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News 2005

CHRISTOPHER JAMES TO RAISE CDN $2 MILLION

December 16, 2005

Christopher James Gold Corporation (the "Company") announces its intention to undertake a non-brokered private placement of up to 1.25 million flow-through units, at a price of $0.40 per unit, and five million non-flow-through units, at a price of $0.30 per unit, to raise total gross proceeds of $2 million.

Each flow -through unit will consist of one flow-through share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non flow-through share for a period of 12 months at a price of $0.70 each. Each non-flow-through unit will consist of one common share and one-half of one share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for a period of 12 months at a price of $0.60 per share.

A finder's fee will be paid in connection with the private placement. The finder will receive units (having the same attributes as, and with a deemed price equal to the subscription price of, the non-flow-through units) and warrants - in each case equal to 7% of the number of units sold to purchasers introduced to the Company by the finder. Each finder's warrant will entitle the holder to purchase one common share of the Company for a period of 12 months at a price of $0.45.

The financing proceeds will fund exploration and development work on the Company's mineral properties and general working capital. The private placement is subject to regulatory approval.

On Behalf of the Board:
Albert A. (Ab) Ablett, President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

For further information contact Albert A. Ablett (250) 573-3111.