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Canadian Gold Hunter Intersects 54.86 Metres Grading 1.31 g/t Gold at Caballo Blanco, Mexico

Sep 23, 2008 - 02:08 ET
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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 23, 2008) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to report additional gold and copper assays from the Caballo Blanco project in Veracruz, Mexico. Core hole 08CBN-018 intersected 54.9 metres grading 1.31 g/t Au (grams gold per metric ton), including 13.7 metres grading 3.21 g/t Au, in iron-oxide-cemented, vuggy silica breccias on the Cerro la Paila gold target in the Northern Zone.

In addition, thick copper-gold intercepts are reported for eight holes in two porphyry copper-gold targets in the Central Grid Zone. The drilling at the Pedrero target in the Central Grid Zone is the first to have been conducted in this area. Drill hole 08CBCN-019 returned 41.15 metres grading 0.42 g/t Au and 0.27% Cu to the end of the hole, which was lost at 187.45 metres. Significant assays from the latest drilling are tabulated below.

Significant assay results for 07CBN-018 & 020 in Cerro la Paila.
------------------------------------------------------------------------
                      Az/    Depth       Interval   Width       Au    Ag
Drill Hole         Angle        (m)         (m)(i)  (m)(i)     g/t   g/t
------------------------------------------------------------------------

------------------------------------------------------------------------
08CBN-018    090 degrees/   179.83   71.63-126.49   54.86     1.31   1.4
             -50 degrees
------------------------------------------------------------------------
 including                           91.44-105.16   13.72     3.21   3.5
------------------------------------------------------------------------
08CBN-020    090 degrees/   199.64   97.54-199.64   102.1     0.19   0.5
             -70 degrees 
------------------------------------------------------------------------
 including                          135.64-169.16   33.52     0.31   0.8
------------------------------------------------------------------------

Significant assay results for 07CBCN-019,021, 022 & 024 in Pedrero.
------------------------------------------------------------------------
                      Az/    Depth       Interval   Width       Au    Cu
Drill Hole         Angle        (m)         (m)(i)  (m)(i)     g/t     %
------------------------------------------------------------------------

------------------------------------------------------------------------
08CBCN-019   180 degrees/   187.45  146.30-187.45   41.15     0.42  0.27
             -50 degrees
------------------------------------------------------------------------
08CBCN-021   180 degrees/   108.20          No significant results
             -50 degrees
------------------------------------------------------------------------
08CBCN-022   180 degrees/   304.19  132.89-281.33  148.44     0.21  0.17
             -50 degrees
------------------------------------------------------------------------
08CBCN-024   180 degrees/   210.00    56.38-89.91   33.53     0.46  0.02
             -50 degrees
------------------------------------------------------------------------

Significant assay results for 07CBCN-023,025-028 in Porvenir.
------------------------------------------------------------------------
                      Az/    Depth       Interval   Width       Au    Cu
Drill Hole         Angle        (m)         (m)(i)  (m)(i)     g/t     %
------------------------------------------------------------------------
08CBCN-023   180 degrees/   295.13   12.19-131.06  118.87     0.15  0.12
             -50 degrees
------------------------------------------------------------------------
08CBCN-025   180 degrees/   318.51  117.35-163.06   45.71     0.25  0.14
             -75 degrees
------------------------------------------------------------------------
08CBCN-026   180 degrees/   349.91   94.48-204.21  109.73     0.27  0.17
             -50 degrees
------------------------------------------------------------------------
08CBCN-027   360 degrees/   272.80   91.44-115.82   24.38     0.16  0.18
             -60 degrees
------------------------------------------------------------------------
08CBCN-028   180 degrees/   403.86   39.62-403.86  364.24     0.17  0.12
             -75 degrees
------------------------------------------------------------------------

(i) Intervals are core lengths and true widths may be less than reported
    here.

The initial phase of drilling in the Northern Zone has been completed. Nineteen holes totaling 3,464 metres were drilled. At Cerro la Paila, gold-bearing silica breccias have now been traced by surface sampling and diamond drilling over a north-south distance of 750 metres and up to about 350 metres in an east-west direction. The gold-bearing breccias are up to 150 metres thick; however, many drill holes were abandoned in mineralized silica breccia and the depth extent of the gold-bearing zone is not known. The best hole drilled at Cerro la Paila is 08CBN-004, which intersected 94.5 metres grading 2.09 g/t gold. The next phase of drilling at Cerro la Paila, which is scheduled to start in early November, 2008, will be completed using larger drill rigs that are capable of drilling deeper holes.

In the Central Grid Zone, 2,467 metres were drilled in nine holes to test two targets, Pedrero and Porvenir, which are gold-rich porphyry targets defined by coincident magnetic, I.P. and geochemical anomalies. Pedrero and Porvenir are separated by almost three kilometres and are part of a very large sulphide system as defined by I.P. surveys. Broad intervals of copper-gold mineralization are associated with intensely altered monzodiorite intrusions. Additional targets within the Central Grid will be drill tested in the next phase of drilling.

The Company can earn a 70 per cent interest in the Caballo Blanco project from Almaden Minerals Ltd. by spending US$12 million over a period of six years.

The geological data in this news release were verified by qualified person Jan Christoffersen, P. Eng., Vice President of Canadian Gold Hunter Corp. Appropriate quality control and quality assurance protocols are utilized on the program. Standard reference samples and various duplicates are inserted in each batch of assays. Drill core samples are cut by saw on site and sample splits are shipped for preparation to ALS Chemex in Guadalajara, Mexico. Sample pulps are sent to ALS Chemex in North Vancouver, B.C., Canada and analyzed for gold by fire assay and for silver and 34 other trace and major elements by ICP-MS in accordance with standard industry practices.

ON BEHALF OF THE BOARD

Richard J. Bailes, President

To view the maps accompanying this release please click on the following link: http://media3.marketwire.com/docs/cgh_maps.pdf.


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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