DENVER, March 31, 2005 (PRIMEZONE) -- Capital Hill Gold, Inc. (OTCBB:CHGI) is pleased to announce that the Company has completed the acquisition of 100% of the issued and outstanding shares of Chiqueritos Mining, Inc. ("CMI").
CMI, a privately held mineral exploration and development company, holds an option to acquire a 100% interest in the Chiqueritos gold deposit in Mexico (subject to a 3% NSR), a project with excellent exploration potential to host a world-class mineral deposit. Further information is provided in CHGI's Current Report filed March 24,2005 on Form 8-K available at www.sec.gov.
About The Company
Capital Hill Gold's strategic objective is to obtain controlling interests in gold and silver properties with excellent exploration potential for 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 with Mexican prospectors 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., a Florida Corporation
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.