CB Gold Inc. Reports Summary Geochemical and Geophysical Survey Results at Newly Acquired La Vereda Concession

CB Gold Inc. (TSX VENTURE:CBJ) ("CB Gold" or the "Company") is pleased to
provide summary geochemical and geophysical survey results from the La Vereda
Concession at its Vetas Gold Project, District of Santander, Colombia ("Vetas
Gold Project"), located 10km south of AUX's La Bodega and La Mascota deposits.
The 80% owned La Vereda property is covered by a concession contract expiring in
2037.


La Vereda Geophysics Survey Results:

The Company conducted an Induced Polarisation ("IP") geophysical survey at La
Vereda, identifying a major anomaly characterized by high chargeability and low
resistivity (see attached 3-D images - additional plan view sections can be
viewed at www.cbgoldinc.com). Surface mapping and geochemical sampling had
identified quartz veining and stock work zones similar to other properties at
the Vetas Gold Project.


The geophysics anomaly at La Vereda is approximately 2,000 meters long and up to
700 meters wide and is interpreted as an extension of the epithermal style
mineralization found at surface, with the high chargeability indicating the
presence of potential sulphide mineralization at depth. The anomaly strikes
northeast / southwest, similar to many mineralized structures in the Vetas -
California District.


Mapping to the north of the property boundary has identified an outcropping zone
of quartz veins, approximately 400-500 metres wide, that strikes northeast and
projects under cover directly into the geophysical anomaly identified at La
Vereda. Summary results from surface channel samples across this vein cluster
include gold grades up to 26.3 g/t Au (Additional geochemical results can be
viewed at www.cbgoldinc.com). Drilling will target potential mineralization with
up to 10 initial holes planned into the main zones identified by the survey upon
receipt of drilling permits.


La Vereda Geochemistry:

All the samples taken by CB Gold at its La Vereda Concession were analyzed by
ALS Chemex Labs in Lima, Peru. The Company has a standard QA/QC program which
includes blank material, certified reference material and duplicate samples. The
QA/QC program has been reviewed by various independent consultants experienced
in QA/QC work.


The scientific and technical information on which this news release has been
based was reviewed and approved by Christopher Lee, Principal Geologist at
Touchstone Geoscience Inc. and a Qualified Person as defined by National
Instrument 43-101 - Standards of Disclosure for Mineral Projects.


Fabio Capponi, Chief Executive Officer, noted "The results of the exploration
work at La Vereda show the potential of this property to be an exciting
additional target for the Company and we plan to commence drilling as soon as
possible to test the extensive geophysical anomaly".


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. The Vetas Gold Project consists of a
number of existing mines (operations currently suspended) and exploration
concessions, and its exploration and development activities are not affected by
the proposed Regional Natural Park Paramo de Santurban.


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.


Note: To view the 3-D images associated with this release, please click the
following link: http://media3.marketwire.com/docs/cbj0201.pdf.