SOURCE: Wall Street News Alert

June 03, 2005 08:31 ET

Wall Street News Alert: CHGI Evaluating High-Grade Bulk-Tonnage Gold Deposit in Nevada!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 3, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Capital Hill Gold, Inc. (OTC BB: CHGI), Sun Microsystems, Inc. (NASDAQ: SUNW), Elan Corporation (NYSE: ELN) and American Eagle Outfitters, Inc. (NASDAQ: AEOS).

Once again, Capital Hill Gold, Inc. (OTC BB: CHGI) may have released news that may be of interest to investors! Yesterday the company issued a press release announcing that the company's geologists are evaluating a potential high-grade bulk-tonnage gold deposit located in Mineral County, Nevada.

This could be a continuation of good news for investors! The project is situated in the vicinity of several operating and past-producing gold mines, including the Paradise Peak, Santa Fe and Rawhide deposits. The privately held 440-acre project was originally staked by a major gold mining company in the 1990s. The property has never been drilled.

According to the company's press release, geologists investigating the property for Capital Hill observed multiple broad zones of silicification extending for considerable distances. Previous surface sampling reportedly returned assays of up to 0.182 oz Au/ST. Based on an initial evaluation of the project and a study of the geology of other gold deposits in the area, geologists believe that the target would be a high-grade bulk-tonnage gold deposit.

Investors should continue to monitor the prospects of Capital Hill Gold for further developments! Samples were collected from a number of mineralized and altered areas of the property, and have been submitted to American Assay Labs in Elko, Nevada, for assaying; a decision to acquire the project will be made based on assay results.

For more in-depth coverage of Capital Hill, visit http://www.backissuesofnewsalerts.us/CHGI0602.html

Prior to the news release, the stock closed at $2.95 a share.

In case you are not familiar with the company: Capital Hill Gold's strategic objective is to obtain controlling interests in properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI intends to acquire mineral exploration properties primarily through the filing of concessions on its own account and in partnership as well as by optioning exceptional properties at reasonable costs relative to the property's potential and the financial capabilities of the company. More information about the company can be found at http://www.CapitalHillGold.com.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Sun Microsystems, Inc. (NASDAQ: SUNW) down 2.8% on 147.7 million shares traded, Elan Corporation (NYSE: ELN) down 14.2% on 43 million shares traded and American Eagle Outfitters, Inc. (NASDAQ: AEOS) up 2.7% on 5.1 million shares traded.

Commentary:

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