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, La Mascota and El Gigante deposits. Results from four holes include 7
separate intercepts of 5 g/t AuEq or greater.


El Dorado and San Bartolo Drilling

The Company has received assays from holes 159 to 162 drilled from Platform 29,
located 475m east of Platform 21. These are the final holes in the 2013 drilling
program and have intercepted wider zones of mineralization in the Tesorito vein
and associated hanging wall structures (part of the El Dorado Vein System),
including 6.44m at 2.20 g/t Au (RM-DDH13-161) and 10.99m at 1.01 g/t Au
(RM-DDH13-160). These results demonstrate the northern and eastern continuity
and extension of the El Dorado and San Bartolo Vein Systems, respectively.


Hole 161 intersected the San Bartolo vein approximately 500m below surface,
which indicates a considerable vertical extent of high-grade mineralization -
see results of surface sampling of the San Bartolo structure below. All of the
structures intersected in the recent drilling extend to surface and have been
mapped and sampled where possible. Considering that the San Bartolo vein system
has been traced down dip for at least 500m, it is highly likely that the other
structures have a similar vertical extent.




---------------------------------------------------------------------------
HoleID         From (m)  To (m)  Length (m)  Au (g/t)  Ag (g/t)  AuEq (g/t)
---------------------------------------------------------------------------
---------------------------------------------------------------------------
 RM-DDH13-159    101.78  105.25        3.47      1.27     11.39        1.47
          and    159.27  160.40        1.13      5.12     18.90        5.45
 RM-DDH13-160     93.86  104.85       10.99      1.01     10.13        1.19
    including    103.50  104.85        1.35      4.32      7.90        4.46
          and    147.26  148.06        0.80      4.50     46.40        5.32
          and    241.10  242.10        1.00      7.17     36.30        7.81
          and    330.35  331.25        0.90     16.40      4.80       16.48
 RM-DDH13-161    137.16  143.60        6.44      2.20      9.26        2.36
          and    511.55  514.55        3.00      2.94     22.40        3.33
 RM-DDH13-162    192.20  193.20        1.00      7.21    348.00       13.32
          and    206.50  207.43        0.93      8.23      1.80        8.26
          and    400.15  401.28        1.13     16.19     35.60       16.82
---------------------------------------------------------------------------
---------------------------------------------------------------------------
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).                



These holes intercepted the San Bartolo, Botellas and Tesorito veins on the
western and northern areas of the Real Minera property. Hole 159 is interpreted
to have intersected a hanging wall structure to the Tesorito vein and the
Tesorito structure proper (1.13m at 5.12 g/t Au and 18.90 g/t Ag). Drill hole
160 intersected the Tesorito vein, a footwall splay to the Tesorito vein, the
Botellas Vein (1.0m at 7.17 g/t Au and 36.30 g/t Ag) and the San Bartolo vein
(0.90m at 16.40 g/t Au). Drill hole 161 intersected the Tesorito vein and the
San Bartolo vein (3.00m at 2.94 g/t Au and 22.40 g/t Ag). Drill hole 162
intersected two mineralized structures interpreted to be the Botellas vein
(1.00m at 7.21 g/t Au and 348.00 g/t Ag) and the San Bartolo vein (1.13m at
16.19 g/t Au and 35.60 g/t Ag). Further details of the drill holes mentioned in
the news release can be found at www.cbgoldinc.com.


Vetas Gold Project Surface Sampling

CB Gold recently completed a program of surface trenching and rock saw channel
sampling (141 samples) over several of the structures present within the
boundaries of CB Gold's concessions. Samples were taken in fresh rock using a
diamond saw to cut perpendicular channels across the structures. The results
confirm the surface projections of the known underground vein systems and
demonstrate that the high-grade structures continue to surface. Highlights
include:




--  2.85 g/t Au over an average width of 1.10m and strike length of 9.0m -
    Tesorito West 
--  2.29 g/t Au over an average width of 1.14m and strike length of 59.90 m
    - Tesorito East 
--  1.25 g/t Au over an average width of 0.74m and strike length of 88.80m -
    San Bartolo 
--  1.42 g/t Au over an average width of 0.68m and strike length of 3.5m -
    Botellas, and 
--  4.58 g/t Au over an average width of 1.05m and strike length of 1.0m -
    El Brinco. 



These results are shown on the attached maps and can also be viewed at
www.cbgoldinc.com.


Surface Results Table:



----------------------------------------------------------------------------
ID                 STRUCTURE      TYPE  LENGTH (m)  Au g/t  Ag g/t  AuEq g/t
----------------------------------------------------------------------------
----------------------------------------------------------------------------
1       Tesorito Vein (East)      VEIN        0.65    0.86    4.60      0.94
2       Tesorito Vein (East)      VEIN        0.45    1.34   67.70      2.53
        Tesorito Vein (East)  VEINLETS        0.70    0.86    4.40      0.94
3       Tesorito Vein (East)      VEIN        1.15    0.13    0.50      0.14
4       Tesorito Vein (East)  VEINLETS        1.20    8.60    0.80      8.61
        Tesorito Vein (East)  VEINLETS        1.00    0.50    2.10      0.53
5       Tesorito Vein (East)      VEIN        0.55    0.65    1.70      0.67
6       La Peter-Dorado Vein      VEIN        0.50   22.80    6.80     22.92
        La Peter-Dorado Vein      VEIN        0.55    1.45    1.30      1.48
        La Peter-Dorado Vein      VEIN        1.05    0.44    1.20      0.46
7              Tesorito Vein      VEIN        1.15    1.26    2.80      1.31
8              Tesorito Vein      VEIN        0.45    0.17    0.70      0.18
               Tesorito Vein      VEIN        0.60    7.89   25.70      8.34
9   Las Botellas Vein (West)      VEIN        0.55    1.02    8.40      1.17
10  Las Botellas Vein (West)      VEIN        0.40    2.08   24.40      2.51
    Las Botellas Vein (West)      VEIN        0.40    1.31   17.80      1.62
11  Las Botellas Vein (East)      VEIN        0.30    2.15    1.00      2.16
12     El Brinco Vein (East)      VEIN        0.60    1.54    2.80      1.59
       El Brinco Vein (East)      VEIN        0.45    3.32   19.70      3.67
13          San Bartolo Vein      VEIN        0.80    0.89    6.80      1.01
14          San Bartolo Vein  VEINLETS        1.00    2.05    8.20      2.20
15          San Bartolo Vein      VEIN        0.55    0.49    1.30      0.51
16          San Bartolo Vein      VEIN        0.70    1.12    2.30      1.16
17          San Bartolo Vein      VEIN        0.50    1.24    1.70      1.27
18          San Bartolo Vein      VEIN        0.40    1.88   10.90      2.07
            San Bartolo Vein      VEIN        0.80    0.98    2.80      1.03
19          San Bartolo Vein      VEIN        0.45    1.15   10.60      1.34
----------------------------------------------------------------------------
----------------------------------------------------------------------------
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).                                                                



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. 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 Regional Natural Park Paramo de Santurban.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.


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.


To view maps associated with this press release, please visit the following links:

http://media3.marketwire.com/docs/897740_drill_hole.pdf 

http://media3.marketwire.com/docs/897740_Sampling_Map.jpg 

FOR FURTHER INFORMATION PLEASE CONTACT: 
CB Gold Inc.
+1 (604) 630-5870
info@cbgoldinc.com
www.cbgoldinc.com

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