CBJ

CB Gold Inc. (TSX VENTURE:CBJ) ("CB Gold" or the "Company") is pleased to
provide summary drilling results from its Vetas Gold Project, District of
Santander, Colombia ("Vetas Gold Project"), located 10 km south of AUX's La
Bodega and La Mascota deposits. Results include 15 separate intercepts of 5 g/t
Au or greater.


Real Minera Stockwork Zone Drill Results:

The Company has now received assays from holes 130, 132, 135, 141 and 143 and is
pleased to report that the latest holes have intercepted wider zones of
mineralization in the sheeted vein structures, including 6.87m at 17.41g/t Au
(RM-DDH12-135), 6.05m at 12.45g/t Au (RM-DDH12-143) and 9.35m at 2.41 g/t Au
(RM-DDH12-130). The last two intersections are the down-dip extensions of high
grade mineralization tested in RM-DDH11-128 which returned a value of 8.03m at
5.43g/t Au. The most recent drilling at Real Minera has demonstrated the lateral
and down-dip continuity of the high grade, uppermost sheeted vein
mineralization. At least three parallel sheeted vein zones have been identified
to date.


In addition, there were numerous intercepts of higher-grade narrow structures
including 2.35m at 8.22g/t Au (RM-DDH12-141), 3.36m at 5.05g/t Au (RM-DDH12-143)
and 1.00m at 15.90 g/t Au (RM-DDH12-132).


Real Minera:



----------------------------------------------------------------------------
                           From       To   Length       Au       Ag     AuEq
HoleID                      (m)      (m)      (m)    (g/t)    (g/t)    (g/t)
----------------------------------------------------------------------------
RM-DDH12-130              22.86    24.30     1.44     2.29     1.80     2.32
  and                     53.05    54.20     1.15     4.34     2.05     4.38
  and                     68.67    78.02     9.35     2.41    17.60     2.72
  including               71.10    72.11     1.01     5.78     3.20     5.83
  and including           75.15    76.28     1.13    12.10     3.70    12.17
  and                    142.01   143.00     0.99     5.89    10.80     6.08
  and                    220.35   221.60     1.25     3.75     1.70     3.78
RM-DDH12-132             325.05   326.05     1.00    15.90     4.90    15.99
RM-DDH12-135              50.56    51.81     1.25     5.47     1.70     5.50
  and                     71.25    78.12     6.87    17.41     4.50    17.49
  including               71.25    72.45     1.20    82.92    12.40    83.13
  and including           76.88    78.12     1.24    13.52     8.90    13.68
RM-DDH12-141              33.36    34.55     1.19     2.30     1.00     2.32
  and                     37.04    38.10     1.06     1.01     0.30     1.01
  and                     96.80    99.15     2.35     8.22    13.10     8.45
  and                    150.35   152.10     1.75     2.58     1.90     2.61
  and                    251.66   252.66     1.00     1.52     1.80     1.55
  and                    310.80   311.80     1.00     1.69    34.70     2.30
RM-DDH12-143             100.95   107.00     6.05    12.45     3.70    12.52
  including              100.95   102.10     1.15    57.99    10.70    58.18
  and including          105.90   107.00     1.10     5.99     6.20     6.09
  and                    158.18   161.54     3.36     5.05     2.20     5.09
  including              160.37   161.54     1.17    12.90     4.70    12.98
----------------------------------------------------------------------------
All Intervals are reported as drilled thicknesses and are believed to be    
between 70-100% of the true widths of the mineralization. AuEq in this table
and the subsequent tables was calculated using the 12 month trailing average
for Au and Ag through March 1, 2011 (US$1268/oz Au and US$22.28/oz Ag).     
Using ratio of US$Au:US$Ag (56.9), assuming 100% recovery of both metals and
no NSR the AuEq formula is: AuEq = Au g/t + (Ag g/t / 56.9).                



Further details of the drillholes mentioned in the news release can be found at
www.cbgoldinc.com.


