CAP Castle Peak Mining Ltd

Castle Peak Mining Ltd. ('Castle Peak' or 'the Company') (TSX VENTURE:CAP) is
pleased to announce that Hon. Mike Hammah (MP), Minister of Lands and Natural
Resources of the Republic of Ghana, has granted his consent of the Deeds of
Assignment ('the Assignment') for the assignment of the Nkwanta and Asuogya
prospecting licenses from Netas Mining Company Limited ('the Vendor') to Castle
Peak's wholly owned subsidiary Canterbury Mining Company Limited. Terms of the
Assignment for the Nkwanta (18.5 square km) and the Asuogya (26.75 square km)
licenses are for a 95% interest in both licenses, and required an initial
payment of US$100,000 on signing of the agreements, followed by a final payment
of US$1,200,000 which is now being processed following the consent of the
Assignment by the Minister. The Vendor retains a 5% free carried interest in
each license.


Castle Peak has also entered into an assignment agreement with Satemkon Mining
(GH) Ltd. for 100% of the Enyinase prospecting license (agreement includes a
three year due diligence period). The Enyinase license covers 36.5 square
kilometres immediately west of Castle Peak's core land package, and is
contiguous with the pending Great Yorkshire prospecting license. This license
covers an interpreted splay of the Salman Structure currently being evaluated
and exploited by Adamus Resources Limited operating to the southwest of Castle
Peak's land package. The terms of the agreement are as follows: US$40,000 paid
upon signing of agreement; US$60,000 paid on the first anniversary; US$80,000
paid on the second anniversary; US$120,000 paid on the third anniversary; and
final payment of US$250,000 paid on consent of assignment of the license to
Castle Peak by the Minister of Lands and Natural Resources with the Vendor
retaining a 2% net smelter royalty.


Castle Peak's strategic land holdings in the southern Ashanti belt are host to
gold in soil anomalies that range in strike from 200 metres ('m') to over 5,000m
and range in width from 100m to 500m; these anomalies are defined by gold ('Au')
values in excess of 50 parts per billion ('ppb'), but values contained within
the trends vary from less than 20ppb to greater than 8000ppb Au. One of the
strongest anomalies, roughly 1200m by 350m of greater than 70ppb Au, occurs on
the Nkwanta license. The largest anomaly occurs on the Asuogya and Ayiem
licenses and is 9,000m long and 1,000m wide. Auger drilling to further refine
this anomaly is underway with proposals to follow up all significant anomalies
with trenching or core drilling.


Qualified Person

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'). Quality assurance and quality control procedures currently being
established include the systemic insertion of blanks, standards and duplicates
into the sample stream either in the field or at the lab; samples are placed in
sealed bags and are delivered to Intertek Mineral Services (previously
Transworld) Laboratories in Tarkwa, Ghana. The Castle Peak projects are early
stage exploration properties and do not contain any mineral resources as defined
in NI 43-101.


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 CEO   

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, including, among others,
the ability to obtain governmental and regulatory approvals, the transfer or
assignment of licenses, and the completion of proposed drilling programs, 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.

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