CAP Castle Peak Mining Ltd

Castle Peak Mining Ltd. ("Castle Peak" or the "Company") (TSX VENTURE:CAP) is
pleased to provide the results from the definition drill program envisioned to
lead to a Preliminary Economic Assessment (PEA) and ultimately lead to a
potential bulk sample of a shallow portion of the Apankrah Deposit, southern
Ashanti Belt, Ghana.


Highlights of this announcement:



--  Drill intercepts of: 
    --  NKDD043: 1.0m of 89.00 g/t Au within structural corridor of 4.0m at
        22.87 g/t Au, 
    --  NKDD038: 2.0m of 23.20 g/t Au within structural corridor of 7.0m at
        7.05 g/t Au, 
    --  NKDD041: 1.8m of 16.37 g/t Au within structural corridor of 10.8m at
        4.48 g/t Au, 
    --  NKDD040: 2.0m of 14.08 g/t Au, and 
    --  NKDD034: 4.5m of 2.74 g/t Au within structural corridor of 13.8m at
        1.30 g/t Au. 
--  Program is completed with a 90% hit rate of target zone. 
--  Visible gold observed in seven holes. 



Apankrah Drill Program

The Company has completed a 1,084 metre, 10 hole drill program targeted at
refining the upper 100m of the existing inferred mineral resource reported at
the Apankrah Deposit. Results are tabulated below (Table 1) for all drill holes
with drill hole descriptions to be made available on the Company's website
(http://www.castlepeakmining.com/s/Apankrah.asp). The more tightly spaced
drilling is providing improved geological, alteration and gold zone
interpretations expected to lead to a more refined estimation model at shallow
levels of the deposit (Figure 1). The expected outcome of this effort is to be
able to upgrade the confidence of the resource estimation at shallow levels, use
the resource estimation as the basis for a Preliminary Economic Assessment
(PEA), and undertake a conceptual review for the potential to utilise open pit
mining methodologies at Apankrah for collecting a bulk sample. 


Darren Lindsay, President and CEO of Castle Peak, commented: "The definition
drill results are as expected with visible gold in the more robust structure
delivering higher grades at shallow elevations. What we are seeing is a
predictable, coherent structural corridor hosting a number of narrower gold
bearing structures within it. We are on track to better defining our shallow
high grade resource which in turn supports our conceptual plan for bulk
sampling." 


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 drill program was supervised by Clive Arthur, Castle Peak's former
Vice President Exploration. The Akorade Project represents early stage
exploration properties which include a mineral resource on the Apankrah Deposit
with an effective date of June 1, 2013, as described in the "NI 43-101 Technical
Report on The Apankrah Project, Western Region, Ghana", dated June 1, 2013,
authored by Andrew Netherwood (AusIMM), Joe Amanor (AusIMM), Simon Meadows Smith
(IOM3) and John Coates as fulltime employees of SEMS, all of whom act as
independent consultants to the Company. Mr Netherwood prepared the mineral
resource estimate and is an independent Qualified Person as defined by NI
43-101. A copy of the report is filed under the Company's profile on SEDAR at
www.sedar.com and the Castle Peak website.


About Castle Peak

Castle Peak Mining Ltd. is a Canadian-based mineral exploration company focused
on advancing greenfields and early stage gold projects. The Company holds a
large, 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 since 1983 has been about $12.5
billion, with production the highest in the history of the country at 4.2
million ounces in 2012 (source: Ghana Business News, April 8, 2013). 


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 future
exploration and development at the Akorade Project, the preparation and
publication of a revised resource estimate and PEA on the Apankrah Deposit, as
well as the potential results of additional exploration on the Company's Akorade
Project. 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 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. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


To view Figure 1 and Table 1, please visit the following link:
http://media3.marketwire.com/docs/925618i.pdf 


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

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