CHGI China Carbon Graphite Group Inc (CE)

Capital Hill Gold, Inc. (OTCBB:CHGI) reports that following receipt of sampling results, the Company has opened negotiations to acquire a second gold deposit in Nevada. The privately held 440-acre WBH gold project (Mineral County, Nevada) is located in the general vicinity of several past-producing gold mines. The project has never been drilled. Geologists investigating the property for Capital Hill observed multiple broad zones of silicification extending for more than one mile. Samples collected from a number of mineralized and altered areas of the property were assayed by American Assay Labs (Elko, Nevada). All samples contained gold; the higher-grade samples (from quartz veins and breccias) contained between 0.012 to 0.023 oz Au/ST. The Company is very encouraged by the corresponding silver assays for these samples (which ranged between 0.26 to 1.93 oz Ag/ST); the silver values are far greater than anticipated. Sampling also identified local Hg anomalies and mineralized jasperiods. Based on the recommendations of independent geologists, supported by positive assay results, the Company has begun negotiations to acquire the WBH gold project, where future exploration would likely target a bulk tonnage gold deposit. 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.