CAP Castle Peak Mining Ltd

Castle Peak Mining Ltd. ('castle Peak' or the 'company') (TSX VENTURE:CAP), is
Pleased to Announce Promising Surface Sampling Results at the Dansuom Target on
the Pow Concession at the Company's Akorade Project in the Southern Ashanti Belt
in Ghana, West Africa. the Reported Results Represent Approximately 25% of the
Road Samples Collected to Date. Concurrently a Gradient Induced Polarization
Survey and Subsequent Pole-Dipole Induced Polarization Survey was Completed in
Order to Better Refine Drill Targets in the Area. 


Highlights of the Sampling Include:



--  Channel POWCS008: 70.0m of 1.01 g/t Au including 26.0m of 1.76 g/t Au; 
--  Channel POWCS007: 12.0m of 0.54 g/t Au; 
--  Channel POWCS005: 2.0m of 2.38 g/t Au. 



Highlights of the geophysical survey include several kilometer scale coincident
resistivity and chargeability anomalies. Two of these significant anomalies are
spatially associated with the large, 1,500m by 250m, Dansuom gold in soil
anomaly defined by soil values greater than 0.2 g/t gold. (To see Figure 1:
Anomalies in Dansuom Target Area, please visit the following link:
http://media3.marketwire.com/docs/cap1205i.pdf) 


Commenting on the results Darren Lindsay stated, "Although dealing with a less
than predictable rainy season this year, we have been able to forge ahead with
geophysical surveying, mapping and sampling to better determine the resource
potential in the Dansuom target area. Strong geophysical anomalies coincident
with our existing geochemical anomalies and new road cuts exposing vein stock
works, alteration zones and contact zones are showing the promise of this
exceptional target."


Update on Regional Exploration 

A total of 690 samples for multi-element analysis have been collected across the
Akorade project area, with approximately 300 samples remaining to be collected
across the mineral licenses at 400m by 400m spacing. To date all samples from
Enyinase, Bonsaso, Kedadwen and Dompem have been collected, while mapping and
sampling still continues across the POW and Great Yorkshire licenses. Mapping
from these efforts is being compiled to refine our existing base map.


Technical Disclosure

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'). The exploration activities are supervised by Clive Arthur, Castle
Peak's Vice President Exploration. The procedures include the systematic
insertion of blanks, standards and duplicates into the sample stream both in the
field and at the lab; samples are placed in sealed bags and are delivered to SGS
Laboratory Services GH Ltd. in Tarkwa, Ghana, for routine gold analysis by 50g
charge fire assay with atomic absorption finish. Samples with visible gold or
returning greater than 5 g/t Au from fire assay are subject to analysis using
screen metallic assay. The Akorade project is an early stage exploration project
and does not contain any mineral resources as defined by NI 43-101. The
potential quantities and grades disclosed herein are conceptual in nature and
there has been insufficient exploration to define a mineral resource for the
targets disclosed herein. It is uncertain if further exploration will result in
these targets being delineated as a mineral resource. Further information is
available in the NI 43-101 compliant technical report dated February 14, 2011
and entitled "NI 43-101 Technical Evaluation Report on Nkwanta & Ayiem
concessions, Wassa-West District, Republic of Ghana, West Africa" authored by
Daniel Gaudreault, P.Eng. and Alain-Jean Beauregard, P.Geol. of Geologica
Groupe-Conseil Inc., and in the NI 43-101 compliant technical report dated
January 2, 2012 and entitled "NI 43-101 Technical Report on the Asuogya License,
Ghana" authored by Gareth O'Donovan, Corporate Exploration Consultant, of SRK
Exploration Services Ltd, copies of which are filed under the Company's profile
on SEDAR at www.sedar.com.


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, putting Ghana as the second largest gold
producer in Africa with past production of greater than 150 million ounces. The
investment inflow for Ghana's mining sector was $2.5 billion from 2009 to 2011,
with increasing annual production reaching 3.6 million ounces in 2011 (source:
Ghana Business News, November 11, 2012).


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 including statements regarding proposed
exploration, sampling and drilling at the Akorade Project and statements
concerning the anticipated results of that exploration, sampling and drilling.
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 those risk factors identified in the
Company's Annual MD&A and 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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Castle Peak Mining Ltd.
Marlo Hamer-Jackson
Investor Relations Manager
604 681 1466 (X4)
604 681 1404 (FAX)
marlohj@castlepeakmining.com
www.castlepeakmining.com

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