Castle Resources Inc.

September 26, 2007 16:52 ET

Castle Resources Inc. Acquires Uranium Prospects in Southern British Columbia

TORONTO, ONTARIO--(Marketwire - Sept. 26, 2007) -


Castle Resources Inc. ("Castle", or the "Company") (TSX VENTURE:CRI) is pleased to announce, further to the Company's news release dated August 16, 2007 the formal closing of the purchase of the Val Claim Block located in the Vernon Mining Division, British Columbia.

The Val Claim Block, consisting of 3 claims covering 847.4 hectares, is located approximately 19 kilometres south of Lumby, British Columbia. A 100% interest in these claims was purchased from Mr. Andrew Sostad for $50,000 and 200,000 shares of the Company.

"We are excited to acquire these prospective uranium claims," said Mr. Stephen Wallace, President & CEO of Castle Resources Inc. "Encouraging anomalies from past surveys has set the groundwork for further grassroots exploration."

A first phase exploration program will commence on the claims in the fourth quarter of 2007, based on historical uranium geochemical and geophysical data.

About the Company

Castle is a Toronto-based junior mineral exploration company focusing on high-quality advanced exploration projects in Mexico. The Company's initial focus is on silver exploration and development in Zacatecas, Mexico, one of the most prolific silver camps in Mexico and the world. Management's goal is to quickly advance current projects and to seek additional opportunities to continue to add value for shareholders.

This news release has been reviewed and approved by Stephen Wallace P.Geo., a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference include, but are not limited to: changes in the worldwide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. The Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect the financial results is included in documents filed from time to time with Canadian securities regulatory authorities by the Company.

The Exchange has neither approved nor disapproved the contents of this press release.

Contact Information

  • Castle Resources Inc.
    Stephen Wallace P.Geo.
    President and Chief Executive Officer
    (416) 619-0801
    Castle Resources Inc.
    Maurizio Fava
    Vice-President, Corporate Development
    (416) 917-1812