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Canadian Gold Hunter Corp.: 38.8 g/t Gold Intersected in Hunt Zone plus Second High Grade Zone Found Below Hunt on Assean Lake Project, Manitoba

Apr 7, 2004 - 10:00 ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Apr 07, 2004) - (CGH - TSX) Canadian Gold Hunter Corp. (the "Company") is pleased to report high-grade gold assay results from drilling on the Hunt Zone on the Company's Assean Lake, shear-hosted gold project in north-central Manitoba. A total of 4,237 meters was drilled in the 25-hole program, which concluded on March 27th. Nine holes (2,476 m) were drilled on the Hunt Zone and 16 holes (1,761 m) on reconnaissance targets on the north side of Assean Lake.

High-grade assays from three drill holes in the Hunt Zone, HT-147, 151 and 155, are listed in table form below and plotted on the accompanying long section. As a group and individually, the gold intercepts are the best ever encountered on the zone. Significant visible gold was noted in all of the intercepts. In addition, a second high-grade zone (Hunt B) was intersected in HT-147 some 40-45 meters below (to the north of) the Hunt Zone. Only the upper part of the Hunt B was cut in HT-151, which was shut down too early. The Hunt B Zone is also present in HT-155.

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Hole No.           Collar               Azimuth/Angle       Interval (m)
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HT-04-147      1550E/020S     333 degrees/-63 degrees     208.85-210.80
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 and                                                      254.96-256.60
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HT-04-151      1600E/010S     333 degrees/-62 degrees     189.65-192.60
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 including                                                190.15-192.15
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 and                                                      239.25-240.00
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HT-04-155      1650E/025S     333 degrees/-61 degrees     202.83-207.10
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 including                                                203.18-206.12
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 and                                                      239.50-244.20
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Hole No.             Length (m)(a)         Gold (g/t)              Zone
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HT-04-147                 1.95                 16.83               Hunt
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 and                      1.64                 19.28             Hunt B
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HT-04-151                 2.95                 16.96               Hunt
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 including                2.00                 24.53               Hunt
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 and                      0.75                  3.78 (b)         Hunt B
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HT-04-155                 4.27                 27.22               Hunt
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 including                2.94                 38.78               Hunt
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 and                      4.70                  1.73             Hunt B
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(a)True widths are 80% to 85% of the reported lengths.
(b)Hole stopped in Hunt B Zone.


Assays are pending on HT-158 and 161, the last two holes drilled to the west and higher in the Hunt Zone section.

Rick Bailes, President, commented, "These are spectacular results. The high-grade shoot continues to show excellent continuity, is flattening and is clearly open to the west and at depth. The Hunt B Zone is an added bonus, which gives an exciting new dimension to the potential of the Hunt target. We will be undertaking a major drill program on the Hunt Zone again this summer to follow up on these excellent results."

The Assean Lake Project is a 60/40 joint venture between Canadian Gold Hunter and Rare Earth Metals Corp.

Drill results and technical data have been reviewed by Jan Christoffersen, P.Eng., a Qualified Person pursuant to NI-43-101. The mineralized drill core intervals are split in the field and sent to ALS Chemex in Vancouver for analysis. The intervals containing visible gold are assayed by fire-assay procedure for metallics gold. This procedure involves pulverizing a one-kg sample and passing the prepared pulp through a 150 mesh (106 micron) screen. The +150 mesh material is analyzed in its entirety by fire assay. The -150 mesh material is homogenized and a 50-gram subsample is assayed by fire assay with gravimetric finish. The samples from sections that did not contain visible gold were fused by fire assay and analyzed by atomic absorption spectroscopy. A series of standards are routinely introduced with each batch of samples. Quality controls include preparation and analysis statistics performed to industry standards

ON BEHALF OF THE BOARD

Richard J. Bailes, President

NOTE: Location map available from the company at the number listed below or on the company's website at www.canadiangoldhunter.com.


FOR FURTHER INFORMATION PLEASE CONTACT:

International Curator Resources Ltd.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.canadiangoldhunter.com



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