CHGI China Carbon Graphite Group Inc (CE)

Capital Hill Gold, Inc. (OTCBB:CHGI) reports that the Company has acquired a 100% interest in the Toiyabe Peaks Uranium project. The Toiyabe Peaks project covers sixty-two unpatented lode-mining claims (approximately 1,240 acres) on Federal lands administered by the Bureau of Land Management ("BLM"). The Project is situated between two past-producing uranium mines, and covers more than three linear miles of altered, mineralized structure. Recent surface sampling along this regional trend has returned uranium assays with grades equal to those of the ore resources at the adjoining uranium mines; assays for precious metals have also been positive, with surface samples returning 0.08 to 0.22 oz Ag/ST. Independent geologists who have visited the property and reviewed the geologic data have estimated that the TP project area could host a deposit on the order of 10 to 50 million tons grading 0.06% to 0.10% U3O8. Capital Hill plans to immediately begin exploration work on the Toiyabe Peaks project. Detailed geologic mapping and sampling will be undertaken in conjunction with geophysical surveys to identify areas for trenching and drilling later this summer. Terms of the acquisition call for staged payments totaling $11,500 to Salzburg for reimbursement of claim-staking costs; Capital Hill will be responsible for making all future state, county and federal (BLM) payments. There are no minimum annual work commitments or other property payments on the Toiyabe Peaks project. Salzburg retains a one percent Net Smelter returns royalty (1% NSR), capped at $2.5 million, which Capital Hill may re-purchase for $1.5 million at any time prior to July 31, 2010. 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 mineral 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-looking 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.