Castle Resources Announces Grant of Options
January 21 2011 - 4:00PM
Marketwired
Castle Resources Inc. ("Castle" or the "Company") (TSX VENTURE:
CRI) announced today that pursuant to the policies of the TSX
Venture Exchange ("TSX-V"), the Company has granted 860,000
incentive stock options (the "Options") to an officer of the
Company to acquire up to an aggregate of 860,000 common shares of
Castle under its stock option plan, expiring on January 21, 2016.
All Options are exercisable at $0.60 per share, being the closing
price of Castle's common shares on the TSX-V on January 20, 2011,
being the date immediately preceding the grant.
About Castle Resources
Castle Resources Inc. is a Toronto-based junior mineral
development company focusing on high-quality, advanced projects.
Management's goal is to continue the redevelopment of the 100%
owned past producing Granduc Copper Mine and begin new exploration
activities; as well, management is quickly advancing the Elmtree
Gold Project in New Brunswick toward feasibility in 2011. For more
information please visit the Castle Resources' website at
www.castleresources.com.
Disclaimer
Certain statements contained in this news release may contain
forward-looking information within the meaning of Canadian
securities laws. Such forward-looking information is identified by
words such as "estimates", "intends", "expects", "believes", "may",
"will" and include, without limitation, statements regarding the
company's plan of business operations (including plans for
progressing assets), estimates regarding mineral resources,
projections regarding mineralization and projected expenditures.
There can be no assurance that such statements will prove to be
accurate; actual results and future events could differ materially
from such statements. Factors that could cause actual results to
differ materially include, among others, metal prices, risks
inherent in the mining industry, financing risks, labour risks,
uncertainty of mineral resource estimates, equipment and supply
risks, title disputes, regulatory risks and environmental concerns.
Most of these factors are outside the control of the company.
Investors are cautioned not to put undue reliance on
forward-looking information. Except as otherwise required by
applicable securities statutes or regulation, the company expressly
disclaims any intent or obligation to update publicly
forward-looking information, whether as a result of new
information, future events or otherwise.
Neither the 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.
Contacts: Castle Resources Inc. Mike Sylvestre President &
COO 416-364-2266 mike@castleresources.com Castle Resources Inc.
Lenny Foreht VP Corporate Development 416-364-2266
lforeht@linearcapital.com
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