Gunpoint Exploration Ltd.
TSX VENTURE : GUN

Gunpoint Exploration Ltd.

November 16, 2010 12:12 ET

Christopher James Gold Corp. Changes Name To Gunpoint Exploration Ltd. and Implements Stock Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 16, 2010) - Gunpoint Exploration Ltd. (TSX VENTURE:GUN) announces that, effective November 16, 2010, the Company has changed its name from Christopher James Gold Corp. to Gunpoint Exploration Ltd. The Company further announces that it has implemented the stock consolidation of one post-consolidation common share for ten pre-consolidation common shares effective November 16, 2010. The name change and stock consolidation were previously announced in a news release dated November 10, 2010. Both are being carried out in connection with the Company's proposed acquisition (the "Acquisition") of the interests of Chesapeake Gold Corp. ("Chesapeake") (TSX VENTURE:CKG) in its Talapoosa gold-silver project located in Lyon County, Nevada and the La Cecilia and La Gitana gold-silver projects located in Mexico (the "Chesapeake Assets"). Chesapeake will also transfer $1,000,000 in cash and negotiable securities to Christopher James on closing of the Acquisition. In consideration for the Chesapeake Assets, the Company will issue to Chesapeake 31,977,899 post-consolidation common shares.

Details regarding the Acquisition are contained in the joint news releases of the Company and Chesapeake dated June 24, 2010 and October 12, 2010 and in the management information circular of the Company dated September 28, 2010 (the "Circular"). Copies of the news releases and Circular have been filed on SEDAR at www.sedar.com by the Company.

About Gunpoint Exploration Ltd.

The Company is a publicly traded mineral exploration company. For a more complete business and financial profile of the Company, interested parties are encouraged to visit the Company's website, www.christopherjamesgold.com, soon to change to www.gunpointexploration.com.

This news release contains forward-looking statements that address future events and conditions and are subject to various risks and uncertainties in relation to the Company. The Company's actual results, programs and financial position could differ materially from those anticipated in such forward-looking statements as a result of numerous factors, some of which may be beyond the control of the Company.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Gunpoint Exploration Ltd.
    Dr. E. Max Baker
    President
    604-408-8829
    or
    Gunpoint Exploration Ltd.
    P. Randy Reifel
    Chairman
    604-731-1094
    www.christopherjamesgold.com