CBR Cabral Gold Inc

Committee Bay Resources Ltd. (TSX VENTURE:CBR)(FRANKFURT:C3M) ("Committee Bay")
and Indicator Minerals Inc. ("Indicator Minerals") announced today that
kimberlite boulders have been discovered while prospecting near geophysical
targets on the Borden Project in Nunavut, Canada.


"Committee Bay has a number of generative projects located in Canada, Western
Australia and Argentina such as the Borden Project," commented John Robins,
Chairman of Committee Bay Resources. "The discovery of kimberlite shows
particular promise for this project's diamond exploration potential."


The kimberlite boulders were discovered while prospecting a geophysical target
identified in data collected during this year's airborne magnetic survey.
Kimberlite indicator minerals, including pyrope garnet, have been visually
identified in the float. Samples of the kimberlite boulders have been collected
for analysis.


More than 2,400 line-km of airborne magnetic data were collected in August and
numerous high quality anomalies have been recognised in the preliminary data.
Geophysical, geochemical and geological data collected this year is being
interpreted in order to establish a list of priority targets to be drill-tested
in 2009.


About the Borden Project

The Borden Property is located on western Baffin Island on the Borden Peninsula,
approximately 90km southeast of the community of Arctic Bay in the Nunavut
Territory. Committee Bay currently has a 49% interest in the diamond rights of
the Borden Project and has 10% carried interest to production. Indicator
Minerals has a 51% interest in the diamond rights to the Borden Project and can
earn an additional 19% interest from Committee Bay by spending $6.00 per acre on
mineral claims in the first two years. Further information about Borden can be
viewed in the project section of Indicator's website: www.indicatorminerals.com.


About Committee Bay Resources Ltd.

Committee Bay Resources Ltd. is a well-funded Canadian based exploration
company. The company has a diverse portfolio of exploration projects in Canada,
Australia and South America, including the Committee Bay Greenstone Belt Project
in Nunavut, Canada which hosts the high grade Three Bluffs gold deposit. In May,
2008 the company announced a proposed merger with Niblack Mining Corp. (See CBR
press release dated May 22, 2008). Committee Bay conducts year round exploration
and development to advance its projects and will continue to monitor the market
for undervalued acquisition opportunities. Committee Bay is a member of the
Discovery Group of companies, for more information on the group visit
www.discoveryexp.com.


On behalf of the Board

Committee Bay Resources Ltd.

John Williamson, P.Geo., Chairman and Director

Certain disclosures in this release, including management's assessment of
Committee Bay's plans and projects, constitute forward-looking statements that
are subject to numerous risks, uncertainties and other factors relating to
Committee Bay'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. Committee Bay 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.

Grafico Azioni Cabral Gold (TSXV:CBR)
Storico
Da Mag 2024 a Giu 2024

Grafico Azioni Cabral Gold (TSXV:CBR)
Storico
Da Giu 2023 a Giu 2024