Castle Resources Inc. (TSX VENTURE:CRI) ("Castle" or the "Company") is pleased
to announce that it has earned its 60% interest in the property more commonly
known as the Elmtree gold property located in New Brunswick (the "Elmtree Gold
Project") and has also entered into a letter of intent to sell this interest to
CNRP Mining Inc. in consideration for: (i) payment of $500,000 in cash over a 12
month period, (ii) the issuance of approximately 33% of a new junior resource
company (see below), and (iii) the granting of a 3% NSR interest of the Elmtree
Deposit. 


"This transaction not only monetizes Castle's 60% interest in Elmtree, but
positions our shareholders to receive future development and exploration upside
at Elmtree," stated Mr. Mike Sylvestre, President & CEO of Castle Resources.
"Given Castle's 100% focus on the exploration and development of the Granduc
Copper Project in Northwest B.C., we are pleased with CNRP's strategy to further
explore and optimize the economics of the Elmtree deposit."


The Letter of Intent (the "Letter of Intent") defines the essential terms under
which the parties would enter into a definitive binding agreement (the
"Definitive Agreement") whereby CNRP Mining Inc. ("CNRP") would acquire from
Castle: (i) Castle's 60% interest in the Elmtree Gold Project, and (ii) all
rights, title and interest to that certain option agreement (the "Option
Agreement") executed between Castle and Stratabound Minerals Corp.
("Stratabound") whereby Castle can acquire from Stratabound a further 10%
interest in the Elmtree Gold Project all in accordance with and on the terms set
out in the Option Agreement. 


Simultaneous with the transactions contemplated by the Definitive Agreement and
as set out in the Letter of Intent, CNRP has agreed to be acquired by Gorilla
Resources Corp., a public company listed on the Canadian National Stock Exchange
("Gorilla"), in a reverse take over ("RTO"), through the issuance by Gorilla of
38,800,000 common shares of Gorilla. At closing of the RTO, the CNRP shares that
Castle will receive, will result in Castle holding 18,000,000 shares of Gorilla
valued at $4.5 million representing 33.43% of the share capital of Gorilla
following completion of the RTO closing. Please see press release of Gorilla of
today's date for more information on the RTO transaction. The shares issuable to
Castle will be subject to a lock-up in favour of Danny Wettreich, President and
CEO of CNRP, for a period of 24 months following closing unless Castle
distributes such shares to its shareholders in which case the lock-up will no
longer apply. Under the terms of the Letter of Intent, Castle is also provided
with the ability to nominate one director to the board of the newly formed
company public junior resource company.


Castle's obligations under the Letter of Intent are subject to, among other
things, completion by Castle of satisfactory due diligence on CNRP and the
properties which it holds or which it will hold upon completion of the RTO, all
required third party consents and receipt of all required regulatory approvals. 


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 in Stewart
B.C. 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.


This news release does not constitute an offer to sell or solicitation of an
offer to sell any of the securities in the United States. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or any state securities laws and
may not be offered or sold within the United States or to a U.S. Person unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.
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