Capital Gold Corporation Announces Board Changes

    Board Appoints New Chairmen of Audit Committee and Compensation Committee

    NEW YORK, Sept. 4 /CNW/ -- Capital Gold Corporation (TSX: CGC; OTC
Bulletin Board: CGLD) today announced certain changes to its Board of
Directors.  President and CEO Gifford Dieterlie, on behalf of the Board of
Directors, is pleased to announce the appointments, subject to regulatory
approval, of  John W. Cutler and Leonard J. Sojka as directors of the Company.
Mr. Cutler was appointed chairman of the Compensation Committee, and Mr. Sojka
was appointed chairman of the Audit Committee.  The Board of Directors also
determined that Mr. Sojka qualifies to serve as an audit committee financial
expert within the meaning of the regulations of the Securities and Exchange

    Mr. Cutler has over 35 years of experience in the investment management
and securities industries.  He is currently serving as the President, Chief
Executive Officer and a director of Palladon Ventures, Ltd.  Mr. Cutler is
also currently serving as the Managing General Partner of Par Associates, an
investment partnership which he organized in 1988.  Previously, from 2005 to
2009, Mr. Cutler served as a strategist at Swank Capital, LLC, a multi-fund
manager specializing in energy and natural resource investments.  Mr. Cutler
also previously held positions with John S. Herold, Inc., SmithBarney, Inc.,
and First Boston Corporation.

    Mr. Sojka has applied fundamental, technical and arbitrage investment
analysis experience in a wide variety of companies and industries.  He has
served in his current position as an analyst and portfolio manager at SVR
Capital, LLC, an advisor to institutional investors, since September 2002.  In
this position, he has primarily focused on investments in the metals and
mining sector.  Since September 2008, Mr. Sojka has also served as a director
and the corporate secretary for Palladon Ventures, Ltd., a mining exploration
and development company.  Previously, he occupied positions as an analyst and
portfolio manager at Whitebox Long Short Fund, Bighorn Capital LLC, and
Deephaven Capital LLC.

    Ian A. Shaw, John T. Postle and Mark T. Nesbitt have resigned from their
positions as members of the Board of Directors.  Capital Gold appreciates the
effort and dedication over the past, and thanks each for their service as
members of the Board.

    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. Further information about Capital
Gold and the El Chanate Gold Mine is available on its website,


For further information:

For further information: Kelly Cody, Director Corporate Communications,
Capital Gold Corporation, +1-212-344-2785 or fax +1-212-344-4537,; or Victor Webb or Madlene Olson, both of Marston
Webb International for Capital Gold Corporation, +1-212-684-6601 or fax,
+1-212-725-4709, Web Site:

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