CBR Gold Corp. (TSX VENTURE:CBG)(FRANKFURT:C3M)("CBR" or the "Corporation")
today announced that it has closed a non-brokered private placement of 4,597,000
units of the Corporation (each a "Unit") at a price of $0.50 per Unit for gross
proceeds of $2,298,500. Each Unit consisted of one common share of CBR ("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 at any
time and from time to time until the earlier of: (a) 30 days following the
issuance by the Corporation of a news release that the closing price of the
Common Shares on the stock exchange which the Common Shares are listed and
posted for trading exceeded $1.00 for 10 consecutive trading days; and (b)
December 11, 2014.


The Units were sold to qualified purchasers in reliance upon exemptions from the
prospectus and registration requirements of applicable securities legislation.
In connection with the sale of an aggregate of 2,100,000 of the Units, CBR paid
aggregate finder's fees of $52,500. The Common Shares and Warrants comprising
the Units, and the Common Shares issuable on exercise of the Warrants are
subject to a restricted period expiring on April 12, 2010.


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
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