CMM Canabo Medical (delisted)

Castle Mountain Mining Company Limited (TSX VENTURE:CMM) ("Castle Mountain
Mining", "we", "us" or the "Company") is pleased to announce that it has
completed its previously announced non-brokered private placement with Robert
Buchan, the Chairman of the Company, through the sale of 1,000,000 units at a
purchase price of $0.35 per unit to raise gross proceeds of C$350,000. Each unit
consists of one common share of the Company and one half of one warrant. Each
warrant entitles the holder thereof to acquire one common share of the Company
at a price of $0.50 until March 6, 2015. The securities issued in the private
placement will be subject to statutory resale restrictions until January 7,
2014. Conditional approval of the transaction was granted by the TSX Venture
Exchange ("TSXV") on August 21, 2013 and final regulatory approval, including
approval of the TSXV, is currently pending.


The funds raised from the private placement will be used for general corporate
purposes. 


As a result of the private placement, Mr. Buchan holds an aggregate of 2,758,400
common shares of the Company or 5.1%, on a non-diluted basis. 


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. The Company has recently 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, Castle Mountain Mining expects to start a Phase 2 program at the
property, subject to financing. Castle Mountain Mining has engaged RPA Inc. 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 354,800 m of drilling across 1,729
drill holes to be used together with recent and future drilling to create a
mineral resource on the property that is in accordance with National Instrument
43-101 ("NI 43-101"). The Company anticipates the release of the technical
report following the completion of the Phase 2 drill program. 


Castle Mountain Mining Company Limited, through its wholly owned subsidiaries
including Castle Mountain Venture, is focused on the exploration and, if
warranted, redevelopment of deposits in San Bernardino County, California. The
Company has recently had its key mining permit extended to December 31, 2025.
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 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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