Mr. Felipe Ferraro reports

BATERO DISPOSES OF ITS SHAREHOLDINGS IN CB GOLD INC.

Batero Gold Corp. has entered into a binding agreement with Red Eagle Mining Corp., an arm's-length party, pursuant to which the company will sell to Red Eagle all of its shareholdings of CB Gold Inc., with its head office at Suite 2348, 666 Burrard St., Vancouver, B.C., V6C 2X8, being 83,020,237 common shares of CB Gold, or approximately 23 per cent of the current issued and outstanding common shares of CB Gold, at a deemed price of 8.5 cents per CB share. As consideration for the CB shares, Red Eagle will issue to Batero 7,428,126 common shares of Red Eagle.

The settlement of the transaction is anticipated to occur on Nov. 2, 2016.

We seek Safe Harbor.