Castle Gold Corporation
TSX VENTURE : CSG

Castle Gold Corporation

November 16, 2007 16:21 ET

Castle Gold Announces Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - Nov. 16, 2007) - Castle Gold Corporation (TSX VENTURE:CSG) announces that it has granted an aggregate of 1,275,000 stock options to directors and officers of the Company. The stock options are exercisable to acquire common shares at an exercise price of $0.65 per share until November 12, 2012.

Castle Gold is a growth oriented gold producer focused on 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 at its La Fortuna gold project in Mexico and at its El Sastre, Bridge and Lupita projects in Guatemala.

ON BEHALF OF THE BOARD OF DIRECTORS,

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

  • Castle Gold Corporation
    Court Babcock
    Investor Relations
    (604) 643-1727 or Toll Free: 1-866 MINE CSG (866-646-3274)
    Website: www.castlegoldcorp.com