Mr. Peter Clausi reports

CBLT ANNOUNCES GRANT OF OPTIONS

CBLT Inc. has closed the previously announced flow-through financing consisting of 500,000 units from treasury. Each unit consists of one common share, and one common share purchase warrant with a strike price of six cents and a term of two years. The price of each unit is five cents, for gross proceeds to CBLT of $25,000. The use of proceeds is to advance one or more of CBLT's mining exploration properties in Canada. No finders' fees were paid, and no insider participated on this transaction.

We seek Safe Harbor.