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News 2005

News Release

January 18, 2005

Having today received notification of acceptance for filing from the TSX Venture Exchange, Christopher James Gold Corporation has closed a private placement with twelve investors for a total of 960,000 Flow-Through Common Shares to raise a total of $240,000.00. Each Flow-Through Common Share was priced at $0.25.

Shares acquired by each investor are subject to a hold period and may not be traded until April 17, 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 four 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 10% for ten of the twelve 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 issuance of $82,200.00 Common Shares to the Finder.

On Behalf of the Board:
Bud Smith, QC, Chairman of the Board

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:

Bud Smith, QC, President & CEO (250) 828-2898