CB Gold Inc.
TSX VENTURE : CBJ

CB Gold Inc.

November 17, 2010 13:30 ET

CB Gold Inc. Announces the Arrival of the Drilling Rigs at the Vetas Mine Site

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 17, 2010) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CB Gold Inc. (TSX VENTURE:CBJ) ("CB Gold" or the "Company") is pleased to provide its shareholders with an update regarding the drilling program at its Vetas Gold Project ("Vetas Project"). Drilling equipment and rigs have arrived on site. The Company and Kluane Drilling Colombia's staff are working to set up the first drill rig. The Company holds all necessary permits to commence its initial drilling programme.

One rig will start to drill the first 3,000 meters on Real Minera property and an additional drill rig is expected to start work in January 2011 after the scheduled stand down of exploration activities over the Christmas and New Year holiday period.

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.

Cautionary Note Regarding Forward-Looking Statements

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.

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.

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