Castle Gold Corporation

Castle Gold Corporation

May 01, 2008 13:24 ET

Castle Gold Announces Delay in Filing Audited Annual Financial Statements

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 1, 2008) - Castle Gold Corporation ("Castle Gold" or the "Company") (TSX VENTURE:CSG) announces that it has delayed filing its audited financial statements for the period ended December 31, 2007. The delay is due to a time delay in compiling financial information and documentation for the Guatemalan and Mexican operations and providing this information and documentation to the Company's auditors to allow them to complete their audit. The Company apologizes for the delay and will implement controls to avoid such delays in the future. The majority of the documentation requested has been compiled and provided to the auditors with the balance to be provided shortly. Castle Gold anticipates the filing will be made in seven business days.

Castle Gold Corporation is a growth focused gold producer currently expanding gold production within the America's. 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 at 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.

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