CBR Gold Corp.
TSX VENTURE : CBG
FRANKFURT : C3M

CBR Gold Corp.

June 12, 2009 09:00 ET

CBG Expands Strategic Land Position at Niblack

1,250 Acres of Key Mineral Claims Added

EDMONTON, ALBERTA--(Marketwire - June 12, 2009) - CBR Gold Corp. (TSX VENTURE:CBG)(FRANKFURT:C3M) ("CBG") is pleased to announce the staking of additional mineral claims contiguous to its 100% owned Niblack Au-Cu-Ag-Zn project located southwest of Ketchikan on Prince of Wales Island, in Southeast Alaska. An additional 150 federal lode claims have been staked adjacent to the Niblack Resource area covering potential down-and up-plunge extensions to the known resource as well as potential fold repetition of the host Lookout Rhyolite. Approximately 1,250 acres have been staked, adding to CBG's previous land holdings of 3,300 acres.

Based on the results of the 2008 underground drill program CBG updated the Niblack resource (see CBG press release dated March 26, 2009) which now comprises an Indicated Resource of 2,272,000 tonnes grading 2.42 g/t gold ("Au"), 34.66 g/t silver ("Ag"), 1.27% copper ("Cu") and 2.36% zinc ("Zn") and an Inferred Resource of 1,502,000 tonnes grading 2.22 g/t Au, 34.62 g/t Ag, 1.68% Cu, and 3.43% Zn based on a US$50 NSR block cut-off. The 2008 drilling results indicate that the Lookout Zone remains open down-plunge to the southwest and that excellent potential exists to significantly expand known mineralization in this direction based on drill holes U-27 (8.11m @ 4.29 g/t Au, 64.14 g/t Ag, 1.85% Cu and 8.75% Zn) and U-28 (78.66m @ 4.83 g/t Au, 85.31 g/t Ag, 1.89% Cu and 4.93% Zn) which were drilled on the southwest extremities of the resource area.

Niblack Deposit

Polymetallic VHMS mineralization at Niblack is hosted by a thick sequence of rhyolite that currently hosts six main massive sulphide occurrences - the historic Niblack Mine, Dama Zone, Lindsy Zone, Trio Zone, Mammoth Zone and Lookout Zone. Mineralization is controlled by fold repetition of the rhyolite sequence, with the Lookout and Trio zones located on the overturned limb of a property-scale synclinal fold.



Table 1. Total CBG Resource Inventory(i)
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Au Au Ag Ag
Project Tonnes (g/t) (oz) (g/t) (oz)
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Indicated

Three Bluffs(ii) 2,700,000 5.85 508,000 - -
Niblack(iii) 2,272,000 2.42 177,000 34.66 2,532,000

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Total Indicated 685,000 2,532,000
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Inferred

Three Bluffs(ii) 1,270,000 5.98 244,000 - -
Niblack(iii) 1,502,000 2.22 107,000 34.62 1,672,000

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Total Inferred 351,000 1,672,000
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Cu Cu Zn Zn
Project Tonnes (%) (lbs) (%) (lbs)
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Indicated

Three Bluffs(ii) 2,700,000 - - - -
Niblack(iii) 2,272,000 1.27 63,595,000 2.36 118,177,000

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Total Indicated 63,595,000 118,177,000
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Inferred

Three Bluffs(ii) 1,270,000 - - - -
Niblack(iii) 1,502,000 1.68 55,630,000 3.43 113,578,000

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Total Inferred 55,630,000 113,578,000
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(i) tonnes, ounces and pounds rounded to nearest thousand
(ii) using a 2 g/t Au block cut-off grade
(iii) using a US$50/tonne cut-off value


For further information on the Three Bluffs resource see CBG press release dated March 2, 2009, and Technical Report filed on Sedar April 28, 2008. For further information on the Niblack resource see Technical Report filed on Sedar October 27, 2008.

CBR Gold Corp. maintains an extensive quality control program in the preparation, shipping and checking of all samples from the property. The program is supervised by Peter Kleespies, M.Sc., P.Geol. who is the Qualified Person as defined by NI 43-101. A detailed description of CBR Gold Corp.'s QA/QC program is provided on the Company's website at www.cbrgoldcorp.com.

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.

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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