Gunpoint Exploration Ltd.
TSX VENTURE : GUN

Gunpoint Exploration Ltd.

May 09, 2008 19:36 ET

Christopher James Announces Results from Annual General Meeting of Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 9, 2008) - Christopher James Gold Corp. ("the Company") (TSX VENTURE:CJG) announces that all items on its agenda for its most recent Annual General Meeting of shareholders were passed, and that Mr. Ian D. Robertson was added to the Company's Board of Directors. Mr. Robertson is a partner with Robertson & Company Law Partners LLP and has many years experience both as a lawyer and as management in a wide variety of industries. Mr. Robertson replaces Mr. Scott Gifford who resigned recently from the Board of Directors. Company President and CEO, Dr. E. Max Baker, commented: "The Company would like to thank Scott for the support he has provided over the years and wishes him every success with his ongoing ventures."

Two items on the agenda of the Annual General Meeting were required by the policies of the TSX Venture Exchange to be approved by votes of the disinterested shareholders (ie excluding the votes of the members of management). Both of the following items were approved as resolutions of the disinterested shareholders of the Company:

a) A resolution approving the amendment to the price of certain stock options granted to the Company's directors and officers to $0.165 per share, subject to the approval of the TSX Venture Exchange; and

b) A resolution approving the amendment to the Company's stock option plan to allow for the issuance of up to 11,048,949 common shares, being 20% of the Company's issued share capital;

One item on the agenda of the meeting was passed by special resolution of the voting shareholders. This resolution was to amend the Company's Notice of Articles by increasing the authorized capital from 100,000,000 Common shares without par value to an unlimited number of Common shares without par value.

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 $4.8 million in treasury and is well-funded to explore its portfolio of gold projects in 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.

Visit the Company's website at www.christopherjamesgold.com.

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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