distances. Previous surface sampling reportedly returned assays of up to 0.182 oz Au/ST. Based on an initial evaluation of the project and a study of the geology of other gold deposits in the area, geologists believe that the target would be a high-grade bulk-tonnage gold deposit. Samples were collected from a number of mineralized and altered areas of the property, and have been submitted to American Assay Labs in Elko, Nevada for assaying; a decision to acquire the project will be made based on assay results. About The Company 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.