Capital Gold Receives Commitment Letter From Standard Bank, PLC for a $12,000,000 Senior Project Finance Facility for El Chanate Gold Project 11/15/2005 NEW YORK, Nov 15, 2005 /PRNewswire-FirstCall via COMTEX/ -- Capital Gold Corporation (OTC Bulletin Board: CGLD) is pleased to announce that it has received a commitment letter from Standard Bank, PLC for a Senior Project Finance Facility for up to US$12 million for the development of its El Chanate open- pit gold mining project in Sonora, Mexico. In making the announcement today, Gifford Dieterle, Chairman of Capital Gold Corp., said "We are delighted to receive this commitment from Standard Bank. Their ongoing support of the El Chanate project throughout this past year has been tremendous, and we look forward to moving the El Chanate project toward production." The loan closing is subject to the negotiation, execution, and delivery of definitive financing documentation, as well as the completion of certain conditions, including raising the additional funds necessary for construction and working capital. The loan is anticipated to close in January, 2006. "This financing package will help transform Capital Gold into a producing mining company," says Graeme Hutchison, Head of Mining Finance Americas for Standard Bank. Standard Bank is an international bank with a focus in providing lending and other services to companies active in the mining industry.