CBG Chibougamau Independent Mines Inc

CBR Gold Corp. (TSX VENTURE:CBG)(FRANKFURT:C3M) (the "Corporation") is pleased
to announce it is offering a non-brokered private placement (the "Offering") of
up to 4,000,000 units (each a "Unit") at a price of $0.50 per Unit for gross
proceeds of $2,000,000 if fully subscribed. Each Unit will consist of one common
share of the Corporation ("Common Share") and one non-transferable share
purchase warrant ("Warrant") entitling the holder to acquire one additional
Common Share at a price of $0.65 per Common Share within 5 years from the date
of issuance.


The Units will be sold to qualified purchasers in reliance upon exemptions from
the prospectus and registration requirements of applicable securities
legislation. Insiders of the Corporation may participate in the Offering. If
permitted under applicable securities legislation, the Corporation will pay a
commission or finder's fee to registrants or arm's length third parties (each a
"Finder"), consisting of cash equal to 5% of the subscription proceeds received
from the sale of Units to purchasers referred to the Corporation by a Finder.


Completion of the Offering is subject to the approval of the TSX Venture
Exchange and other regulatory approvals. The Corporation intends to use the
proceeds from the Offering for general working capital purposes.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The offered securities
mentioned in this press release will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be
offered or sold within the United States or to, or for the account or benefit of
U.S. persons except in certain transactions exempt from the registration
requirements of the U.S. Securities Act.


About CBR Gold Corp.

CBR GOLD CORP. is a global exploration and development company creating
opportunity through project acceleration. We deliver value through innovative
thinking to identify and acquire underappreciated projects worldwide. Our
experience in the capital markets and technical expertise allow us to develop
early and advanced stage projects to the point of joint venture or production.
Our strategy is to partner with best in class companies to reduce our risk while
maximizing the potential for success.


The diverse CBR Gold Corp. portfolio currently includes two advanced stage
projects, Niblack (Alaska) and Committee Bay (Nunavut), multiple generative
projects, marketable securities holdings and drilling companies in Australia and
Canada.


CBR Gold Corp. is a member of the Discovery Group of companies, for more
information on the group visit www.discoveryexp.com.


On behalf of the Board

CBR Gold Corp.

John Williamson, P.Geol., President, CEO & Director

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

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