Canadian Gold Hunter Corp.
TSX : CGH

Canadian Gold Hunter Corp.

June 24, 2005 16:01 ET

Canadian Gold Hunter Announces non Flow-Through Private Placement Closed

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 24, 2005) - Canadian Gold Hunter Corp. (TSX:CGH) (the "Company") is pleased to announce that the Non Flow-Through portion of the private placement announced on June 14, 2005 has closed. The Company sold, on a non-brokered, private placement basis, 407,001 Non Flow-Through Common Shares at a price of Cdn $0.75 per share for gross proceeds of Cdn $305,250.75. A 4% finders fee was paid in connection with the private placement. The gross proceeds will be used for general corporate purposes.

The Company has received conditional regulatory approval and the securities have now been issued to the investors.

ON BEHALF OF THE BOARD

Richard J. Bailes, President


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