CAP Castle Peak Mining Ltd

As a result of a review by the British Columbia Securities Commission, Castle
Peak Mining Ltd. ("Castle Peak" or the "Company") (TSX VENTURE:CAP) is issuing
this news release to clarify and retract certain technical disclosure.


Castle Peak's November 19, 2013 news release, November 2013 corporate
presentation and Management's Discussion & Analysis for the period ended
September 30, 2013 disclose that the Company was undertaking an internal
conceptual study in order to consider the potential development of the Akorade
Project with a view to completing a preliminary economic assessment ("PEA") on
the Akorade Project. In addition, in a March 2013 interview with Proactive
Investors, the Company stated that "next steps (include) internally modelling
the Apankrah target in order to evaluate underlying economics and determine
overall potential" of the project. 


The Company clarifies that the foregoing internal conceptual study does not
imply the results of any economic analysis in respect of the project, that a
preliminary economic analysis has not been prepared in respect to the
development of the project, and that the mineral resources of the project are
classified as inferred mineral resources, meaning that they are considered too
speculative, geologically, to have economics applied to them and there is no
certainty that economic results can be achieved. The Company further clarifies
that a development decision has not yet been made in respect of the Akorade
Project and any such conceptual planning is subject to change. 


The Company retracts all disclosure in the above-noted documents and interview
that relate to the internal conceptual study and advises the non-compliant
disclosure should not be relied upon. Accordingly, any persons that still have
copies of the documents or interview should not rely upon them. The internal
conceptual study referred to in those documents and in that interview is not
supported by a technical report compliant with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ("NI 43-101"), which is not in
compliance with NI 43-101. The retracted information was not the subject of a
complete report, and such report cannot be completed without significant
additional work which must be completed by an independent qualified person under
NI 43-101.


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 NI 43-101. The Akorade Project
represents early stage exploration properties which include a mineral resource
on the Apankrah Deposit with an effective date of June 1, 2013, as described in
the "NI 43-101 Technical Report on The Apankrah Project, Western Region, Ghana",
dated June 1, 2013, authored by Simon Meadows Smith (IOM3), a fulltime employee
of SEMS, who acts as an independent consultant to the Company. A copy of the
report, as amended, is filed under the Company's profile on SEDAR at
www.sedar.com and the Castle Peak website.


About Castle Peak

Castle Peak Mining Ltd. is a Canadian-based mineral exploration company focused
on advancing greenfields and early stage gold projects. The Company holds a
large, 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 since 1983 has been about $12.5
billion, with production the highest in the history of the country at 4.2
million ounces in 2012 (source: Ghana Business News, April 8, 2013).


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 future
exploration and development at the Akorade Project. 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 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. 


Neither 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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Castle Peak Mining Ltd.
Darren Lindsay
President and Chief Executive Officer
604 681 1466
darrenl@castlepeakmining.com
www.castlepeakmining.com

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