CBG Chibougamau Independent Mines Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


CBR Gold Corp. (TSX VENTURE:CBG)(FRANKFURT:C3M) ("CBG") is pleased to announce
that the Plan of Arrangement approved by the Court of Queen's Bench of Alberta
on March 25, 2010 and by shareholders of CBG ("Shareholders") at a special
meeting on March 24, 2010 has become effective.


Prior to the Arrangement, CBG transferred its Canadian and Australian mineral
properties and related assets and approximately $5.3 million in working capital
and marketable securities to North Country Gold Corp. ("North Country") in
exchange for a right (the "Right") to receive 35,976,521 common shares of North
Country ("NCG Shares"). Pursuant to the Arrangement, the aggregate capital of
the common shares of CBG ("CBG Shares") was reduced by the sum of $8,994,130.25
($0.25 per CBG Share), an amount equal to the fair market value of the Right and
the Right was distributed to the Shareholders in satisfaction of the reduction
and return of capital of the CBG Shares, such that each Shareholder received an
undivided interest in the Right in proportion to his or her ownership in CBG.
The Right was automatically exchanged by the Shareholders for the NCG Shares and
cancelled. Each Shareholder received one NCG Share for each CBG Share owned by
such Shareholder.


Pursuant to the Arrangement, CBG also changed its name to "Niblack Mineral
Development Inc.". Following completion of the Arrangement, Mr. Craig Bentham
and Mr. Charles Chebry resigned from the Board of Directors of CBG and were
appointed to the Board of Directors of North Country. Mr. Dean Besserer and Mr.
James Paterson were appointed to the Board of CBG to fill the vacancies left by
the resignations.


The CBG Shares will continue to trade on the TSX Venture Exchange under the new
stock symbol "NIB". The NCG Shares are expected to be listed and posted for
trading on the TSX Venture Exchange commencing April 15, 2010 under the stock
symbol "NCG".


North Country Gold Corp. is a member of the Discovery Group of Companies.

For further information about Niblack Mineral Development Inc., North Country
Gold Corp. or this news release, please contact: John Williamson, Chief
Executive Officer at (780) 437-6624.

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