Castillian Resources Corp.
TSX VENTURE : CT

Castillian Resources Corp.

May 09, 2008 07:30 ET

Castillian Completes VTEM Electromagnetic and Magnetic Survey on the Kagera Project, Tanzania

Highlights 8 kilometre highly conductive area directly along strike of the Kabanga Nickel sulfide deposits

TORONTO, ONTARIO--(Marketwire - May 9, 2008) - Castillian Resources Corporation (TSX VENTURE:CT) is pleased to announce the completion of approximately 4,450 line kilometres of VTEM airborne magnetic and electromagnetic (EM) surveys on its 100% owned Kagera Project in Tanzania (Figure 1). The survey was flown by Geotech Airborne Limited of South Africa employing the B-field Versatile Time-Domain Electromagnetic (VTEM) system. The survey identified several highly conductive multi-line anomalies. The highest priority anomalies are located within an 8 kilometre conductive trend directly along strike from the Kabanga trend (Figure 2). These anomalies are late channel, high quality anomalies on the trend from Kabanga along the inferred contact between the lithologies which host the Kabanga deposits. Field checks and ground follow-up are planned to begin immediately on the highlighted anomalies.

Castillian currently has a team working in the field preparing grids over the anomalies for better access and ground geophysics and establishing working relationships within the local community. A base camp is being installed to provide access to focus on the ground follow up of the priority targets.

Castillian' Kagera property is directly north of the Kabanga Nickel sulfide deposits, which are owned by Barrick and X-strata Nickel (Figure 2). Based on a September, 2006 Xstrata presentation to analysts, the Kabanga deposits contained resources in all categories in excess of 45 Million tonnes grading more than 2.5% Ni at that time. The Kabanga project is currently the focus of an ongoing feasibility study by Xstrata Nickel and Barrick. Castillian's key claims are approximately 6 km directly along the regional geological and geophysical trend northeast of the Kabanga Nickel deposits. With the discoveries by Xstrata in 2006 and 2007 of the Tembo Deposit and the Safari Zone, mineralization at Kabanga now extends for approximately 9 kilometres. There are also two known nickel sulphide occurrences within the Luhuma trend (Figure 2) to the north and east of Castillian's Kagera property. Castillian believes that the Kagera project is well situated within the mineralized trend.

Quality Control

The data collected from the airborne survey was monitored during collection and processed by Mark Shore PhD, P. Geo. A qualified person as defined by National Instrument 43-101. Dr. Shore is an independent consulting geophysicist who provides services to the company under the direction of Castillian Exploration Manager, Joel Hrominchuk, P.Geo. Mr. Hrominchuk has reviewed the scientific and technical information in this press release. Mr Hrominchuk is a qualified person as defined by National Instrument 43-101.

About Castillan Resources

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" with approximately 87 million shares issued and outstanding. Castillian has a 100% interest in the Kagera Project which comprises over 1350 square kilometres in the highly mineralized Kabanga Nickel Belt in Tanzania, an option to purchase a 100% interest in the approximately 153,000 ha Mangabal nickel-copper project in Brazil from Xstrata Nickel. The company is earning an interest in the Las Aguilas Nickel-Copper-PGM Project in Argentina from Marifil Mines Ltd. and has rights to acquire 90% of the Pederson deposit, an advanced gold exploration project in Bolivia which is currently under force majeure.

Forward Looking Statements

This document may contain or refer to forward looking information based on current expectations, including, but not limited to, mineralization projections and similarities drawn to other deposits, estimates regarding the timing for resource modeling and other exploration programs, future drill programs and the preparation of a 43-101 compliant technical reports. Forward-looking statements are subject to significant risks and uncertainties, and other factors that could cause actual results to differ materially from expected results. These forward-looking statements are made as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances.

To view Figure 1, please visit: http://media3.marketwire.com/docs/ct509a.pdf

To view Figure 2, please visit: http://media3.marketwire.com/docs/ct509b.pdf

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