CHGI China Carbon Graphite Group Inc (CE)

Capital Hill Gold, Inc. (OTCBB:CHGI) reports that initial reconnaissance sampling on the company's uranium project has returned assays grading 0.061% U3O8 to 0.068% U3O8. Of great interest to the company is the fact that the samples taken also assayed positively for precious metals, with results ranging from 0.08 to 0.22 oz Ag/ST and trace amounts of gold. The occurrence of silver in conjunction with the uranium mineralization warrants further investigation. Assaying work was performed by Hazen Research (Golden, Colorado). Check assays were performed by Acme Analytical Laboratories (Vancouver, British Columbia, Canada). Additional samples have been collected from several adits, ore dumps and mineralized, altered outcrops on the property during the recent claim-staking program, and have been submitted to American Assay Labs in Elko, Nevada for assaying; results will be reported as they become available. Weather permitting, claim stalking crews anticipate completing work on the uranium project by June 15th. To date, 22 unpatented mining claims have been staked and located (- 440 acres), with an additional 40 claims (- 800 acres) currently planned. Capital Hill's management is pleased and encouraged with the first U3O8 (Uranium Oxide) assay returns as well as the noticeable precious metal results. We will continue to fully support our exploration Geologist and the great job they are doing. -- Note: Spot prices of U3O8 reaching a high of $29 lb, up 41.5% in 2005. 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 -- Sources The Ux Weekly -6/6/05- & The Gold Report 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.