SOURCE: Wall Street News Alert

August 11, 2005 08:34 ET

Breaking Market Alert: CHGI, Thursday's Hot Stock to Watch!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- August 11, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Capital Hill Gold, Inc. (OTC BB: CHGI), General Electric (NYSE: GE), JDS Uniphase Corporation (NASDAQ: JDSU) and Maxtor Corporation (NYSE: MXO).

Capital Hill Gold, Inc. (OTC BB: CHGI) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that the Federal Government of Nigeria will on August 26 award licenses to about 47 oil block concessions under the 2005 Bid Round, that is expected to bring in new players into the nation's petroleum industry and also stimulate investments in the downstream sector.

News of the award licenses could be big news to investors! According to the company's press release, Capital Hill and OIS - Oil and Industrial Services Ltd, have bid on three of the 47 oil block concessions for this round.

Capital Hill's President, Dan Enright, met with the Managing Director of OIS, Kenneth Worgu, in Philadelphia on Friday, to discuss strategies post August 26, for their Joint Venture Partnership in its West African oil property development.

Continue to watch this company! The company's press release also states that over the next five years, 1 in 5 new barrels of oil on the global market will come from the Gulf of Guinea, and more than $33 billion will be invested in the region, 40 percent of it from American companies, the Washington-based Center for Strategic and International Studies estimates.

Investors should continue to monitor the progress of Capital Hill Gold for further developments! Capital Hill's Nigerian development partner is Oil and Industrial Services Ltd, http://OIS-International.com. The OIS group employs around 400 personnel and is proud to include major companies such as Chevron, Shell, Mobile, AGIP and other world-renowned companies within its client base.

For updated in-depth coverage and a company profile of Capital Hill Gold, visit http://www.backissuesofnewsalerts.us/CHGI0810.html

Prior to yesterday's press release, the stock closed at Forty-Four cents a share.

In case you are not familiar with the company: Capital Hill Gold's strategic objective is to obtain controlling interests in petroleum, uranium and other strategic and precious metal properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI has acquired rights to several mineral exploration properties with uranium, gold and silver, and is actively negotiating for the acquisition of additional properties.

Stocks showing interesting activity yesterday at the close of the regular trading day were: General Electric (NYSE: GE) down 0.7% on 20.8 million shares traded, JDS Uniphase Corporation (NASDAQ: JDSU) even on 33.9 million shares traded and Maxtor Corporation (NYSE: MXO) down 0.3% on 20.2 million shares traded.

Commentary:

"Crude oil hit a high of $64.40, finishing at $64.20 for September delivery. This is the highest ever recorded, and some analysts say that the reason is continued uncertainty in the Mid-East. Any problems in the oil-producing areas could trigger an interruption of supply and we know what the demand side is. The Planet Earth is guzzling around 82 million barrels per day and slowly climbing," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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