Castle Resources Appoints Lenny Foreht as President and Chief Executive Officer

TORONTO, ONTARIO--(Marketwired - Dec 1, 2014) - Castle Resources Inc. ("Castle" or the "Company") (CSE:CRI) is pleased to announce that Mr. Lenny Foreht has been appointed President and Chief Executive Officer ("CEO") of the Company, effective November 27, 2014.

Mr. Foreht, who was previously VP Operations and Corporate Development of the Company, will be assuming the role of President and CEO from Mr. Mike Sylvestre who is stepping down from both roles. Mr. Sylvestre has served as Castle's Chief Executive Officer since July 1, 2011 and as President of Castle since June 30, 2010.

Stated Mr. Mike Sylvestre: "Lenny and I have worked closely over the past 5 years. From the initial acquisition of the Granduc in 2010, through highly-successful drilling campaigns that yielded increasingly impressive copper resource estimates and culminated in positive technical and engineering studies, Lenny has been a key member of the Castle team. Shareholders will be in good hands as Castle seeks to not only advance the Granduc, but begin a renewed focus on acquiring prospective copper assets."

Castle is pleased to announce that Mr. Sylvestre will remain a director and has been appointed as the Chairman of Castle's board of directors.

Stated Mr. Foreht: "The board, management and employees of Castle are very grateful to Mike for his key contributions in growing the Granduc Copper Project to its current stage of development. Mike skillfully guided Castle as it transformed the Granduc from a legacy brownfield into a new and exciting Canadian copper development project. We are pleased that Mike will continue to guide the Company as Chairman."

About Castle Resources Inc.

Castle is a Toronto-based junior mineral development company focusing on high-quality, advanced projects. Management's goal is to continue the redevelopment of the 100% owned past producing Granduc Copper Mine in Stewart B.C. For more information please visit the Castle Resources' website at www.castleresources.com.

Disclaimer

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.