Castle Peak Mining Ltd. ("Castle Peak" or "the Company") (TSX VENTURE:CAP), is
pleased to announce it has commenced a 3,425 kilometre airborne survey program
(VTEM, magnetics, radiometrics) over the Company's entire land package in the
southern Ashanti belt in Ghana. The survey kicks off the $4 million exploration
program announced on March 21, 2011, which will include a 15,000 metre ('m')
Phase I drill program. The aggressive exploration program will also include the
continued consolidation of the overall land package and the refinement of soil
anomalies, through the collection of 10,000 auger and trench samples, into drill
ready targets on the Ayiem, POW and Kedadwen properties. 


Castle Peak's strategic land holdings in the southern Ashanti belt are host to
gold in soil anomalies that range in strike from 200m to over 5,000m and range
in width from 100m to 500m. These anomalies are defined by gold ('Au') values in
excess of 50 parts per billion ('ppb') but values contained within the trends
vary from less than 20ppb to greater than 8000ppb Au. The airborne survey
currently underway has been contracted to Geotech Airborne Ltd., and will assist
in defining the structural framework hosting the numerous auriferous trends
identified in the soil surveys. The initial field crews are now in place
undertaking auger drilling on high priority soil anomalies in order to refine
drill targets. 


In addition, a final 43-101 technical report on the POW property prepared by
SEMS Exploration has validated previous trench sample results from two trenches
that were resampled. Previous sampling of DT5 crossing a silicified zone at a
contact of metavolcanic rocks and granitoid rocks returned 18m of 0.99 g/t Au; a
14m subsection of this contact zone was resampled by SEMS with the resampling
returning 14m of 0.97 g/t Au (previous sampling of the same interval returned
14m of 0.92 g/t Au). A resampled silicified section of trench DT8 returned
eleven samples averaging 0.88 g/t Au (ranging from 0.07 to 1.51 g/t Au) which
compared favourably to the previous sampling of the same section of eleven
samples averaging 0.97 g/t Au (ranging from 0.09 to 1.85 g/t Au). The full
report is available at
http://www.castlepeakmining.com/s/Windsor.asp?ReportID=430050.


"Our goal is to ultimately define near-surface gold resources across our land
holdings," stated Darren Lindsay, Castle Peak's President and CEO. "Through
geological compilation and systematic exploration, regional gold anomalies will
be refined to the target evaluation stage; once prioritized they will be
aggressively tested in order to rapidly evaluate resource potential."


Qualified Person

Castle Peak's technical disclosure in this news release has been reviewed and
approved by Darren Lindsay, P.Geo., Castle Peak's President and CEO, who serves
as a Qualified Person under the definition of National Instrument 43-101. The
SEMS Exploration POW 43-101 technical report was completed by Simon Meadows
Smith, an independent Qualified Person as defined by National Instrument 43-101.
Quality assurance and quality control procedures currently being established
include the systematic insertion of blanks, standards and duplicates into the
sample stream either in the field or at the Lab; samples are placed in sealed
bags and are delivered to Intertek Mineral Services (previously Transworld)
Laboratories in Tarkwa, Ghana. The Castle Peak projects are early stage
exploration properties and do not contain any mineral resources as defined by
National Instrument 43-101. 


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   

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements. Such forward-looking
statements 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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