Exhibit 99.1

                                  PRESS RELEASE

FOR IMMEDIATE RELEASE

                       CAPITAL GOLD SECURES LISTING ON THE
                             TORONTO STOCK EXCHANGE


NEW YORK, March 21, 2006 - Capital Gold Corporation (TSX: CGC; OTC/BB:CGLD) has
been advised by the Toronto Stock Exchange ("TSX") that effective at the opening
of trading on Wednesday, March 22, 2006, the shares of common stock of Capital
Gold Corp will be listed for trading under the symbol "CGC". Trading in the
shares will be in Canadian funds. The Company's shares also are quoted in US
funds on the OTC Bulletin Board under the symbol "CGLD".

In making the announcement today, Chairman Gifford Dieterle said "We are
delighted to have secured a listing on the TSX. It marks the successful
completion of months of careful planning, and is a crucial part of our corporate
strategy in achieving greater exposure among institutional and retail investors.
We intend, now, to go on to generate a broader shareholder base".

Capital Gold has begun construction of its El Chanate gold mining project in
northern Sonora, Mexico.

      Recent Highlights

      o     The Company has negotiated a commitment for a Senior Project Finance
            Facility from Standard Bank PLC for up to US$12 million.

      o     Successful equity raisings have ensured over US$10 million cash on
            hand.

      o     Feasibility Study updated in October 2005.

      o     Capital costs are estimated at US$17.8 million, which includes
            US$2.1 million in working capital, with average operating cash costs
            of US$259 per ounce.

      o     All required permits are in place.

      o     Exploration drilling on both the El Chanate and El Charro trends is
            currently planned during the second half of 2006.

"Our company has never been stronger or as well prepared. We have the resources
and the management team to take the fullest advantage of the many opportunities
for growth that the El Chanate project affords us" Dieterle said.


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Further information about Capital Gold and the El Chanate project is available
on the Company's website, www.capitalgoldcorp.com

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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, construction cost estimates,
construction completion dates, equipment requirements and costs, production,
production commencement dates, grade, processing capacity, potential mine life,
results of feasibility studies, development, costs and expenditures. 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, tons mined, crushed or milled; delay or failure to receive board or
government approvals; timing and availability of external financing on
acceptable terms for equipment, construction, working capital and other
purposes; the availability of adequate power and water supplies; the
availability of adequate mining equipment; technical, permitting, 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.

The 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.

Contact:
Jeff Pritchard, VP-Corporate Relations                   Tel: (212) 344-2785
Capital Gold Corporation                                 Fax: (212) 344-4537
Email: investorrelations@capitalgoldcorp.com
Website:

Media Inquiries
Victor Webb/Madlene Olson                                Tel: (212) 684-6601
Marston Webb International                               Fax: (212) 725-4709
Email: marwebint@cs.com


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