CBG Chibougamau Independent Mines Inc

Chibougamau Independent Mines Inc. ("Chibougamau") (TSX VENTURE:CBG)(STUT:CLL)
is pleased to provide shareholders with a short update as to ongoing field work
undertaken on our wholly owned properties in the Chibougamau Mining Camp of
Quebec.


A grid has been established over the heart of the Berrigan Zn, Au, Ag property
as a control for exploration mapping activities and up-coming diamond drilling.
Last winter's diamond drill results have been integrated with known historical
results and a priority down-plunge target has been identified for further
investigation.


Line cutting is currently also being carried out north of Lac Elaine (west of
Berrigan) and on the Kokko Creek - Virginia Option properties, as a prelude to
combined induced polarization (IP) and resistivity surveys.


Prospecting and limited quartz vein sampling has been completed on the Berrigan
South claim block in order to assess several historical gold showings. Assay
results are pending. Prospecting is slated to be undertaken on our northern
Grandroy claims in an area of reported historical mineralization.


The Corporation expects to mobilize a drill rig this month to begin
investigating and expanding several known polymetallic zones, including the No.
3 Zone on the Bateman Bay property and the Magnetite Bay iron-vanadium-titanium
deposit and the close by Sulphur Converting sulphide horizon. 


Extensive compilation work has been completed on a number of prospective areas
in order to develop an understanding of local geology and structure. Priority
drill targets have been outlined.


On August 9, 2013, the Board of Directors granted 600,000 common share stock
options to our three independent directors, 100,000 to an officer of the
Corporation and 25,000 to an employee. The options were issued at an exercise
price of $0.10 per share, vest immediately and will expire on August 8, 2018.  


These options are subject to the terms and conditions of the Corporation's 2012
Stock Option Plan. The grants increase Chibougamau's outstanding options to
1,862,900


32,477,248 shares issued and outstanding

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of the release.


Jack Stoch, P.Geo. President and CEO of Chibougamau Independent Mines Inc. has
written this press release in his capacity as Qualified Person.




We Seek Safe Harbour.                         CUSIP Number 167101 10 4



Forward Looking Statements 

Except for historical information this News Release may contain certain "forward
looking statements". These statements may involve a number of known and unknown
risks and uncertainties and other factors that may cause the actual results,
level of activity and performance to be materially different from the Companies
expectations and projections. A more detailed discussion of the risks is
available under "disclaimer" on the Company's website.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jack Stoch, P.Geo., Acc.Dir.
President & CEO
Chibougamau Independent Mines Inc.
819.797.5242
819.797.1470 (FAX)
info@chibougamaumines.com
www.chibougamaumines.com

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