CMM Canabo Medical (delisted)

Castle Mountain Mining Company Limited (TSX VENTURE:CMM) ("Castle Mountain
Mining", "we", "our" or the "Company") is pleased to announce that the Company
now expects to publicly release a National Instrument 43-101 compliant resource
estimate being prepared by RPA Inc. ("RPA") by the end of November 2013. Since
the spring of 2013 RPA has worked closely with the technical staff of Castle
Mountain Mining as we prepared and executed on our Phase 1 drill program and as
we investigated the large historic data base created by the previous operator of
the Castle Mountain heap leach mine. Historic drilling from the mid 1980's to
1997 consisted of 1,762 holes representing 361,487 metres of dominantly reverse
circulation (RC) drilling. Our Phase 1 program of 8,368 metres in 30 RC and core
holes together with other testing, sampling and computer modeling contributed to
the validation of the historic data and is allowing for preparation of an
initial NI 43-101 resource estimate to be released later this month. Within 45
days of the release of this initial NI 43-101 resource estimate the
corresponding technical report being prepared by RPA will be filed on SEDAR. 


Gordon McCreary, President and CEO, stated, "The publication of an initial NI
43-101 resource estimate for our Castle Mountain property will be an important
step in the geologic de-risking of our project. The fact that we already have
the key mining permit and have recently had it extended by five years to
December 31, 2025 has been another important de-risking step. The low level of
technical risk inherent in our project is further accentuated by the fact that
the historic heap leach operation produced 1.24 million ounces of gold during 10
years of mining and several years of residual leaching with an excellent
metallurgical gold recovery exceeding 80%."


About Castle Mountain Mining Company 

Subject to certain obligations, Castle Mountain has 100% of the right, title and
beneficial interest in and to the Castle Mountain Venture, a California general
partnership, which owns the Castle Mountain property in San Bernardino County,
California. The Castle Mountain heap leach gold mine produced over one million
ounces of gold from 1992 to 2001, when mining was suspended due to low gold
prices. 


The Castle Mountain venture land holdings (7,458 acres total) include patented
claims (1,298 acres), and unpatented claims (3,209 acres), covering
approximately 4,507 acres, plus additional leased claims of approximately 2,951
acres. In June 2013 the Company completed the Phase 1 drill program which tested
several exploration targets at various locations on the property. These drill
results were disclosed in press releases dated June 20, 2013 and July 16, 2013
and are available at the Company's website at www.castlemountainmining.com. Upon
completion of analysis of the Phase 1 program with the aid of computer generated
models and the publication of our maiden NI 43-101 resource estimate prepared by
RPA, Castle Mountain Mining expects to start a Phase 2 program at the property
in early 2014, subject to financing. Castle Mountain Mining has engaged RPA to
work with the Company in developing a program that will, amongst other things,
identify optimal drill locations, meet and exceed QA/QC standards, and allow the
historic drilling on the property made up of 361,487 m of drilling across 1,762
drill holes to be used together with recent drilling to create a mineral
resource on the property that is in accordance with NI 43-101.  


Castle Mountain Mining Company Limited, through its wholly owned subsidiaries
including Castle Mountain Venture, is focused on the exploration and, if
warranted, development of deposits in San Bernardino County, California. The
principal gold mineralization identified to date within the Project are below
and surrounding the historically mined Pits on the Property including the Oro
Belle-Hart Tunnel, Jumbo, and Lesley Anne-Jumbo South Pits, as well as in the
South Domes area. Historic (non-compliant to NI 43-101) mineral resources for
the project were outlined in a technical report entitled "NI 43-101 REPORT ON
THE CASTLE MOUNTAIN PROPERTY, SAN BERNARDINO COUNTY, CALIFORNIA USA" by Thomas
Temkin, CPG, dated October 24, 2012 which is available on SEDAR at
www.sedar.com.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release. 


Forward-Looking Statements 

Statements contained in this news release that are not historical facts are
"forward-looking information" or "forward-looking statements" (collectively,
"Forward-Looking Information") within the meaning of applicable Canadian
securities legislation and the United States Private Securities Litigation
Reform Act of 1995. Forward Looking Information includes, but is not limited to,
disclosure regarding possible events, conditions or financial performance that
is based on assumptions about future economic conditions and courses of action;
the timing and costs of future exploration activities on the Company's
properties; success of exploration activities; permitting time lines and
requirements; time lines for technical reports; planned exploration and
development of properties and the results thereof; and planned expenditures and
budgets and the execution thereof. In certain cases, Forward-Looking Information
can be identified by the use of words and phrases such as "plans", "expects" or
"does not expect", "is expected", "budget", "scheduled", "suggest", "optimize",
"estimates", "forecasts", "intends", "anticipates", "potential" or "does not
anticipate", believes", "anomalous" or variations of such words and phrases or
statements that certain actions, events or results "may", "could", "would",
"might" or "will be taken", "occur" or "be achieved". In making the
forward-looking statements in this news release, the Company has applied several
material assumptions, including, but not limited to, that the current
exploration and other objectives concerning the Castle Mountain Project can be
achieved and that its other corporate activities will proceed as expected; that
the current price and demand for gold will be sustained or will improve; that
general business and economic conditions will not change in a materially adverse
manner and that all necessary governmental approvals for the planned exploration
on the Castle Mountain Project will be obtained in a timely manner and on
acceptable terms; the continuity of the price of gold and other metals, economic
and political conditions and operations. Forward-Looking Information involves
known and unknown risks, uncertainties and other factors which may cause the
actual results, performance or achievements of the Company to be materially
different from any future results, performance or achievements expressed or
implied by the Forward-Looking Information. 


Such risks and other factors include, among others, risks related to the
availability of financing on commercially reasonable terms and the expected use
of proceeds; operations and contractual obligations; changes in exploration
programs based upon results of exploration; future prices of metals;
availability of third party contractors; availability of equipment; failure of
equipment to operate as anticipated; accidents, effects of weather and other
natural phenomena and other risks associated with the mineral exploration
industry; environmental risks, including environmental matters under U.S.
federal and California rules and regulations; impact of environmental
remediation requirements and the terms of existing and potential consent decrees
on the Company's planned exploration on the Castle Mountain Project; certainty
of mineral title; community relations; delays in obtaining governmental
approvals or financing; fluctuations in mineral prices; the Company's dependence
on one mineral project; the nature of mineral exploration and mining and the
uncertain commercial viability of certain mineral deposits; the Company's lack
of operating revenues; governmental regulations and the ability to obtain
necessary licenses and permits; risks related to mineral properties being
subject to prior unregistered agreements, transfers or claims and other defects
in title; currency fluctuations; changes in environmental laws and regulations
and changes in the application of standards pursuant to existing laws and
regulations which may increase costs of doing business and restrict operations;
risks related to dependence on key personnel; and estimates used in financial
statements proving to be incorrect; as well as those factors discussed in the
Company's public disclosure record. Although the Company has attempted to
identify important factors that could affect the Company and may cause actual
actions, events or results to differ materially from those described in
Forward-Looking Information, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be
no assurance that Forward-Looking Information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. Accordingly, readers should not place undue reliance on
Forward-Looking Information. Except as required by law, the Company does not
assume any obligation to release publicly any revisions to Forward-Looking
Information contained in this news release to reflect events or circumstances
after the date hereof or to reflect the occurrence of unanticipated events.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Castle Mountain Mining Company
Gordon McCreary
President and CEO
(416) 572-0152
gmccreary@castlemountainmining.com


Castle Mountain Mining Company
Fraser Buchan
VP Corporate Development
(416) 640-1933
fbuchan@83yonge.com
www.castlemountainmining.com

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