CB Gold Inc.

CB Gold Inc.

March 10, 2014 09:00 ET

CB Gold Inc. Announces Commencement of Further Metallurgical Testwork for Its Vetas Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 10, 2014) - CB Gold Inc. (TSX VENTURE:CBJ) ("CB Gold" or the "Company") announces the commencement of further metallurgical testwork on material from the Company's Vetas Gold project.

The scope of this testwork consists of sample preparation by crushing and grinding, heads assay, gravity separation and flotation of gravity tails in order to evaluate the response of an additional 40 drill core samples taken from different locations around the property to an optimized gravity-flotation flow sheet. The testwork is being undertaken by Inspectorate Exploration & Mining Services Ltd ("IEMS") at their Metallurgical Division laboratories in Richmond, BC.

The Company released the results of the preliminary metallurgical testwork on August 19, 2013.

These preliminary results indicate:

• Strong recoveries of 94.0%+ for traditional gravity concentration and cyanide leach;
• Combined gravity / flotation concentrate recoveries of up to 96.1%;
• These recoveries for both processes occurred at relatively coarse grind sizes of P80 150 to 100 microns;
• Maximum cyanide leach recoveries occurred in just over 24 hours residence; and
• Excellent recoveries in the gravity circuit of up to 84%.

The preliminary testwork was undertaken by IEMS. Samples selected from the drill core at the Vetas Gold Project totalling 172kg were sent to IEMS, and three composite samples representing the main mineralization types were prepared:

Composite 1 El Dorado Vein System 3.77 g/t Au
Composite 2 Real Minera Oxide Zone 2.22 g/t Au
Composite 3 Real Minera Primary Sulphide Zone 6.20 g/t Au

The composites were ground to three sizes - P80 passing 150, 100 and 75 microns and the testwork included gravity concentration, cyanide leaching of the gravity circuit tailings, and sulphide flotation of the gravity tailings.

For further details regarding the preliminary metallurgical testwork results please visit our web site at www.cbgoldinc.com.

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 previously operating mines and exploration concessions.

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

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.

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