NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE SERVICES

Castle Resources Inc. (TSX VENTURE:CRI) ("Castle" or the "Corporation") is
pleased to announce a brokered private placement of Flow-Through Common Shares
(the "Shares") led by Scotia Capital Inc. (the "Agent"), in which the Agent will
raise up to $6.0 million on a reasonable commercial efforts basis (the
"Financing") at a price of $0.63 per Share. 


The net proceeds from the sale of the securities will be used for Canadian
Exploration Expenses ("CEE") on the Granduc Copper property located near
Stewart, British Columbia. 


Under the terms of the Financing, the Agent will receive a cash commission
representing 5% of the gross proceeds of the sale of the securities. 


About Castle Resources

Castle 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 advancing the Elmtree Gold
Project in New Brunswick toward feasibility in 2011. Castle currently has $6
million in its treasury and has issued and outstanding shares of 106 million.
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 forwardlooking information, whether as a result of new information,
future events or otherwise.
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