Castillian Resources Corp.
TSX VENTURE : CT

Castillian Resources Corp.

November 01, 2005 16:30 ET

Castillian Completes Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2005) -

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

Castillian Resources Corp. (TSX VENTURE:CT) wishes to announce that it has completed a private placement offering of 2,901,861 Units at $0.35 per Unit for gross proceeds of $1,015,651.35. 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 November 1, 2006. Each of the Common Shares and the shares issued upon the exercise of the Warrants will be subject to a hold period that will expire on March 2, 2006. The proceeds will be used by the Company for exploration purposes as well as for general corporate purposes. In connection with the financing, Tsar Emerald International S.A.. was provided with a finder's fee of $101,565.24.

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.

Contact Information