Canadian Gold Hunter Corp.

Canadian Gold Hunter Corp.

January 10, 2005 17:51 ET

Canadian Gold Hunter Intersects 229 Metres Grading 0.55 g/t Gold, 2.6 g/t Silver and 0.3% Zinc at Bob Creek


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: CANADIAN GOLD HUNTER CORP.

TSX SYMBOL: CGH

JANUARY 10, 2005 - 17:51 ET

Canadian Gold Hunter Intersects 229 Metres Grading
0.55 g/t Gold, 2.6 g/t Silver and 0.3% Zinc at Bob
Creek

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 10, 2005) - Canadian
Gold Hunter Corp. (the "Company") (TSX:CGH) announces the final drill
results on its Bob Creek gold project in central British Columbia. The
best results of the program were in drill hole 04-001, which intersected
228.6 metres grading 0.55 g/t gold, 2.6 g/t silver and 0.28% zinc at a
down-hole depth of 75.28 metres.

Five NQ holes totaling 1434 meters were drilled in the program. Hole
04-001 was drilled in the Canyon Zone as a follow up to historic(i) hole
89-2, which is reported to have intersected 156.1 metres grading 0.79
g/t gold, 5.4 g/t silver and 0.54% zinc. Holes 04-002 to 005 were
drilled in the South Zone to follow up on historic(i) hole 89-8, which
intersected 3.0 metres grading 23.7 g/t gold. These last four holes did
not intersect any significant mineralized intervals. The results for
hole 04-001 are shown in the accompanying table.



---------------------------------------------------------------------
Drill Azimuth/ g/t g/t %
hole Incl depth interval width gold silver zinc
---------------------------------------------------------------------

---------------------------------------------------------------------
04-001 045 degrees/ 303.9 75.3- 228.6 0.55 2.6 0.28
-55 degrees 303.9
---------------------------------------------------------------------
including 84.4- 48.8 1.01 3.1 0.43
133.2
---------------------------------------------------------------------
including 99.7- 9.1 3.34 8.7 1.06
108.8
---------------------------------------------------------------------
and 121.0- 12.2 0.94 2.1 0.38
133.2
---------------------------------------------------------------------


The primary target in the Canyon Zone at Bob Creek is a large, low-grade
gold-silver-zinc system. Hole 04-001 corroborated the results from
historic hole 89-2 which was drilled 25 metres to the northwest of hole
04-001 at azimuth 090 degrees and inclination -55 degrees. (i)Historic
drill results reported by previous owners in 1989 prior to
implementation of NI 43-101. The historic assay results reported are
believed to be accurate but have not been verified by the Company's
Qualified Person and therefore should not be regarded with undue
reliance until further work has been performed by the Company on the
property.

The four holes drilled into the South Zone bracketed the encouraging
intercept in historic hole 89-8. The four holes did not extend the
high-grade gold intercept down dip or along strike and limits the extent
of this mineralization. However, these four holes did intersect broad
zones of weakly mineralized rock that are anomalous in copper, gold,
silver, zinc and lead.

The mineralization at Bob Creek is associated with a strong 3000 by 500
metre IP chargeability anomaly caused by a large sulphide system. The
rocks in the area are poorly exposed and the mineral distribution is not
well understood. Further compilation work will be undertaken over the
winter before additional field work is contemplated.

Drill core was prepared and analyzed by ALS Chemex in accordance with
industry standards. Drill results and technical data were reviewed by J.
E. Christoffersen, P. Eng., a Qualified Person pursuant to NI 43-101.
Intervals listed above are for core lengths assayed. True thicknesses
are not accurately known at this time; in some cases they may be less
than the core lengths reported. The Company has a 100% working interest
in the Property.

This News Release contains forward looking statements which are subject
to a variety of risks and uncertainties which could cause actual events
or results to differ materially from those reflected in the forward
looking statements. The Company does not intend to update this
information and disclaims any legal liability to the contrary.

ON BEHALF OF THE BOARD

Richard J. Bailes, President

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Canadian Gold Hunter Corp.
    Sophia Shane
    Corporate Development
    (604) 689-7842
    (604) 689-4250 (FAX)
    Website: www.canadiangoldhunter.com