The mysterious high Galactic latitude cometary globule CG 12 has been observed with the ACIS detector on board the Chandra X-Ray Observatory. We detect 128 X-ray sources, of which half are likely young stars formed within the globule's head. This new population of >~50 T Tauri stars and one new embedded protostar is far larger than the previously reported few intermediate-mass and two protostellar members of the cloud.