Cambridge Capital Announces Agreement to Obtain Financing for Mining Operations

LOS ANGELES - September 7, 2007 - Cambridge Capital Holdings, Inc. (OTC:CCHI), reports that it has entered into an agreement to obtain additional financing to support and continue mining operations at its Maisy Mae mining location. Under the terms of the Agreement, an affiliate of the Company's CEO will purchase 12% Secured Convertible Notes in an amount up to $1 million pursuant to a Note Purchase Agreement. At two scheduled closings, the purchaser will deliver $600,000 and $400,000, respectively, to the Company. The Notes will have a maturity date 12 months from the date of closing and will bear interest at 12% per annum compounded annually. The first closing occurred on August 28, 2007, and a Secured Convertible Note in the amount of $600,000 was issued to the purchaser. The second closing will be set at a mutually determined time in the future. The Company has the right to redeem the Notes at any time without penalty, subject to conversion rights of the purchaser. The Notes are convertible to common stock of the Company, at a conversion rate based upon the bid price of the Company's common stock at or about the respective dates of issuance of the Notes, subject to other terms and conditions contained in the Note Purchase Agreement and related documents. As collateral for the Notes, the Company has pledged to the purchaser 100% of the outstanding common stock of CCHI Canadian Holdings, Inc.. The Company has commenced mining operations at both Maisy Mae and Dryup Gulch mine locations, but initial operations were slowed due to weather and other operational delays. The Company anticipates that this additional financing will support the ongoing mining efforts until such time as the mines can become self sustaining. About Cambridge Capital Holdings, Inc. Cambridge Capital Holdings, Inc. owns and conducts gold mining operations through its CCHI Canadian Holdings, Inc. subsidiary. The Company purchases and sells real estate for investment and/or development through its FiCorp, Inc. subsidiary. The Company's offices are located in Los Angeles, CA. This press release contains statements that are forward-looking, including comments on future business plans, investments, market conditions, revenue growth, expense management, and outlook. Any number of conditions may occur which would affect important factors in this analysis and materially change expectations. These factors include, but are not limited to, known and unknown risks, changes in technology; success of cost-containment programs; ability to successfully identify, negotiate, close and integrate acquisitions and investment opportunities; shifts in competitive patterns; decisions with regard to products and services; changes in revenues and profits; and significant changes in the market environment. For a description of the foregoing and other factors, investors and others should refer to the company's filings available at www.pinksheets.com, including but not limited to information under the headings "Business Overview," "Management's Discussion and Analysis of Financial Condition and Results of Operations" and particularly under the subheading "Risk Factors" there under in its annual report for the year ended Dec. 31, 2006; and other periodic reports. Cambridge Capital undertakes no obligation to update the forward-looking statements contained herein to reflect changed events or circumstances after today's date