CBG Chibougamau Independent Mines Inc

Chibougamau Independent Mines Inc.("Chibougamau Mines") (TSX
VENTURE:CBG)(STUT:CLL) wishes to update shareholders about the status of work on
our Chibougamau area properties.


Chibougamau Mines has completed a three dimensioned digital compilation of the
Grandroy copper gold mine property incorporating historical drill data and
recorded infrastructure (pit and ramp) in order to better understand the ore
body's structure and depth potential. Geophysical surveys were completed over
certain areas deemed to be "on strike" of the mineralized body and additional
claims were acquired.


On September 9th and 18th as well as October 3rd, 2013, we reported wide widths
of copper silver mineralization in a series of drill holes on our Jaculet #3
area claims. The new drill data as well as historical drill data were compiled
and built into sections which allowed us to interpret the potential up dip
projection of the zone. A shallow penetration electromagnetic survey using a
"beep mat" was completed, which indicated a conductive body in the area of the
up dip projection of the copper silver zone intersected in the drilling. A
permit has been issued and we intend to trench the area of the geophysical
anomaly which has a shallow overburden cover. 


On the Berrigan property, which has extensive areas of zinc, gold and silver
mineralization indicated in diamond drilling and underground sampling in a ramp,
as reported to shareholders in a press release dated February 4th, 2013 and in a
NI 43-101 Technical Review posted on our website, we have compiled the
historical drilling and our recent drilling in order to better understand the
structural controls of the mineralization and have produced a series of new
sections and plans. In addition, we have undertaken induced polarization and
magnetic surveys on our Lac Elaine property to the west. The Lac Elaine property
covers several kilometers of the same rock units as contains the Berrigan zinc,
gold and silver mineralization but masked by a late sedimentary rock unit. Our
surveys were able to see through the late sedimentary rock cover and indicated
several strong geophysical anomalies.


Geophysics and rock sampling were undertaken on areas of our Kokko Creek
property. Areas of anomalous copper mineralization will be followed up upon.


Further study of the Mont Sorcier iron, titanium, vanadium deposit (see press
release dated December 2, 2013) were undertaken including an analysis of all
historical drill data, surface sampling and metallurgical test work. A program
has been developed to upgrade the significant historical resource.


A number of deep and shallow penetration induced polarization surveys and
magnetometer surveys were undertaken over areas of know copper and copper gold
mineralization in Lake Chibougamau. The results showed that the areas of
mineralization intersected in historical drilling were detected and indicated
the potential strike and dip extensions of the mineralization. A series of drill
targets have been prioritized for follow up drilling.


Two stock options totalling 425,000 shares, with 400,000 to a director and
senior project manager and 25,000 to a support person which had lapsed, have
been reissued at the current market price of $0.06 per share. The options expire
in five years. Senior officers continue to take no salary in light of the
current market conditions. 


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. wrote
this press release.  Ray Zalnieriunas, P. Geo., in the capacity as Qualified
Person has reviewed and approved the content of this press release. 




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.


32,477,248 shares issued and outstanding

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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