Castle Peak Mining Ltd. (TSX VENTURE:CAP) ("Castle Peak" or "the Company") is
pleased to appoint Darren Lindsay as President and Chief Executive Officer of
Castle Peak. The announcement follows the resignation of former Chief Executive
Officer Brian Lock, who will remain as Chairman on the Board of Directors.


Mr. Lindsay is a professional geoscientist with 15 years experience in
exploration geology for precious and base metals in North and South America. Mr.
Lindsay played a key role on the team involved with the expansion and
feasibility level studies of the multi-million ounce Madrid and Doris gold
deposits in Hope Bay, Nunavut, with Miramar Mining Corporation and later Newmont
Mining Corporation. He has also worked with other junior and senior companies,
including BHP Minerals Canada Ltd, Inmet Mining Corporation, and Kodiak
Exploration Limited.


The Company also announces the Board approval of a $4 million Phase I
exploration budget. Castle Peak plans to immediately undertake an airborne
geophysical survey (VTEM, Magnetics and radiometrics) to complement the existing
comprehensive geochemical database. Target evaluation will include the
prioritization of drill targets on the Ayiem and POW properties with the
intention of commencing a 15,000 metre drill program by the end of the second
quarter.


About Castle Peak

Castle Peak Mining Ltd. is a Canadian-based exploration and development company
focused on advancing greenfields and early stage gold projects. The Company
holds a strategic land package in the Ashanti belt adjacent to several producing
gold mines in Ghana, West Africa. The Ashanti belt is known as one of the most
prolific gold belts in the world with over 150 million proven ounces uncovered
and current investment in excess of $2.5 B USD. Castle Peak is now working to
commence an aggressive exploration program on identified gold targets.


On behalf of the Board of Castle Peak Mining Ltd.:

Darren Lindsay, President & CEO

For additional information please visit www.castlepeakmining.com.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements which are subject to known
and unknown risks, uncertainties and assumptions that could cause actual results
to vary materially from targeted results the results or events predicted in
these forward-looking statements. As a result, investors are cautioned not to
place undue reliance on these forward-looking statements. The forward-looking
statements contained in this news release are made as of the date of this
release. Except as required by applicable law, Castle Peak disclaims any
intention and assumes no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.
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