News & Press Releases

Toronto Ontario August 25 2015

Batero Gold Corp. ("Batero") (TSX-V: BAT) reaffirms the superiority of its offer (the "Batero Offer") to acquire all of the issued and outstanding common shares (the "CBJ Shares") of CB Gold Inc. ("CB Gold"). Batero encourages shareholders of CB Gold (the "CBJ Shareholders") to deposit their CBJ Shares to the superior Batero Offer and to withdraw any CBJ Shares they may have deposited to the hostile inferior offer (the "Red Eagle Offer") made by Red Eagle Mining Corporation ("Red Eagle") as soon as possible and prior to August 31 2015 the expiry date of the Red Eagle Offer.

Red Eagle is a frustrated bidder whose hostile take-over for CBJ Shares is failing. Since the Batero bid was announced Red Eagle has made similar claims to those in yesterday's press release to the British Columbia Securities Commission (the "BCSC"). As of today the BCSC has not made any requests for information or required any response from Batero in respect of Red Eagle's allegations. Red Eagle's decision to issue a press release implying violations of securities laws by Batero is a last minute effort to mislead and confuse CBJ Shareholders. Batero reaffirms that its public record is clear and believes that CBJ Shareholders have all the information they require in order to make an informed decision.

CB Gold's board of directors unanimously recommends that CBJ Shareholders TENDER IN FAVOUR of the Batero Offer and REJECT the hostile offer from Red Eagle. The superior Batero Offer provides the following benefits to CBJ Shareholders:

The wide range of discretionary conditions included in the Red Eagle Offer could permit Red Eagle to walk away without providing CBJ Shareholders with any value at all. Only the Batero Offer provides significant immediate and certain benefits to CBJ Shareholders with a cash and share offer that will retain shareholders' ability to benefit from the potential of CB Gold's assets.