CMM Canabo Medical (delisted)

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION,
DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN
OR INTO THE UNITED STATES.


Castle Mountain Mining Company Limited (TSX VENTURE:CMM) ("Castle Mountain
Mining" or the "Company") is pleased to announce that it has completed its
previously announced public offering (the "Offering") of 9,091,000 common shares
(the "Shares") at a price of $0.55 per Share for gross proceeds to the Company
of $5,000,050. 


The Shares were sold pursuant to an underwriting agreement (the "Underwriting
Agreement") between the Company and a syndicate of underwriters co-led by
Cormark Securities Inc., GMP Securities L.P., and Dundee Securities Ltd., and
also including Macquarie Capital Markets Canada Ltd. and MGI Securities Inc.
Pursuant to the Underwriting Agreement, the underwriters have the option to
purchase up to an additional 15% of the number of Shares sold under the Offering
at a price of $0.55 per Share, on the same terms and conditions as the Offering,
exercisable at any time, in whole or in part, until the date that is 30 days
following the date hereof.


The net proceeds of the Offering will be used for the next phase of work at the
Castle Mountain property and general corporate purposes.


The securities offered have not been, and will not be, registered under the U.S.
Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state
securities laws, and may not be offered or sold in the United States or to, or
for the account or benefit of, United States persons absent registration or any
applicable exemption from the registration requirements of the U.S. Securities
Act and applicable U.S. state securities laws. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy securities in
the United States, nor shall there be any sale of these securities in any
jurisdiction in which such offer, solicitation or sale would be unlawful.


About Castle Mountain Mining 

Subject to certain obligations, Castle Mountain Mining 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. On December 11, 2013, the Company filed the Technical Report for its
maiden NI 43-101 mineral resource estimate, that is available both on SEDAR at
www.sedar.com and on the Company's website at www.castlemountainmining.com. The
Company has engaged RPA Inc. to complete a Preliminary Economic Assessment with
an anticipated delivery in the first quarter of 2014.


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.


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. Statements concerning mineral resource
estimates may also be deemed to constitute forward-looking information to the
extent that they involve estimates of the mineralization that will be
encountered if the property is developed. 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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