CB Gold Announces 80% Completion of the Gravity Pre-Concentration Amenability Testwork for Its Vetas Gold Project Ore Samples

VANCOUVER, BC--(Marketwired - December 16, 2014) - CB Gold Inc. (TSX VENTURE: CBJ) ("CB Gold" or the "Company") updates that its previously announced test-work to determine the amenability of the CB Gold Vetas ore samples to processing via gravity pre-concentration followed by intensive leaching is approximately 80% completed.

The cyclic (VSI) amenability test and the two stage continuous gravity recovery (CGR) test have been completed. The results of the communition test-work are positive and indicate the amenability to fine crushing via VSI. The Company is now waiting for the results of the downstream processes and expects to have a full report ready before the end of January.

The testwork is being undertaken by Gekko Systems Pty Ltd, Ballarat, Australia.

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 and exploration concessions.

For more information on CB Gold please visit our web site at www.cbgoldinc.com or contact the Company at +1 (604) 630-5870, or info@cbgoldinc.com.

Cautionary Note Regarding Forward-Looking Statements

Neither the 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 news release.

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.