CBJ

CB Gold Inc. (TSX VENTURE:CBJ) ("CB Gold" or the "Company") is pleased to
provide summary drilling results from its Vetas Gold Project, District of
Santander, Colombia ("Vetas Gold Project"), located 10 km south of AUX's La
Bodega and La Mascota deposits. Results from 4 holes include 4 separate
intercepts of 5 g/t AuEq or greater.


Real Minera Sheeted Vein Zone Drilling

The company has received gold assays from holes 145 and 152, drilled from
Platform 22, which was located 180 metres north of Platform 20. The latest holes
have intercepted wider zones of mineralization in the sheeted vein structures,
including 16.28m at 1.59g/t Au and 11.46m at 0.60 g/t Au and 12.48 g/t Ag
(RM-DDH13-145). These results are consistent with wide zones of mineralization
intersected in the upper sheeted vein system in other drill holes from Platform
22. Wide zones of gold mineralization in drill holes from Platforms 17 and 21
occur in a similar position as those from Platform 22. The high grade gold and
silver mineralization at 248.70m in hole RM-DDH13-145 correlates with other
narrow, high grade intersections at depth in surrounding holes which also
returned high-grade silver. The high grade intersection in hole RM- DDH13-152 is
interpreted to be the upper sheeted vein complex.




Real Minera:                                                                
----------------------------------------------------------------------------
                                                                            
HoleID       From (m)     To (m)  Length (m)  Au (g/t)  Ag (g/t)  AuEq (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
RM-DDH13-145    87.56      91.10        3.54      0.42        na        0.42
  and           96.30      98.09        1.79      2.09        na        2.09
  and          119.18     129.05        9.87      0.37        na        0.37
  including    128.01     129.05        1.04      1.81        na        1.81
  and          141.40     157.68       16.28      1.59        na        1.59
  including    156.60     157.68        1.08     18.37        na       18.37
  and          205.30     210.70        5.40      0.64        na        0.64
  and          218.50     221.95        3.45      0.88        na        0.88
  and          232.95     237.65        4.70      0.48        na        0.48
  and          245.80     257.26       11.46      0.60     12.48        0.82
  including    248.70     249.70        1.00      4.88    134.00        7.23
RM-DDH13-152    83.47      86.31        2.84      2.10        na        2.10
  including     85.34      86.31        0.97      4.42        na        4.42
  and          143.90     149.00        5.10      4.71        na        4.71
  including    143.90     144.90        1.00      7.99        na        7.99
  and                                                                       
   including   144.90     145.90        1.00     12.55        na       12.55
----------------------------------------------------------------------------



All Intervals are reported as drilled thicknesses and are believed to be between
70-100% of the true widths of the mineralization. AuEq in this table and the
subsequent tables was calculated using the 12 month trailing average for Au and
Ag through March 1, 2011 (US$1268/oz Au and US$22.28/oz Ag). Using ratio of
US$Au:US$Ag (56.9), assuming 100% recovery of both metals and no NSR the AuEq
formula is: AuEq = Au g/t + (Ag g/t / 56.9).


El Dorado-Santa Isabel Vein System Drill Results

Results from holes 118 and 127 from the Santa Isabel property confirm the
continuity of the structures predicted by the existing 3D model developed in
conjunction with SRK Consulting. The two reported drill holes are from an area
interpreted to be the juncture of the El Dorado and San Bartolo structures.


The El Dorado vein system has now been drill defined over 1,000 metres and has
the potential to extend a further 700 metres to the southwest and 300 metres to
the northwest. The company is planning to drill test the potential of parallel
vein systems to the west of the El Dorado vein system, projected to be the
extension of high-grade systems currently under production on adjacent
properties to the north.




Santa Isabel:                                                               
----------------------------------------------------------------------------
                                                                            
HoleID        From (m)    To (m)  Length (m)  Au (g/t)  Ag (g/t)  AuEq (g/t)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
SI-DDH12-118    208.78    214.88        6.10      0.43        na        0.43
  and           236.76    247.75       10.99      0.87     24.17        1.29
  including     242.40    244.30        1.90      1.95    104.00        3.77
SI-DDH12-127     84.40     90.72        6.32      1.35        na        1.35
  including      86.72     87.78        1.06      2.40        na        2.40
----------------------------------------------------------------------------



Results from holes ED-DDH13-144, ED-DDH13-146 and ED-DDH13-150 did not return
significant intercepts. Further details of the drillholes mentioned in the news
release can be found at www.cbgoldinc.com.


2013 Exploration Program Update

CB Gold is planning a program of rock saw surface trenching at Real Minera. The
data will be used to add surface data to the drill hole data for the upcoming
resource calculation. All surface trenching will be done with full QA/QC
protocols. The company is also currently undertaking a detailed surface
structural and alteration mapping program at Real Minera to aid SRK Consulting's
modelling.


Vetas Gold Project - Geochemistry:

All the samples taken by CB Gold at its Vetas Gold Project were prepared by ACME
Labs Medellin, Colombia and analyzed by ACME Labs in Vancouver, Canada and
Santiago, Chile. The Company has a standard QA/QC program, which includes
regular insertion of blank material, certified reference material and duplicate
samples. All reported gold values were determined from coarse and fine (+/- 200
mesh) metallic screen fractions of a 1 kg sample, using 50 g fire assay charges
from each fraction, followed by an AA finish, or gravimetric finish for samples
grading higher than 10 g/t Au. Silver grades were determined by dissolution of a
30 g sample in aqua regia with an ICP-MS finish. The QA/QC program has been
reviewed by various independent consultants experienced in QA/QC work.


The scientific and technical information on which this news release has been
based was reviewed and approved by Marius Mare, Vice President Exploration and a
Qualified Person as defined by National Instrument 43-101 - Standards of
Disclosure for Mineral Projects.


About CB Gold Inc.:

CB Gold is a mineral exploration company headquartered in Vancouver, British
Columbia. CB Gold, through its wholly-owned subsidiary, Leyhat Colombia
Sucursal, is actively pursuing the exploration and development of mineral
properties in the Republic of Colombia. The Vetas Gold Project consists of a
number of existing mines (operations currently suspended) and exploration
concessions, and its exploration and development activities are not affected by
the proposed Regional Natural Park Paramo de Santurban.


For more information on CB Gold please visit our website at www.cbgoldinc.com.

The securities of CB Gold described herein have not been and will not be
registered under the United States Securities Act of 1933, as amended (the "U.S.
Securities Act") or any state securities laws and may not be offered or sold
within the United States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption from such
registration is available.


Some of the statements contained in this release are forward-looking statements,
such as estimates and statements that describe the Company's future plans,
objectives or goals, including words to the effect that the Company or
management expects a stated condition or result to occur. Since forward-looking
statements address future events and conditions, by their very nature, they
involve inherent risks and uncertainties. Actual results in each case could
differ materially from those currently anticipated in such statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CB Gold Inc.
Fabio Capponi
CEO
+1 (604) 630-5870


CB Gold Inc.
Orin Baranowsky
V.P. Investor Relations
+1 (416) 847-1845
info@cbgoldinc.com
www.cbgoldinc.com

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