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News 2008

Christopher James Withdraws From Canoe Reach Geothermal Project

December 4, 2008

Christopher James Gold Corp. (“CJGC†or “the Companyâ€) announces that it has decided not to exercise its option to acquire the Canoe Reach Geothermal Project based upon the interpretative analysis received on the Project from the Company’s independent geothermal consultants. This conclusion was based on recently obtained geochemistry data that suggested reservoir temperatures may not be able to meet the minimum requirements for an economically viable geothermal development.

Max Baker, President of the Company, commented, “The Company could not justify continuing under the terms of the current option agreement given this recent analysis and the limited time remaining before the final option payment was due. Since late 2007, the Company has restricted its focus to identifying and acquiring one or more quality projects which will enable the Company to survive the current downturn and recover value once the market turns. We are in an excellent position to take advantage of other acquisition opportunities in this current market environment with approximately $3 million in treasury and only $60,000 of exploration expenditures required to maintain our existing portfolio of gold properties in good standing through 2011.â€

Pursuant to the Company's news releases dated August 6 and August 15, 2008, the Company also announces the re-pricing of 225,000 incentive stock options from $0.09 per share and 4,775,000 incentive stock options from $0.08 per share to $0.10 per share, respectively, in order to align with Exchange policy.

About Christopher James Gold Corp.

Christopher James Gold Corp. is a Canadian-based resource exploration company trading on the TSX Venture Exchange under the ticker symbol “CJGâ€.

The Company is well funded with approximately $3 million in treasury and has a number of the gold and copper projects in BC, including the rights to the historic Craigmont Mine near Merritt, and 100% ownership of the Big Kidd, Little Fort, Copper Creek, and Brassie Creek gold/copper properties.

Visit the Company’s website:

Christopher James Gold Corp.
Dr. E. Max Baker, President and CEO

Christopher James Gold Corp.
Dr. E. Max Baker, President and CEO
John Glanville, Investor Relations
Tel: 604 408 8829

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Actâ€) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.