CB Gold Inc.

CB Gold Inc.

November 24, 2010 11:02 ET

CB Gold Inc. Announces the Start of Drilling at the Vetas Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 24, 2010) - CB Gold Inc. (TSX VENTURE:CBJ) ("CB Gold" or the "Company") is pleased to announce the start of the first 3,000 meters drilling at the Real Minera mining property, part of the Vetas Gold Project. The first hole commenced Monday, November 22nd and will test both the stockwork and vein systems. In 2011, the Company expects to drill up to an additional 10,000 meters on the Real Minera property, with further drilling on other targets in the Vetas Gold Project.

Fabio Capponi, President and CEO of CB Gold, stated: "The start of drilling at the Vetas Gold Project is the first step in our ambitious exploration and drilling program which the Company expects to perform through the end of 2010 and during 2011. CB Gold is focused on value creation for its shareholders and development of the communities and areas in which the Company operates."

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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