STUART, Fla., July 2, 2004 (PRIMEZONE) -- Capital Hill Gold, Inc. (OTCBB:CAGI) (the "Company") updates shareholders on the first phase exploration program on its Mexican Hat gold properties located in Cochise County, Arizona.
The Company is awaiting the completion of the Mountain States Laboratory's analysis of the recently completed drill and bulk sampling programs. The geological consultants at Pamicon Developments Limited expect to have all of this information within 2 weeks, following which they will deliver a report with their recommendations.
The call center that had been handling the Company's inbound calls suddenly ceased operation on June 30, 2004 and we regret that many of our shareholders were not able to reach us over the past 48 hours. The July 1st Canadian National Holiday, similar to July 4th in the US, made the resolution of this problematic.
The Company can be contacted directly at 1-866-699-3130 or (604) 725-4160 or (604) 306-1215.
Capital Hill Gold, Inc. is a precious metal exploration and development company focused on exploring and developing precious metal projects.
On Behalf of the Board, KENT CARASQUERO Secretary, CFO www.capitalhillgold.com
Statements contained in this press release, which are not historical facts, are forward looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based largely on the Company's expectations and are subject to a number of risks and uncertainties beyond the company's control, including but not limited to economic, competitive and other factors affecting the Company's operations, management team effectiveness, expansion strategies, available financing, market prices and recovery costs, government regulations involving the Company, facts and events not known at the time of this release, and other factors discussed in the Company's filings with the Securities and Exchange Commission. These statements are not guarantees of future performance and readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. The Company undertakes no obligation to update publicly any forward-looking statements.