SOURCE: Wall Street News Alert

June 17, 2005 08:28 ET

Wall Street News Alert: CHGI Proceeding With Acquisition of Nevada Gold Deposit Based on Positive Results!

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

WESTON, FL -- (MARKET WIRE) -- June 17, 2005 -- Wall Street News Alert's "stocks to watch" this morning are: Capital Hill Gold, Inc. (OTC BB: CHGI), Ivanhoe Energy Inc. (NASDAQ: IVAN), GE (NYSE: GE) and United States Steel Corporation (NYSE: X).

Capital Hill Gold, Inc. (OTC BB: CHGI) may be appearing on the radar screen of aggressive investors and day traders this morning! Yesterday after the stock markets closed, the company issued a press release announcing that following receipt of evaluation reports and sampling results, the Company will immediately be taking steps to acquire a potentially major gold deposit in Nevada.

According to the company's press release, the CM gold project comes on the heels of a claim stake being made by the company's agents of a major Uranium deposit in the same region.

This could be a continuation of good news for investors! The company's press release also states that Fire assay results from samples taken along shear zones and areas of brecciation outcropping on the property returned strongly anomalous gold and silver values in silicified limestones. Field observations identified both upper and lower plate rocks and jasperiods in the area of interest, which, in conjunction with USGS geochemical survey work and privately funded geophysical surveys, suggests that the area of interest could host a major gold deposit.

Investors should continue to monitor the prospects of Capital Hill Gold for further developments! The company says that a claim staking crew is being mobilized, and they will be staking claims over the next seven to ten days. The program will involve staking approximately 30 unpatented mining claims.

For updated in-depth coverage and a company profile of Capital Hill, visit http://www.backissuesofnewsalerts.us/CHGI0616.html

Prior to the news release, the stock closed at Seventy-Seven cents 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 to become 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.

Stocks showing interesting activity yesterday at the close of the regular trading day were: Ivanhoe Energy Inc. (NASDAQ: IVAN) up 9.1% on 9.8 million shares traded, GE (NYSE: GE) down 0.5% on 16 million shares traded and United States Steel Corporation (NYSE: X) up 1.7% on 7.1 million shares traded.

Commentary:

"Housing starts were up 0.2% in May and home prices jumped 4.7%, building starts were off by 4.6%. Manufacturing activity measured in the 12 Fed districts was mixed. Philadelphia saw a drop of 2%, the largest drop in 24 months, but other areas were having a relatively slow surge in activity for April and May," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at: http://www.WallStreetNewsAlert.com.

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