Castle Peak Grants Stock Options

Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE:CAP)
reports it has granted a total of 490,000 stock options to a director and
employees of Castle Peak pursuant to the Company's stock option plan. The
options have an exercise price of $0.52 per share for a period of ten years
expiring on July 13, 2021. The grant is subject to regulatory approval.


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 with over 150 million proven ounces uncovered
and current investment in excess of $2.5 B USD. Castle Peak is now executing an
aggressive Phase I exploration program on identified gold targets. 


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. 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, as well as those risk
factors identified in the Company's 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.