Intersects 36.6 Metres Grading 1.13 g/t Gold at Caballo Blanco, Mexico

Canadian Gold Hunter Corp

Several projects in Canada and one in Mexico that it is actively exploring.

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Intersects 36.6 Metres Grading 1.13 g/t Gold at Caballo Blanco, Mexico

posted on Feb 05, 2009 02:02PM

February 5, 2009

Canadian Gold Hunter Intersects 36.6 Metres Grading 1.13 g/t Gold at Caballo Blanco, Mexico

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2009) - Canadian Gold Hunter Corp. (the "Company") (TSX:CGH) is pleased to report additional gold assays from the Caballo Blanco project in Veracruz, Mexico. Core hole 08CBN-029 intersected 36.58 metres grading 1.13g/t Au (grams gold per metric ton) on the Cerro la Paila gold target in the Northern Zone. Typically, gold and silver in this high-sulphidation zone occur in iron-oxide-cemented, vuggy silica breccias.

Significant assays from the latest drilling are tabulated below.

---------------------------------------------------------------------------
                                Depth        Interval   Width     Au     Ag
Drill Hole         Az/Angle        (m)          (m)(i)  (m)(i)   g/t    g/t
---------------------------------------------------------------------------

---------------------------------------------------------------------------
08CBN-029       082 degrees/   268.22   100.58-137.16   36.58   1.13    3.7
                -75 degrees
---------------------------------------------------------------------------
 including                              112.77-134.11   21.34   1.33    5.2
---------------------------------------------------------------------------
08CBN-030       077 degrees/   332.46    99.05-114.29   15.24   0.28   21.5
                -71 degrees
---------------------------------------------------------------------------
 and                                    147.82-178.30   30.48   0.38    0.7
---------------------------------------------------------------------------
08CBN-031       088 degrees/   334.98   114.91-180.44   65.53   0.38    2.0
                -57 degrees
---------------------------------------------------------------------------
08CBN-032       090 degrees/   256.03    152.4-249.94   97.54   0.43    1.2
                -75 degrees
---------------------------------------------------------------------------
 including                               152.4-176.78   24.38   0.63    1.0
---------------------------------------------------------------------------
 and including                          234.70-248.41   13.71   0.82    1.0
---------------------------------------------------------------------------
08CBN-033       088 degrees/   246.89    86.86-219.46  132.60   0.58    1.4
                -57 degrees
---------------------------------------------------------------------------
 including                               114.3-131.06   16.76   1.43    1.6
---------------------------------------------------------------------------
 and including                          188.98-204.22   15.24   1.41    3.0
---------------------------------------------------------------------------
(i) Intervals are core lengths and true widths may be less than reported 
    here.

This drill program is testing the Cerro la Paila gold target using two track-mounted core rigs. The initial program of 24 holes (5,000 m) will infill Cerro la Paila on 50-metre sections and test two other high-sulphidation gold targets in the Northern Zone - Cerro la Cruz and Cerro Bandera.

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 map accompanying this press release please click on the following link: http://media3.marketwire.com/docs/CG...

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