CB GOLD INC. RECEIVES REGISTRATION OF THE CONCESSION CONTRACTS FOR ITS 100% OWNED LA PETER, SANTA ISABEL AND LOS DELIRIOS PROPERTIES IN VETAS

Vancouver, British Columbia: July 2, 2015 - CB Gold Inc. (TSX-V: CBJ) ("CB Gold" or the "Company") is pleased to announce that its 100% owned La Peter, Santa Isabel and Los Delirios are now fully registered before the Colombian National Registry closing a process that lasted over four years. As announced in a press release dated June 25, 2015 the mining licences have been converted into concession contracts (the "Concession Contracts"), with an average

20 year duration (extendable for an additional 30 years), securing the long-term development potential of the properties. The process of transforming the licences into Concession Contracts is called Change of Modality ("Change of Modality"). La Peter, Santa Isabel and Los Delirios form part of the Vetas Gold Project.

As previously stated the Company now has a total of seven Concession Contracts forming the Vetas Gold Project and expects the signature on the remaining two contracts to successfully complete the process of Change of Modality within the next short period of time.

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 [email protected].

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.

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this news release includes forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the terms and completion of the proposed sale transaction are forward- looking statements. By their nature, forward-looking statements involve known and unknown risks,

Corporate Office: 2 - 15621 Marine Drive, White Rock , BC V4B 1E1 Tel: 1-604-630-5870 www.cbgoldinc.com Page 1

uncertainties and other factors which may cause the actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: failure to satisfy all conditions precedent to the transaction, including disinterested shareholder approval and stock exchange regulatory approval, and the additional risks identified in the management discussion and analysis section of the Company's interim and most recent annual financial statement or other reports and filings with Canadian securities regulators. Forward- looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the respective companies undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

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Corporate Office: 2 - 15621 Marine Drive, White Rock , BC V4B 1E1 Tel: 1-604-630-5870 www.cbgoldinc.com Page 2