DENVER, Aug. 3, 2005 (PRIMEZONE) -- Capital Hill Gold, Inc. (OTCBB:CHGI) reports that its previously announced partner consortium, which is currently bidding on blocks in the Nigerian 2005 Bid Round for onshore and offshore oil concessions, has successfully passed the first round in the award process in a potential 300 million barrel acquisition for petroleum and natural gas. The company has learned that the partner consortium has been deemed technically qualified, and will now enter into the commercial bidding phase before the Nigerian oil commission officials. This presentation is expected to occur within the next four to six week period.
Capital Hill's President, Dan Enright states, "Crossing this milestone in the 2005 Nigerian Bid Round is significant step for our company in the award process."
Capital Hill's Nigerian partner is Oil and Industrial Services Ltd, http://OIS-International.com. The OIS group employs around 400 personnel and are proud to include major companies such as Chevron (NYSE:CVX), Shell (NYSE:RD), Mobile (NYSE:XOM), AGIP (NYSE:E) and other world-renowned companies within its client base.
Capital Hill believes that embracing the energy resource markets with a view toward market capitalization and its revenue potential, as a prudent move for the company and its shareholders. With oil rising above $61 a barrel on the international markets on 8/01/05, the company feels confident in it's progression forward.
About The Company
Capital Hill Gold's strategic objective is to obtain controlling interests in petroleum, uranium and other strategic and precious metal properties with excellent exploration potential for economically significant to world-class ore deposits. To reflect the Company's emergence in the energy sector, the company has filed to change its name to Amerimine Resources, Inc. http://Amerimine.com
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.