Capital Gold Corporation (Capital Gold) is engaged in the mining, exploration and development of gold properties in Mexico. The Company’s primary focus is on the operation and development of the El Chanate project, and it also conducts gold exploration in other locations in Sonora, Mexico. In April 2008, the Company leased 12 mining concessions totaling 1,790 hectares located northwest of Saric, Sonora. In addition, it owns a claim for approximately 2,304 additional hectares adjacent to this property.