Investors Acquire Shares of CB Gold Inc.

Michelle Navarro Grau ("MNG") announced that MNG may be deemed to have acquired
indirect beneficial ownership of, and/or control or direction over, an
additional 3,491,500 common shares of CB Gold Inc. ("CB Gold", and each common
share of CB Gold, a "Common Share") which were acquired by Seymour Business
Company Inc. ("SBC") through the facilities of the TSX Venture Exchange (the
"Transactions") on April 24, 2014 and May 7, 2014. The number of shares acquired
on each date, and the price per share paid, is as follows: 




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Date                  Number of Common Shares Acquired       Price Per Share
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April 24, 2014                                  10,000                $0.125
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April 24, 2014                                 352,500                $0.130
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May 7, 2014                                  1,935,500                $0.120
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May 7, 2014                                    106,000                $0.115
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May 7, 2014                                     60,000                $0.110
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May 7, 2014                                     99,000                $0.105
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May 7, 2014                                    928,500                $0.100
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Immediately following the completion of the Transactions, MNG may be deemed to
have beneficial ownership of, and/or control and direction over, directly or
indirectly, an aggregate of: (i) 18,171,200 Common Shares of CB Gold (16,825,000
of which are held by SBC, and 1,346,200 of which are held by Thatagata
Investment Corp. ("TIC", and with MNG and SBC, the "Filing Parties"), and (ii)
500,000 warrants to purchase Common Shares of CB Gold (each, a "Warrant"), each
of which may be exercised to purchase one Common Share at a price of $0.70 per
share until October 28, 2015. All 500,000 Warrants are directly held by SBC. MNG
may be deemed to exercise control or direction, directly or indirectly, over SBC
and TIC. In addition, Sagu Holdings Inc. ("SHI") holds 2,120,000 Common Shares
of CB Gold and may be deemed to be acting jointly or in concert with MNG, SBC,
and TIC for purposes of Canadian Securities Laws. 


Accordingly, immediately following the completion of the Transactions, for
purposes of Canadian securities laws MNG (together with SHI, which may be deemed
to be acting jointly or in concert with MNG, SBC, and TIC) may be deemed to have
beneficial ownership of, and/or control and direction over, directly or
indirectly, an aggregate of 20,791,200 Common Shares of CB Gold, or
approximately 13.03% of the Common Shares that would have been outstanding at
such time assuming the issuance of all 500,000 Common Shares for which the
Warrants may be exercised. 


For purposes of calculating percentages of Common Shares beneficially owned or
over which control or direction is exercised, directly or indirectly, the Filing
Parties have assumed that there were 159,586,007 Common Shares outstanding as of
the date hereof (assuming the exercise of all Warrants that are the subject of
this Report), and assuming that there were 159,086,007 Common Shares outstanding
as at March 21, 2014 (without giving effect to the issuance of any Common Shares
upon the exercise of Warrants) as disclosed by CB Gold in its Management's
Discussion and Analysis for the year ended December 31, 2013, filed on SEDAR on
March 26, 2014.


Other Information

The Filing Parties and SHI acquired beneficial ownership of, and control or
direction over, directly or indirectly, the Common Shares that are the subject
of this news release for investment purposes.


The Filing Parties and SHI intend to review their investment in CB Gold on a
continuing basis.


Depending on various factors including, without limitation, CB Gold's financial
position, the price levels of the Common Shares, conditions in the securities
markets and general economic and industry conditions, CB Gold's business or
financial condition and other factors and conditions the Filing Parties and SHI
deem appropriate from time to time, the Filing Parties and/or SHI may in the
future take such actions with respect to their investments in CB Gold as the
Filing Parties or SHI deem appropriate including, without limitation, acquiring
Common Shares or other securities of CB Gold, and selling or otherwise disposing
of some or all of the Common Shares or other securities of CB Gold held by any
of them from time to time.


In addition, the Filing Parties and/or SHI may formulate other purposes, plans
or proposals regarding CB Gold or any of CB Gold's securities to the extent
deemed advisable in light of general investment and trading policies, market
conditions or other factors or may change their intention with respect to any
and all matters referred to above. 


Neither the dissemination over the news wires of this news release nor the
filing with applicable securities commissions of the related early warning
report in connection with the matters disclosed herein in accordance with
applicable Canadian securities laws is an admission that any individual or
entity named or referred to in this news release owns or controls any described
securities or is a joint actor with another individual or entity named or
referred to in this news release.


The Filing Parties' addresses are as follows: Michelle Navarro Grau, Avenida
Javier Prado Este No. 3580, San Borja, Lima, Peru; SBC and TIC, jiron Crane 102,
San Borja, Lima, Peru. 


For further information, including to obtain a copy of the report filed by the
Filing Parties in accordance with applicable Canadian securities laws, contact
the Filing Parties at the address specified below or their Canadian counsel at
the number specified below.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jr. Crane 102
San Borja, Lima 41, Perú
Attn: Ernesto Bendezú
Tel: [phone]


Or contact the Filing Parties' Canadian counsel at:
Tel: [phone]