CBR Gold Corp.
TSX VENTURE : CBR
FRANKFURT : C3M

CBR Gold Corp.

June 10, 2009 09:00 ET

CBR Gold Reports Positive Metallurgical Results From Niblack Deposit

Excellent Cu, Zn, Au, and Ag Recoveries in Locked Cycle Testing

EDMONTON, ALBERTA--(Marketwire - June 10, 2009) - CBR Gold Corp. (TSX VENTURE:CBG)(FRANKFURT:C3M) ("CBG") is pleased to announce detailed metallurgical test work results from its 100% owned Niblack Au-Cu-Ag-Zn project located southwest of Ketchikan on Prince of Wales Island, in Southeast Alaska. Metallurgical work completed on samples from the Niblack deposit has demonstrated high metal recoveries with excellent concentrate grades. This latest test work has resulted in significant improvements to metal recoveries over past metallurgical work conducted on Niblack deposit samples.

Test work has been completed on two 75 kilogram samples composited from half drill core obtained from mineralized intervals from underground drill holes completed in 2008. The first sample was selected to reflect the anticipated life of mine (LOM) grade and the second sample was composited to reflect higher grade zones (HG) within the deposit. The metallurgical test work was performed by SGS Canada Inc. at its Vancouver Metallurgy Facility under the guidance of independent metallurgical consultant Kevin Scott, P.Eng. of Scott Wilson Roscoe Postle Associates Inc.

Key Point Highlights

- High grade copper and zinc concentrates produced from both LOM and HG samples in locked cycle tests

- Copper recoveries of 94.3% and 94.9% in LOM and HG samples, respectively, with excellent copper concentrate grades of 30.0% Cu and 29.3% Cu

- Gold and silver recoveries into the copper concentrate of 62.2% Au and 61.2% Ag in LOM sample

- Zinc recoveries of 90.2% and 93.3% in LOM and HG samples, respectively, with excellent zinc concentrate grades of 60.5% Zn and 65.6% Zn

- Gold and silver recoveries into the zinc concentrate of 9.7% Au and 15.8% Ag in LOM sample

Test work comprised a series of batch rougher flotation tests followed by open-circuit cleaner tests to test various grinding times and reagent schemes. This was followed by a final locked-cycle (6 cycles) test conducted under the optimum open-circuit batch cleaner test parameters.

Detailed results from the locked cycle tests for the LOM and HG samples are given in Table 1 and 2 respectively.



Table 1. Locked Cycle Test Results - LOM Sample - Niblack Project
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Weight Grade, % Recovery, %
--------------------------- ------------------------ -----------------------
Product Grams % Cu Zn Au Ag Cu Zn Au Ag
--------------------------- ------------------------ -----------------------
Cu concentrate 356.3 6.04 29.95 5.02 29.94 503.03 94.33 7.24 62.15 61.15
Zn concentrate 368.4 6.24 0.90 60.45 4.50 125.60 2.94 90.16 9.65 15.79
Zn Scav Tails 872.9 14.79 0.12 0.29 2.14 33.07 0.95 1.04 10.89 9.85
Zn Rougher 4305.3 72.93 0.05 0.09 0.69 9.00 1.78 1.57 17.31 13.22
Tails
Feed 5903.0 100.0 1.92 4.18 2.91 49.66 100 100 100 100
--------------------------- ------------------------ -----------------------


Table 2. Locked Cycle Test Results - HG Sample - Niblack Project
--------------------------- ------------------------ -----------------------
Weight Grade, % Recovery, %
--------------------------- ------------------------ -----------------------
Product g % Cu Zn Au Ag Cu Zn Au Ag
--------------------------- ------------------------ -----------------------
Cu concentrate 542.2 9.12 29.32 5.13 21.62 419.21 94.87 5.25 56.17 53.38
Zn concentrate 752.3 12.66 0.58 65.62 4.50 135.33 2.59 93.26 16.23 23.91
Zn Scav Tails 432.0 7.27 0.27 0.71 2.53 48.23 0.69 0.58 5.23 4.89
Zn Rougher 4217.9 70.96 0.07 0.11 1.11 18.00 1.85 0.90 22.36 17.83
Tails
Feed 5944.4 100.0 2.82 8.90 3.51 71.64 100 100 100 100
--------------------------- ------------------------ -----------------------


The recently completed metallurgical work at Niblack shows significant improvement on metal recoveries over that indicated by historic preliminary testing work conducted in 1990 and 1997. As the current Niblack resource is based on a Net Smelter Return (NSR) block-cut-off which incorporates metal recoveries in the formula (92% Cu, 83% Zn, 50% Ag and 40% Au) the updated recoveries are expected to positively impact the current resource estimate.

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.

CBR Gold Corp. is a Canadian-based exploration and development company focused on the advancement of two wholly owned resource projects; the Niblack Au-Cu-Ag-Zn project in southeastern Alaska and the Three Bluffs gold resource project in Nunavut, Canada. The company also has several generative to early stage projects globally and is continuing to search for and evaluate undervalued gold and copper projects worldwide.



Table 3. CBG Resource Inventory (i)
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Au Au Ag
Project Tonnes (g/t) (oz) (g/t)
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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

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Total Indicated 685,000
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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

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Total Inferred 351,000
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-----------------------------------------------------------------
Ag Cu Cu Zn Zn
Project (oz) (%) (lbs) (%) (lbs)
-----------------------------------------------------------------

Indicated

Three Bluffs (ii) - - - - -
Niblack (iii) 2,532,000 1.27 63,595,000 2.36 118,177,000

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Total Indicated 2,532,000 63,595,000 118,177,000
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Inferred

Three Bluffs(ii) - - - - -
Niblack (iii) 1,672,000 1.68 55,630,000 3.43 113,578,000

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Total Inferred 1,672,000 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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