Capital Gold Announces Fiscal 2008 First Quarter Conference Call

    NEW YORK, Dec. 11 /PRNewswire-FirstCall/ -- Capital Gold (TSX: CGC; OTC
 Bulletin Board: CGLD) will report its first quarter fiscal 2008 results
 before the market opens for trading on Tuesday December 18th, 2007. There
 will be a conference call that morning, at 8:30 AM Eastern Time which will
 be accessible through dial-in conferencing.
 
     Dial-In Numbers: 1-800-747-5150 (US)
 
 

                       1-647-723-3981 (International)
 
     Once connected, you will be asked to enter an access code, which is:
 9293746
 
     Chris Chipman, Chief Financial Officer and Jeff Pritchard, VP Investor
 Relations will host the conference call. There will be a question and
 answer period at the end of the call. Please call in at least five minutes
 prior to the conference call start time. The call will be archived and
 available on the Company's web site.
 
     About Capital Gold
 
     Capital Gold Corporation (CGLD; CGC) is a gold production and
 exploration company. Through its Mexican subsidiaries and affiliates, it
 owns 100% of the El Chanate gold property in Sonora, Mexico. The proven and
 probable reserve is now 832,000 ounces of gold. Further information about
 Capital Gold and the El Chanate Gold Mine is available on the Company's
 website, www.capitalgoldcorp.com.
 
 

     Contact:
     Jeff Pritchard, VP-Investor Relations      Tel: (212) 344-2785
     Capital Gold Corporation                   Fax: (212) 344-4537
     Email: pritchard@capitalgoldcorp.com
 
     Media Inquiries
     Victor Webb/Madlene Olson                  Tel: (212) 684-6601
     Marston Webb International                 Fax: (212) 725-4709
     Email: marwebint@cs.com
 
     Investor Relations in Canada
     Robin Cook, Account Manager                Tel: (416) 868-1079
     CHF Investor Relations                     Fax: (416) 868-6198
     Email: robin@chfir.com
 
     Statements in this press release, other than statements of historical
 information, are forward-looking statements within the meaning of the
 Private Securities Litigation Reform Act of 1995. Investors are cautioned
 that forward-looking statements are inherently uncertain. Actual
 performance and results may differ materially from those projected or
 suggested due to certain risks and uncertainties, some of which are
 described below. Such forward- looking statements include comments
 regarding the establishment and estimates of mineral reserves and
 non-reserve mineralized material, future increases in mineral reserves, the
 recovery of any mineral reserves, grade, processing rates and capacity,
 estimated future gold production, potential mine life and future growth of
 the company. Factors that could cause actual results to differ materially
 include timing of and unexpected events during construction, expansion and
 start-up; variations in ore grade, tonnes mined, crushed or milled; delay
 or failure to receive board or government approvals; the availability of
 adequate water supplies; mining or processing issues, and fluctuations in
 gold price and costs. There can be no assurance that future developments
 affecting the Company will be those anticipated by management.
 
     Any forecasts contained in this press release constitute management's
 current estimates, as of the date of this press release, with respect to
 the matters covered thereby. We expect that these estimates will change as
 new information is received and that actual results will vary from these
 estimates, possibly by material amounts. While we may elect to update these
 estimates at any time, we do not undertake to update any estimate at any
 particular time or in response to any particular event. Investors and
 others should not assume that any forecasts in this press release represent
 management's estimate as of any date other than the date of this press
 release. Additional information concerning certain risks and uncertainties
 that could cause actual, results to differ materially from that projected
 or suggested is contained in the Company's filings with the Securities and
 Exchange Commission (SEC) over the past 12 months, copies of which are
 available from the SEC or may be obtained upon request from the Company.
 
 
 

SOURCE Capital Gold Corporation