An anonymous director reports

CB GOLD NOTES UNSOLICITED OFFER AND RECOMMENDS NO ACTION AT THIS TIME

CB Gold Inc. notes the unsolicited offer from Red Eagle Mining Corp. to CB Gold shareholders dated June 29, 2015. The all-share offer is on the basis of 0.162 Red Eagle share for each common share of CB Gold and includes a significant breadth of conditions, including the termination of the company's previously announced $3.5-million equity financing, a 51-per-cent minimum tender condition and the non-application of the company's shareholder-approved shareholder rights plan.

CB Gold's board of directors will fully consider the offer and make a recommendation in due course. In the meantime, CB Gold recommends all shareholders refrain from making any decision and take no action at this time until they have been advised of the board's recommendation.

We seek Safe Harbor.