Castle Gold Corporation

Castle Gold Corporation

April 24, 2008 15:55 ET

Castle Gold Announces Appointment of Vice President Operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 24, 2008) - Castle Gold Corporation ("Castle Gold" or the "Company") (TSX VENTURE:CSG) is pleased to announce the appointment of Mr. Federico Alvarez to the position of Vice President Operations. In his new capacity Mr. Alvarez will be responsible for all of Castle Gold's operations in Mexico and Guatemala including the 100% owned El Castillo gold mine, located in Durango State Mexico and the 50% owned El Sastre gold mine located in Guatemala. Mr. Alvarez is a Mexican citizen and will be based in Mexico to more effectively manage the Company's Mexican and Guatemalan assets.

Mr. Alvarez is a proven leader who brings to Castle Gold a well rounded suite of skills honed in academic, government and mining industry roles over his 32 year career, which includes the successful operations of three mines. Mr. Alvarez obtained his Bachelor Degree in Mine Engineering with academic awards from the Guanajuato University in 1976 followed by a Masters of Engineering Degree, Mining from McGill University in 1982.

Within the mining industry Mr. Alvarez's 21 years of operations experience was obtained in successively senior positions culminating in 11 years as General Manager, Mine Operations. In the General Manager position Mr. Alvarez was responsible for all aspects of operations of a manganese mine, a thermal coal mine and a gold mine, including both open pit and underground operations. Most recently Mr. Alvarez was Director of Mining Affairs for the State of Guanajuato, a position he has held since 2001.

"I am very pleased to welcome Federico to the Castle Gold team," stated Mr. Chris Babcock, President and CEO of Castle Gold. "Federico's unique and highly effective blend of skills obtained from his experience across academic, senior government and senior mining industry roles will assist him in making a very strong contribution to the success of Castle Gold's Mexican and Guatemalan operations, including the successful and profitable development of the El Castillo gold mine. As Castle Gold aggressively pursues its strategy of growing gold production in the Americas a key component is the employment of individuals with significant country and local industry knowledge and contacts. Effective immediately Darren Koningen will assume the role of Vice President, Project Development. In his new role Darren will be responsible for overseeing the expansion of the Company's existing projects and development of new projects to production. The expansion of the management team is intended to support the Company's growth strategy as Castle Gold works to increase share holder value."

Castle Gold Corporation is a growth focused gold producer currently expanding gold production within the Americas. Castle Gold owns a 100% interest in the El Castillo gold mine in Mexico and a 50% interest in the El Sastre gold mine in Guatemala. Castle Gold is also advancing exploration and development work on its La Fortuna gold project in Mexico and at its El Sastre, Bridge and Lupita Projects in Guatemala.


Christopher Babcock, President and Chief Executive Officer

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information