Enter your name and email address to receive Gunpoint newsletters

Your Name:
Email Address:

News 2005

News Release

September 30, 2005

Having received notification of acceptance for filing from the TSX Venture Exchange, Christopher James Gold Corporation has closed a private placement with twenty-two investors for a total of 1,331,250 Flow-Through Units to raise a total of $532,500.00. Each Flow-Through Unit consisted of a Flow-Through Common Share and  of a Warrant. A full Warrant entitles the holder to purchase one additional Flow-Through Common Share over a term of one year at a price of $0.55. Units were priced at $0.40 each.

Shares acquired by each investor, and shares acquired upon exercise of the Warrants are subject to a hold period and may not be traded until December 18, 2005, except as permitted by the BC Securities Act and Regulations made thereunder.

As previously announced, the funds raised through this Private Placement will be used to conduct exploration programs upon the Company's five British Columbia properties, with specific emphasis upon the Craigmont Mines Property, upon which the Company holds an option.

The Company has paid a finder's fee of 7.5% for nineteen of the twenty-two investors who have relied upon the Private Placement exemption set out in Part 5 of Multilateral instrument 45-103. The finder's fee has been satisfied by the payment of $9,000.00 and the issuance of $73,594 Units upon the same terms as the Offering except that the Unit is comprised of non-Flow-Through Common Shares.

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. (Ab) Ablett, President & CEO (250) 573-3111