El Dorado Vein System Drill Results:

Results from holes 116, 120, 123, 125, 129, 131, 133, 134 and 136 from the El
Dorado, La Peter and Santa Isabel properties confirm the consistent nature of
the structure predicted by the existing 3D model developed in conjunction with
SRK Consulting, adding further confidence in the predictability of the vein
system. Drilling intercepted several high-grade narrow structures including
1.31m at 21.30g/t Au (SI-DDH12-116), 2.39m at 9.25g/t Au (LP-DDH12-129) and
1.14m at 6.35g/t Au (SI-DDH12-123).


The El Dorado vein system has now been drill defined over 1,000 metres and has
the potential to extend a further 700 metres to the southwest and 300 metres to
the northwest. The company is planning to drill test the potential of parallel
vein systems to the west of the El Dorado vein system, projected to be the
extension of high-grade systems currently under production on adjacent
properties to the north.


Additionally, hole 125 drilled from the Santa Isabel property was located in the
area close to the intersection of the El Dorado and San Bartolo veins. Drilling
intercepted wider zones of thickening of alteration and mineralization including
8.88m at 1.27g/t Au and 8.7g/t Ag.


El Dorado:                   



----------------------------------------------------------------------------
                           From       To   Length       Au       Ag    AuEq 
HoleID                      (m)     (m)       (m)    (g/t)    (g/t)    (g/t)
----------------------------------------------------------------------------
SI-DDH12-116              24.79    26.10     1.31    21.30    22.80    21.70
  and                     61.68    62.82     1.14     3.60    61.70     4.68
  and                    147.92   149.35     1.43     2.31    13.40     2.55
SI-DDH12-120             353.41   355.75     2.34     2.23    64.40     3.36
  including              353.41   354.75     1.34     3.68   111.00     5.63
SI-DDH12-123             180.00   181.14     1.14     6.35    10.00     6.53
SI-DDH12-125             129.25   130.15     0.90     2.16     1.80     2.19
  and                    145.42   154.30     8.88     1.27     8.70     1.42
LP-DDH12-129             139.34   141.73     2.39     9.25    12.10     9.46
LP-DDH12-131             182.88   184.00     1.12     2.67     3.30     2.72
  and                    445.50   446.50     1.00     1.19     4.80     1.27
LP-DDH12-133              53.96    57.30     3.34     1.49    16.20     1.77
LP-DDH12-134               4.27     4.87     0.60     2.33     5.60     2.42
ED-DDH12-136             157.18   158.59     1.41     1.79     3.30     4.07
----------------------------------------------------------------------------



2013 Exploration Program:

A program of surface trenching was initiated on the extrapolated southern
extension of the El Dorado structure on the La Triada property. To date a total
of three trenches have been completed all of which intersected the El Dorado
structure on surface. The trench furthest to the south is approximately 600
meters from the El Dorado Mine portal. One additional trench is planned on El
Dorado before additional trenching is initiated on semi-parallel structures
located in the footwall of the El Dorado structure.


Vetas Gold Project - Sampling and QA/QC:

All the samples taken by CB Gold at its Vetas Gold Project were analyzed by ACME
Labs in Vancouver, Canada, and in Santiago, Chile. The Company has a standard
QA/QC program, which includes regular insertion of blank material, certified
reference material and duplicate samples. All reported gold values were
determined from coarse and fine (+/- 200 mesh) metallic screen fractions of a 1
kg sample, using 50 g fire assay charges from each fraction, followed by an AA
finish, or gravimetric finish for samples grading higher than 10 g/t Au. Silver
grades were determined by dissolution of a 30 g sample in aqua regia with an
ICP-MS finish. 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 Marius Mare, Vice President Exploration and a
Qualified Person as defined by National Instrument 43-101 - Standards of
Disclosure for Mineral Projects.


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 previously operating mines and exploration concessions.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CB Gold Inc.
Fabio Capponi
CEO
+1 (604) 630-5870
+1 (604) 630-5871 (FAX)


CB Gold Inc.
Orin Baranowsky
V.P. Investor Relations
+1 (416) 847-1845
info@cbgoldinc.com
www.cbgoldinc.com

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