Castle Peak follow-up drilling intersects 5.0M of 8.5 g/t gold and 3.0M of 11.6 g/t gold at Apankrah

Tuesday, Jan 15, 2013

Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE:CAP), is pleased to report the final 2012 drill results from the follow up drill program at the Apankrah target on the Company's Akorade project in the southern Ashanti belt, Ghana, West Africa. The compilation and understanding of these results will provide the basis for unlocking additional value with selective exploration programs in 2013. All maps, sections and results tables are available on the Castle Peak website at www.castlepeakmining.com.

President and CEO Darren Lindsay stated, "I am pleased with the successful completion of our Apankrah drill program on the Apankrah Shoot target. The limited program followed the strong grades down plunge and down dip, and the shoot remains open in all directions. The coarse visible gold style of mineralization with lower grade halo shows the expected high grade variability. Our next step is to internally model this target to determine additional potential of the Apankrah and surrounding structures."

Apankrah Shoot

Modeling of the Apankrah target area has begun and will assist the Company in determining our next exploration steps and further potential of this higher grade target area (see Figure 1 and 2 at http://www.castlepeakmining.com/i/pdf/2013-1-14_NR.pdf). Tracking of both the broader alteration halo and the core mineralization may provide enough geological confidence to contemplate a preliminary resource estimate in 2013.

Source: Marketwire