Gunpoint Exploration Ltd.

Gunpoint Exploration Ltd.

August 06, 2008 09:00 ET

Christopher James Acquires Canoe Reach High Temperature Geothermal Project and Two Gold-Copper Projects in British Columbia

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2008) - Christopher James Gold Corp. ("the Company") (TSX VENTURE:CJG) is pleased to announce that it has signed definitive agreements with Candorado Operating Company ("Candorado") to acquire up to 100% interest in the Canoe Reach Geothermal Project, 100% of the Copper Creek Gold-Copper Project, and a 60% interest in the Tillicum Lake Gold-Copper Project. The Company will commence exploration on the Canoe Reach Geothermal Project with a geophysical survey and preliminary drilling as soon as its work program is approved by the relevant authorities.

The Company is also pleased to announce the appointment of John F. Morgan to the Board of Directors. Mr. Morgan has over 35 years experience in business management including serving as President of Labatt's Breweries, as CEO of Versacold, and as CEO of Cryopak Industries. He is currently a partner with the Springboard Group of Companies, a Director of Golden Harp Resources Inc. (TSX.V), and a Director and Chairman of Russell Brewing Co. Mr. Morgan holds an MBA from Queen's University.

S. Douglas (Bud) Smith has resigned as a director of the Company to pursue other ventures. The Company wishes to express its great appreciation to Mr. Smith for his years of service.

Company President and CEO, Dr. Max Baker, commented, "Mr. John Morgan brings a wealth of experience in building and restructuring businesses and his addition to the Board, at a time when the Company is broadening its exploration into geothermal properties, could not be timelier. I would also like to thank Bud Smith on behalf of the shareholders and management of the Company for the business expertise and support he has provided over the years. His contributions will be greatly missed and we wish him every success in his future endeavors."

The Company has also granted incentive stock options to certain directors and an employee purchased 225,000 common shares of the Company, exercisable for a period of five years at a price of $0.09 per share.

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 approximately $4.2 million in treasury and is well-funded to explore its portfolio of projects in British Columbia, including the recently acquired geothermal project. In southern British Columbia, the Company owns 100% of the copper and gold rights to the historic Craigmont mine, as well as the Brassie Creek, Big Kidd, and Little Fort gold properties. The Company is actively pursuing other advanced exploration projects, through JV and/or acquisition.

Visit the Company's website at

Christopher James Gold Corp.

Dr. E. Max Baker, President and CEO

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 Act") 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.

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