Castillian Resources Corp.

Castillian Resources Corp.

June 07, 2006 09:34 ET

Castillian Appoints Gary Anstey as President and C.E.O.

TORONTO, ONTARIO--(CCNMatthews - June 7, 2006) - Castillian Resources Corp. ("Castillian") (TSX VENTURE:CT) Stan Bharti, Chairman of Castillian Resources Corp. is pleased to announce the appointment of Gary Anstey as President, C.E.O. and a member of the Board of Directors of Castillian effective June 6, 2006.

Mr. Anstey stated: "I look forward to leading such a well structured company with an outstanding portfolio of assets and a world class joint venture partner in Falconbridge on the Mangabal nickel project in Brazil. I am also very excited about the 100% owned Pederson gold project in Bolivia and expect to rapidly advance its development. We expect specific plans for this project to be provided over the next few weeks."

Mr. Anstey has an extensive consulting background in resource based projects. As the President and Principal of Atlantic Perspectives Inc. (API), a consultancy based in Eastern Canada with a client base that was primarily in the oil and gas, mining and forestry areas, Mr. Anstey has advised clients on government related and public policy issues. He has high-level marketing experience as a former President and Partner of Anstey, Pardy, Pelley & Associates (APPA Communications), an award-winning Advertising and Public Relations firm. As the new President and C.E.O. of Castillian, Mr. Anstey also brings invaluable direct government experience as a former Executive Assistant to the Hon. Brian Tobin in Ottawa.

"We are very pleased to have Mr. Anstey join the Company and look forward to the contributions that he will add to the Company in making Castillian Resources a leading base metal exploration company in Latin America." stated Stan Bharti.

The Company has issued Mr. Anstey options to purchase 300,000 common shares of the Company at $0.34 per share, subject to regulatory approval. Mr. Anstey's appointment as President and C.E.O. follows the resignation of Mr. John Buckle, who will stay on with the Company as a consultant. Additionally, Mr. John Carlesso will join the Board of Directors, following the resignation of Deborah Battiston, who will continue to serve as the Company's Chief Financial Officer.

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT". Castillian is partnered with Falconbridge Brazil on the Mangabal mafic-ultramafic intrusive Ni/Cu project. The company also owns 100% rights to the Pederson deposit, an advanced stage gold project in Bolivia and over 1600 square kilometres of the rich Kabanga nickel belt in Tanzania.

Contact Information

  • Castillian Resources Corp.
    Gary Anstey
    President & CEO
    (416) 861-5902
    (416) 861-8165 (FAX)
    Castillian Resources Corp.
    Tony Wonnacott
    Corporate Secretary
    (416) 861-5879
    (416) 861-8165 (FAX)