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Canadian Gold Hunter Options Noomut Gold Property from Comaplex

May 26, 2004 - 02:09 ET


VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 26, 2004) - (CGH - TSX) Canadian Gold Hunter Corp. (the "Company") is pleased to announce that it has signed a letter of intent with Comaplex Minerals Corp. by which the Company can earn a 70% interest in the Noomut Gold Property located in Nunavut. The Noomut gold property is located in the Kaminak greenstone belt and contains a wide variety of high-grade gold occurrences in a large land package comprising 35 federal claims underlying 29,670 hectares (73,300 acres).

There are four main gold zones, Esker, Napartok, Ironside and Yandle, as well as numerous gold showings, that occur over a strike length of about 40 kilometres. A total of 7,789 meters of diamond drilling has been completed in 51 drill holes with most of the drilling concentrated on the Esker (15 holes) and Yandle (21 holes) prospects. Highlights of the drilling are shown in the accompanying table.

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Zone         Hole No.      Interval (m)      Length (m)       Gold (g/t)
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Esker     ES 1997-13         10.2-15.0            4.80            14.77
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"         ES 1997-15       37.02-49.31           12.29             8.82
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"         ES 1997-23       139.1-144.1            5.00             7.36
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Napartok   NK 1996-6       71.75-73.75            2.00            27.34
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"          NK 1996-7      131.0-132.39            1.39            34.55
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Ironside   IR 1996-1         68.0-74.7            6.70             3.16
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Yandle      Y2002-38         74.7-76.7            2.00            11.15
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"           Y2002-50      120.75-122.0            1.25            17.50
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The Company can earn a 70% interest in the project by spending a total of $5.0 million over 5 years and issuing 100,000 common shares to Comaplex on the signing of a formal agreement. Comaplex will retain a 30% contributing interest following earn in by the Company. The first year expenditure commitment is $350,000.

"These are classic Archean greenstone belt gold occurrences and make an excellent addition to our portfolio of gold properties" commented Rick Bailes, president of the Company. "Comaplex has done a great job in identifying quality drill targets and our job will be to build some high-grade tonnage."

The Noomut Gold Property is located about 175 kilometres west of Arviat in the Kivalliq region of Nunavut. There is a permitted camp on site and an unserviced airstrip located about 14 km from the camp.

ON BEHALF OF THE BOARD

Richard J. Bailes, President


FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian Gold Hunter Corp.
Sophia Shane
Corporate Development
(604) 689-7842
(604) 689-4250 (FAX)
Website: www.canadiangoldhunter.com



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