Gunpoint Exploration Ltd.

Gunpoint Exploration Ltd.

February 22, 2008 19:52 ET

Christopher James Announces Issuance of New Stock Options and Repricing of Previously Issued Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 22, 2008) - Christopher James Gold Corp. ("the Company") (TSX VENTURE:CJG) announces it is granting, in aggregate, 900,000 new options with an exercise price of $0.165 to various directors, officers, consultants and employees pursuant to the company's stock option plan increasing its outstanding options to 3,825,220 (7.6% of the company's issued shares). The company is also amending the exercise price of 2,925,220 options to $0.165 which were previously granted to employees of the company, some of which are officers and directors. The granting and re-pricing of the options is subject to regulatory approvals.

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 over $5 million in treasury and is well-funded to explore its large portfolio of gold projects in British Columbia, Nevada and Mexico. 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 gold exploration projects, through JV and/or acquisition, to replace the Ranch.

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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