Gunpoint Exploration Ltd.
TSX VENTURE : GUN

Gunpoint Exploration Ltd.

August 15, 2008 18:27 ET

Christopher James Announces Issuance of New Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 15, 2008) - Christopher James Gold Corp. ("the Company") (TSX VENTURE:CJG) announces it is granting, in aggregate, 4,775,000 new options with an exercise price of $0.08 to various directors, officers, consultants and employees pursuant to the company's stock option plan increasing its outstanding options to 8,470,000 (15.33% of the company's issued shares). The granting of the options is subject to regulatory approval.

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 million in treasury and is well funded to explore its portfolio of projects in British Columbia, including the recently acquired Canoe Hot Springs Geothermal Project. In southern British Columbia, the Company owns 100% of the Copper Creek claims located in the Kamloops mining district, an option on the Tillicum Lake property in the Cariboo mining district, 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 www.christopherjamesgold.com.

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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