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 RPA Inc.
("RPA") has now completed a Mineral Resource estimate prepared in accordance
with National Instrument 43-101 Standards of Disclosure for Mineral Projects
("NI 43-101") on the Company's Castle Mountain project in San Bernardino County,
California. This Mineral Resource estimate includes both the historical drilling
on the property of 1,762 holes representing 361,487 metres of dominantly reverse
circulation ("RC") drilling and our recently completed Phase 1 program of 8,368
metres in 30 RC and core holes.


The tables below summarize results of the estimates and provide a range over
various cut-off grades:




    Table 1 - Mineral Resources Estimate - Effective   
                    November 21, 2013                  
                                                       
Cut-Off           Tonnage          Grade           Gold
(g/t Au)             (Mt)       (g/t Au)        (oz Au)
                                                       
                       Indicated                       
0.34                 84.5           0.94      2,560,000
0.26                112.5           0.78      2,820,000
0.17                148.8           0.64      3,074,000
0.14                165.1           0.60      3,150,000
                        Inferred                       
0.34                 27.5           0.94        828,000
0.26                 38.6           0.75        934,000
0.17                 52.3           0.61      1,030,000
0.14                 57.8           0.57      1,060,000
                                                       
Notes:                                                                      
1.      CIM definitions were followed for Mineral Resources.                
2.      Totals may not add exactly due to rounding.                         
3.      Mineral Resources are estimated at a cut-off grade of 0.14 g/t Au.  
4.      Mineral Resources are contained within a Whittle pit shell,         
        generated using a gold price of US$1300/oz Au.                      
5.      Sample grades were capped at 34.29 g/t Au prior to compositing and  
        grade interpolation.                                                



Gordon McCreary, President and CEO, stated, "We are very pleased with these
results, which show that the Castle Mountain deposit is much larger than we had
anticipated. Not only is the overall size of the project impressive, the
exceptional gold grade is a particularly important reflection of the high
quality of the Castle Mountain deposit. Although we had been focussed on
redevelopment of the property at a similar scale of annual gold production as
had been achieved by the previous heap leach operation, we are now considering
the scalability of the project to a potential higher level of annual gold
output. This will be done within the bounds of the current mining permit, which
was recently extended by five years to December 31, 2025. The earlier than
expected delivery of this Mineral Resource estimate is a testament to the
quality of the historical work on the property, the early involvement of RPA in
the planning of the drill program, and the strong technical capabilities of the
Castle Mountain team and others involved in the project. We are very encouraged
by our progress on the Castle Mountain project and our shareholders can look
forward to another impressive year in 2014 as we continue to advance the
development of the project."


Chairman Robert Buchan added, "The combination of size, grade, pervasive
oxidation and a full mining permit position Castle Mountain amongst the very
best development assets in North America. The asset is further differentiated by
our expectation to deliver scalable production in a short period of time, at
expected low capital and operating costs." 


About the Resource Estimate

The base case Mineral Resources were estimated on the basis of a $1,300 /oz gold
price. In order to establish a reasonable prospect of economic extraction in an
open pit context, the Mineral Resources above were defined within an optimized
pit shell with pit walls set at 48 degrees; estimated recovery of 75% for gold,
mining costs estimated at US$1.65/tonne, processing costs estimated at
US$3.05/tonne and general and administrative costs estimated at US$0.64/tonne.
The Base Case cut-off grade used is 0.14 gram per tonne. The assumptions listed
produced a strip ratio of 3.4:1. These assumptions are considered to be
economically reasonable estimates by the modeller.  


Mineral resources that are not mineral reserves do not have demonstrated
economic viability. The Mineral Resources in this news release were estimated
using current Canadian Institute of Mining, Metallurgy and Petroleum (CIM)
standards, definitions and guidelines.


RPA is preparing a technical report in accordance with NI 43-101 in respect of
the Mineral Resource estimate discussed in this news release and this technical
report will be filed on SEDAR within 45 days of the date this news release is
disseminated. 


The Mineral Resource estimate and other scientific and technical information
contained in this news release were prepared by or under the supervision of Mr.
Reno Pressacco, M.Sc. (Applied), P.Geo. of RPA Inc., who is an independent
"Qualified Person" under National Instrument 43-101 Standards of Disclosure for
Mineral Projects ("NI 43-101").


Next Steps

The Company plans on completing a Feasibility Study before the end of 2014 and
is also investigating the possibility of completing a Preliminary Economic
Assessment in the first quarter of 2014. These activities and a Phase 2 drill
program proposed to begin in early 2014 are subject to financing.


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.
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
potentially upgrade the current NI 43-101 Mineral Resource.


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; time lines for
technical reports and further studies; 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 Limited
Gordon McCreary
President and CEO
(416) 572-0152
gmccreary@castlemountainmining.com


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

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