Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE:CAP), is
pleased to report results for the first diamond drill hole completed on the
Nkwanta concession at the Company's Akorade project in the southern Ashanti belt
in Ghana, West Africa. This first drill hole represents the initial stages in
the systematic evaluation of high priority targets within the Company's
strategic land position hosting kilometer scale, untested soil and auger
anomalies. The Phase I drill campaign started in late April, with a total of
nine holes completed to date and more assays still pending.


The 2011 Phase I exploration program is two-fold: i) evaluate high priority
drill targets to advance to a Phase II definition stage, and ii) continue to
generate high quality targets to fill the exploration pipeline. Currently a
single core drill is undertaking a 7,500m Phase I drill program on initial drill
ready targets on Nkwanta, Asuogya-Ayiem, and POW.


Apankrah Target

A total of six core holes have been completed for a total of 653 metres ('m')
evaluating approximately 150m of strike on 50m fences in an area of abundant
historical artisanal workings. This target is adjacent to a 2,000m x 400m soil
anomaly defined by gold values greater than 30 parts per billion ('ppb') (see
plan map Figure 1). Highlights of results from drill hole NKDD010 are displayed
in the following table with all intersections occurring within a core length of
71.5m exhibiting gold values greater than or equal to 30ppb (see Apankrah cross
section Figure 2). Please refer to the Projects section at
www.castlepeakmining.com to view complete table of drill results.


To view figure 1 and 2, please visit the following link:
http://media3.marketwire.com/docs/cap0606i.pdf. 




Hole ID               From (m)         To (m)     Length (m)  Au Grade (g/t)
----------------------------------------------------------------------------
NKDD010                 58.50          66.00           7.50            7.23 
----------------------------------------------------------------------------
includes                58.50          60.70           2.20           24.22 
----------------------------------------------------------------------------
                        76.00          82.00           6.00            0.61 
----------------------------------------------------------------------------
includes                76.00          77.00           1.00            1.92 
----------------------------------------------------------------------------



New Drill Rig

Castle Peak has reached an agreement with Drill Lease Ltd. ("Drill Lease"), a
company related to Reflex Drilling Ltd., the Company's current drill contractor,
to secure the future availability of a new multipurpose drill rig (the "Rig")
for delivery in the fourth quarter of 2011, and decrease sample costs per meter
while increasing sample production. Castle Peak has agreed to lend Drill Lease
EUR492,000 (C$701,985) for the purpose of purchasing the Rig. The amount of the
loan represents 75% of the purchase price of the Rig. The remaining 25% will be
paid by Drill Lease. Castle Peak and Reflex Drilling Ltd. are in the process of
negotiating a drilling services agreement in connection with the provision and
use of the Rig. The loan will be secured by a security interest in the purchase
agreement and the Rig. The loan will be repayable 12 months after delivery of
the Rig by way of providing reduced drill rates and credits to contract drill
costs on a monthly basis. Castle Peak retains the right to extend the services
agreement for up to 36 months.


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 in National Instrument 43-101 ('NI
43-101'). Mr. Joe Amanor and Mr. John Coates of SEMS Exploration Services Ltd.
in Accra, Ghana have reviewed and approved the technical information in this
news release and serve as Qualified Persons for the Castle Peak exploration
program. The quality assurance and quality control procedures are being
established by Mr. Coates of SEMS Exploration Services. The procedures 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 Akorade project is an early stage exploration project and
does not contain any mineral resources as defined by NI 43- 101. Further
information is available in the NI 43-101 compliant technical report dated
February 14, 2011 and entitled "NI 43-101 Technical Evaluation Report on Nkwanta
& Ayiem Concessions, Wassa- West District, Republic of Ghana, West Africa", a
copy of which is filed under the Company's profile on SEDAR at www.sedar.com.


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 executing an
aggressive Phase I exploration program on identified gold targets.


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

Darren Lindsay, President and Chief Executive Officer

For additional information please visit www.castlepeakmining.com.

FORWARD-LOOKING STATEMENTS

Except for statements of historical fact, this news release contains certain
'forward-looking information' and 'forward-looking statements' within the
meaning of applicable securities laws. Such forward-looking statements are based
on the opinions and estimates of management at the date the statements are made,
and are subject to known and unknown risks, uncertainties and assumptions that
could cause actual results to vary materially from the anticipated results or
events predicted in these forward-looking statements, including, among others,
pending results from additional sampling, future exploration and sampling
programs, and anticipated delivery of the Rig and the successul repayment of the
loan after delivery of the Rig, as well as those risk factors identified in the
Company's Filing Statement filed under the Company's SEDAR profile. As a result,
readers 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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