Gunpoint Exploration Ltd.

Gunpoint Exploration Ltd.

December 14, 2006 09:00 ET

Christopher James Gold Reports Additional High-Grade Gold Intercepts at the Ranch Project and Plans 10,000 Metre Drill Program for 2007

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Dec. 14, 2006) -


Christopher James Gold Corp. ("the Company") (TSX VENTURE:CJG) has completed drilling and surface sampling for 2006 at the Ranch Project, in the Toodoggone District in northern British Columbia.

Significant intersections from the final three drill holes from the project's Thesis III Zone included:

- 21 metres grading 6.36 grams per tonne ("g/t") gold, from 27 metres down-hole in hole A06-05;

- and 19 metres grading 3.86 g/ gold, from 20 metres down-hole, in hole A06-04.

Results from concurrent surface exploration for new mineralized structures at the Ranch Project will be released shortly.

The Ranch Project Drill Results

The 2006 drilling program focused on the Thesis III zone, a 175 metres by 100 metres body of mineralization, defined by shallow historical drilling, containing a series of elongate bodies of bonanza-grade mineralization that plunge moderately to the southeast. These bonanza-grade bodies are interpreted as dilated zones developed within a one kilometre-long, northwest-southeast trending structure.

Drill results from the 2006 program are summarized below. Drill holes A06-01, A06-02 and A06-03 have been previously released:

Hole No. From To Interval Gold Interval Gold
(metres) (metres) (metres) (g/t) (feet) (oz/ton)
A06-01 24.0 49.0 25.0 8.00 82.0 0.23
includes 16.0 11.87 52.5 0.34
includes 4.0 40.18 13.1 1.17
A06-02 17.5 55.5 38.0 7.29 124.6 0.21
includes 24.0 10.75 78.7 0.31
includes 4.0 42.75 13.1 1.24
A06-03 12.0 26.0 14.0 4.73 45.9 0.14
includes 3.0 11.75 9.8 0.34
A06-04 20.0 39.0 19.0 3.86 62.3 0.11
includes 4.0 13.52 13.1 0.39
A06-05 27.0 48.0 21.0 6.36 68.9 0.19
includes 7.0 14.07 23.0 0.41
A06-06 61.0 73.5 12.5 0.58 41.0 0.02

Holes A06-01, A06-02 A06-03 and A06-05 intersected one of the bonanza-grade bodies that comprise the Thesis III zone, confirming the continuity of the high-grade mineralization over a strike and down-plunge distance of approximately 75 metres. Drill holes A06-04 and A06-06 are understood to have drilled below the same body.

Systematic and closely-spaced drilling is required to define the extent of all the bonanza-grade bodies within Thesis III, and determine the overall grade. Similar high-grade mineralization occurs elsewhere within the system, at the Thesis II, Bonanza, and BV zones.

The Company plans to definition drill all five of these zones in 2007. The planned 2007 drill program will entail approximately 10,000 metres of combined reverse circulation and diamond drilling in approximately 60 holes.

Quality Assurance and Quality Control

The 2006 exploration program was conducted under the supervision of Cam Graham, M.Eng., P.Eng., a qualified person under National Instrument 43-101. Max Baker, PhD, Member, AusIMM is the qualified person responsible for the contents of this news release.
Drill core was sawn in half, with one half stored for future reference. Sampling and assaying procedures were subject to a rigorous QA/QC program, which included insertion of standards and blanks for each batch of samples. All samples were shipped in sealed packages to Acme Analytical Labs in Vancouver for preparation and analyses.

Mineralized intervals reported are down-hole lengths and may not represent the true width of mineralization.

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 holds interests in a large portfolio of gold projects in British Columbia, Nevada and Mexico:

- Most notably, it has the exclusive option to acquire 100% of Guardsmen Resources Inc., a private company that owns a number of highly-prospective properties in northern British Columbia, including the high-grade Ranch gold and copper project.

- In Durango State, Mexico, the Company has an option to acquire up to a 65% interest in Chesapeake Gold Corp.'s Cucaracha Dorada gold project.

- In Nevada, the Company is currently conducting first-phase exploration under option on the Olympic-Sun and Cedar Mountain gold and silver projects.

- In southern British Columbia, it owns 100% of the copper and gold rights to the historic Craigmont mine, as well as the Brassie Creek, Big Kidd, and Portage Lake gold properties.

Christopher James Gold Corp.

Dr. Max Baker, President

This news release contains forward-looking statements, including those relating to its planned exploration of the Ranch Project in 2007. Forward-looking statements are statements which relate to future events. In some cases, you can identify forward-looking statements by terminology such as "may", "should", "expects", "plans", "anticipates", "believes", "estimates", "predicts", "potential" or "continue" or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. Readers are referred to the sections entitled "Risk Factors" in the Company's periodic filings with the British Columbia Securities Commission, which can be viewed at

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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