Mr. Patrick Balit of Red Eagle reports

RED EAGLE MINING PURCHASES CB GOLD SHARES IN THE MARKET

Red Eagle Mining Corp. has purchased a further 469,000 common shares of CB Gold Inc. on certain public markets, including the TSX Venture Exchange.

Red Eagle Mining has previously disclosed in its takeover bid circular in respect of its offer to acquire all of the issued and outstanding shares of CB Gold that it may purchase shares in the open market during the period of the offer. Today's highest price paid for the shares was five cents. An aggregate of 943,000 shares have been purchased in the open market since the commencement of Red Eagle Mining's offer on June 30, 2015, for an average price of 4.9 cents. After today's purchase, Red Eagle Mining owns a total of 943,000 shares of CB Gold.

We seek Safe Harbor.