CBR Gold Corp.

CBR Gold Corp.

February 01, 2010 17:22 ET

CBR Gold Corp. Announces Up to 20,000 Metre Three Bluffs Drilling Program

EDMONTON, ALBERTA--(Marketwire - Feb. 1, 2010) - CBR Gold Corp. (TSX VENTURE:CBG)(FRANKFURT:C3M) ("CBG" or the "Company") announced today the 2010 exploration program at the Committee Bay Greenstone Belt Project located northeast of Baker Lake, Nunavut, Canada. This year's program will concentrate on expanding the Three Bluffs Gold Resource.

The 2010 exploration program is designed to expand the existing Three Bluffs resource and indentify additional new incremental resources within the well mineralized Three Bluffs trend. "The discovery of shallow high grade mineralization 500 metres to the west of the current resource is the most exciting development at Three Bluffs," said CBR CEO and President, John Williamson. The program will comprise diamond drilling planned in two phases commencing with a spring program of 10,000 metres with an additional 10,000 metres slated for a phase two summer program. Mobilization and supply caching of the spring program has commenced and drilling in expected to begin in late March.

The Three Bluffs deposit currently hosts an indicated resource of 508,000 ounces (2,700,000 tones at 5.85 g/t Au) and an additional inferred resource of 244,000 ounces (1,270,000 tones at 5.98 g/t Au) and remains open to the west and to depth. The phase one drill program will explore for additional mineralization below the existing resource, and test for new mineralized zones along 2500m of west strike extent of the Three Bluffs iron formation trend where surface sampling has returned significant gold values. The 2010 summer drill program is planned to follow-up on results of the spring drilling to continue building resources and resource delineation of newly identified gold zones.

On behalf of the Board
CBR Gold Corp.

 /s/"John Williamson"
President, CEO & Director

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments that the company expects are forward looking statements. Although the company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, uncertainties related to the ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies regarding mining and natural resource exploration and exploitation, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the Company, investors should review the Company's continuous disclosure filings that are available at www.sedar.com.

"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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