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News 2007

Christopher James to Raise $5,100,000 by Private Placement

March 22, 2007

Christopher James Gold Corp. (the “Company”) announces a brokered private placement led by Pacific International Securities Inc. and including Blackmont Capital Inc. (the “Agents”) on a commercially reasonable efforts basis, of up to 6,000,000 flow-through units (the “FT Units”) of the Company at a price of $0.85 each, for gross proceeds of up to $5,100,000.

Each FT Unit consists of one flow-through common share and one half of a transferable non-flow-through warrant.  Each whole warrant entitles the holder to purchase one non-flow-through common share for a period of eighteen months from closing at a price of $1.25.  There is an over-allotment option for the sale of up to an additional 1,200,000 FT Units.

A commission of 7% of the gross proceeds of the offering will be paid to the Agents, in cash and/or non-flow-through units at the Agents’ election, at the time of the issuance of the FT Units.  The Agents will be entitled to compensation options equal to 8% of the number of FT Units sold in the offering.  Each compensation option is exercisable at a price of $0.90 for eighteen months into one non-flow-through common share of the Company.  The financing is subject to receipt of all necessary regulatory approvals.

The flow-through funds raised from the offering will be used for general exploration expenditures, which will constitute Canadian exploration expenses (as defined in the Canada Income Tax Act) and will be renounced for the 2007 income tax year.

About Christopher James Gold Corp.

Christopher James Gold Corp. is a Canadian mineral exploration company trading on the TSX Venture Exchange, under the symbol “CJG”.

The Company has over $7 million in treasury and is well-funded to explore its large portfolio of gold projects in British Columbia, Nevada and Mexico:

•     Most notably, it has the exclusive option to acquire 100% of Guardsmen Resources Inc., a private company that owns a number of highly-prospective properties in northern British Columbia, including the high-grade Ranch gold and copper project.

•     In Durango State, Mexico, the Company has an option to acquire up to a 65% interest in Chesapeake Gold Corp.’s Cucaracha Dorada gold project.