Castle Peak Mining Ltd. (TSX VENTURE:CAP) ("Castle Peak" or the "Company")
reports further assay results which indicate a broad anomalous gold halo
encompassing higher grade gold structures. An additional 36 metres of sampling
was completed on drill hole NKDDH016 on the Apankrah target. The previously
mineralized interval was expanded from 16 metres ("m") of 3.3 grams per tonne
("g/t") gold ("Au") to 20m of 3.1 g/t Au. This high grade target is now
contained within a 52m intercept of 1.2 g/t Au. The anomalous zone is defined by
grades above background (0.03 g/t Au) and may include small sub zones grading
less than background grade of up to 7m. Drill hole, NKDDH016, is a 100m step
out, and down plunge of the previous announced drill hole, NKDDH010, which
returned 7.5m of 7.2 g/t Au at approximately 50m depth at the Apankrah target.


Work currently being undertaken on the Nkwanta concession includes mapping and
prospecting for additional structures that have the potential to host high grade
veins and shoots similar to the Apankrah Target. Initial sampling from artisanal
miners' workings at the ENE end of the Nana Target has returned a sample value
of 6 g/t Au from a quartz vein exposure. Additional grab samples from tailings
piles of artisanal workers have returned values from detection limit (0.010 g/t
Au) to 6.6 g/t Au.


President and CEO, Darren Lindsay, reports, "The successful 100m down plunge
step out and the wide anomalous corridor hosting the high grade shoot
demonstrates the abundant potential of the Apankrah target at the Akorade
Project."




Table of Significant Results

----------------------------------------------------------------------------
                            From      To    Length      Au
HoleID         Target         (m)     (m)       (m)   (g/t) Notes           
----------------------------------------------------------------------------
NKDDH016       Apankrah    107.0   159.0      52.0    1.26                 
----------------------------------------------------------------------------
includes                   139.0   159.0      20.0    3.13                 
----------------------------------------------------------------------------
includes                   149.0   153.0       4.0    12.5                 
----------------------------------------------------------------------------
which includes             150.2   153.0       2.8    17.4  High grade shoot
----------------------------------------------------------------------------
i.    Lengths are core lengths; estimated true widths range from 75% to 90%.
ii.   Composites are length weighted averages with a cut off of 0.1 g/t Au
      and inclusive of up to 3m of assays below the cut off value. 
iii.  Lengths considered as anomalous haloes around structures are length
      weighted composites with a cut off of 0.03 g/t Au. 



Technical Disclosure

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"). The procedures include the systematic insertion of blanks, standards
and duplicates into the sample stream both in the field and at the lab; samples
are placed in sealed bags and are delivered to SGS Laboratory Services GH Ltd.
in Tarkwa, Ghana, for routine gold analysis by 50g charge fire assay with atomic
absorption finish. The Akorade project is an early stage exploration project and
does not contain any mineral resources as defined by NI 43-101. The potential
quantities and grades disclosed herein are conceptual in nature and there has
been insufficient exploration to define a mineral resource for the targets
disclosed herein. It is uncertain if further exploration will result in these
targets being delineated as a mineral resource. 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" authored by Daniel
Gaudreault, P.Eng., and Alain-Jean Beauregard, P.Geol., of Geologica
Groupe-Conseil Inc., and in the NI 43-101 compliant technical report dated
January 2, 2012 and entitled "NI 43-101 Technical Report on the Asuogya License,
Ghana" authored by Gareth O'Donovan, Corporate Exploration Consultant, of SRK
Exploration Services Ltd., copies of which are 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.


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 including statements regarding proposed
exploration and drilling programs and potential resource estimation. 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 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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