Castillian Resources Corp.
TSX VENTURE : CT

Castillian Resources Corp.

June 02, 2006 16:05 ET

Castillian Closes Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - June 2, 2006) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES

Castillian Resources Corp. (TSX VENTURE:CT) has completed its previously announced non-brokered private placement financing through the issuance of 7,544,382 Units at $0.35 per Unit for gross proceeds of $2,640,499.40. Each Unit consists of one common share and one half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one Common Share, exercisable at a price of $0.50 per share until June 2, 2007. Each of the common shares and warrants are subject to a hold period that will expire on October 3, 2007. The private placement remains subject to final approval by the TSX Venture Exchange. The proceeds will be used by the Company for exploration purposes as well as for general corporate purposes.

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, (the "U.S. Securities Act") or any state securities laws an may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registrations is available.

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT".


THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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