CBR Gold Corp.

CBR Gold Corp.

November 20, 2009 13:46 ET

CBR Gold Corp. Announces $2M Private Placement

EDMONTON, ALBERTA--(Marketwire - Nov. 20, 2009) - CBR Gold Corp. (TSX VENTURE:CBG)(FRANKFURT:C3M) (the "Corporation") is pleased to announce it is offering a non-brokered private placement (the "Offering") of up to 4,000,000 units (each a "Unit") at a price of $0.50 per Unit for gross proceeds of $2,000,000 if fully subscribed. Each Unit will consist of one common share of the Corporation ("Common Share") and one non-transferable share purchase warrant ("Warrant") entitling the holder to acquire one additional Common Share at a price of $0.65 per Common Share within 5 years from the date of issuance.

The Units will be sold to qualified purchasers in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. Insiders of the Corporation may participate in the Offering. If permitted under applicable securities legislation, the Corporation will pay a commission or finder's fee to registrants or arm's length third parties (each a "Finder"), consisting of cash equal to 5% of the subscription proceeds received from the sale of Units to purchasers referred to the Corporation by a Finder.

Completion of the Offering is subject to the approval of the TSX Venture Exchange and other regulatory approvals. The Corporation intends to use the proceeds from the Offering for general working capital purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The offered securities mentioned in this press release will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to, or for the account or benefit of U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

About CBR Gold Corp.

CBR GOLD CORP. is a global exploration and development company creating opportunity through project acceleration. We deliver value through innovative thinking to identify and acquire underappreciated projects worldwide. Our experience in the capital markets and technical expertise allow us to develop early and advanced stage projects to the point of joint venture or production. Our strategy is to partner with best in class companies to reduce our risk while maximizing the potential for success.

The diverse CBR Gold Corp. portfolio currently includes two advanced stage projects, Niblack (Alaska) and Committee Bay (Nunavut), multiple generative projects, marketable securities holdings and drilling companies in Australia and Canada.

CBR Gold Corp. is a member of the Discovery Group of companies, for more information on the group visit www.discoveryexp.com.

On behalf of the Board
CBR Gold Corp.
/s/"John Williamson"

John Williamson, P.Geol.
President, CEO & Director

Certain disclosures in this release, including management's assessment of CBR Gold Corp.'s plans and projects, constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to CBR Gold Corp.'s operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements. CBR Gold Corp. expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither 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 release.

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