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News 2005

News Release

January 11, 2005

On December 17, 2004, Christopher James Gold Corp. (the "Company") announced that it had arranged a Private Placement with 12 investors to raise a total of $200,000.00. The Private Placement was of Flow-Through Shares priced at $0.25 per share.

The Private Placement has been modified to increase the total amount raised to $240,000.00. Accordingly, the Private Placement now consists of the sale of 960,000 Flow-Through Shares to 12 investors to raise a total of $240,000.00.

The issuance of Private Placement shares is subject to the acceptance of the TSX Venture Exchange. It would be a condition of such acceptance, or the statutory exemptions under which the share issuance are to be made, that the investors will be required to hold the shares purchased for a period of four (4) months from the date of payment for the shares.

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.

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;