Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE:CAP),
announces the resignation of Darryl Cardey and Randy Smallwood from its Board of
Directors ("Board"). The Company also announces the appointment of Mr. Smallwood
to the Advisory Committee.


Mr. Cardey has been a valued member of the Board for the past 18 months, and the
Company would like to thank him for his commitment and wish him the best in his
future endeavours. Castle Peak would also like to thank Mr. Smallwood for his
service on the Board since the Company's incorporation, and looks forward to
continuing to work together on a consultative basis.


Mr. Smallwood reports, "I am pleased to remain involved in the development of
Castle Peak's Akorade project. It is one of the most prospective land packages
in Ghana's southern Ashanti belt, and I look forward to supporting the
management team as they advance towards discovery."


Castle Peak's Board of Directors is now comprised of Brian Lock (Chairman),
Peter Hawley, Darren Lindsay, Randal Gindi, Allan Green and Jurgen Eijgendaal.


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, putting Ghana as the second largest gold
producer in Africa with past production of greater than 150 million ounces. The
investment inflow for Ghana's mining sector was $2.5 billion from 2009 to 2011,
with increasing annual production reaching 3.6 million ounces in 2011 (source:
Ghana Business News, November 11, 2012).


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

Darren Lindsay, President and Chief Executive Officer

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, sampling and drilling at the Akorade Project and statements
concerning the anticipated results of that exploration, sampling and drilling.
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 Annual MD&A and 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Castle Peak Mining Ltd.
Darren Lindsay
President and Chief Executive Officer
604.681.1466
604.681.1404 (FAX)
info@castlepeakmining.com
www.castlepeakmining.com
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