Castillian Resources Corp.
TSX VENTURE : CT

Castillian Resources Corp.

September 16, 2005 16:05 ET

Castillian Extends Private Placement Financing

TORONTO, ONTARIO--(CCNMatthews - Sept. 16, 2005) -

NOT FOR DISTRIBUTION BY UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

CASTILLIAN RESOURCES CORP. (TSX VENTURE:CT) announces that it has extended the closing for its previously announced $1 million non-brokered private placement. The placement will consist of the issuance of units priced at $0.35 per unit. Each unit will consist of one common share and one half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share for $0.50 for a period of 12 months from closing. A finder's fee of 10% of the gross proceeds of the financing will be paid. The private placement financing remains subject to regulatory approval.

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. The company is focused on acquiring, exploring and developing Nickel-Copper, polymetallic and base metal deposits in Latin America. Inventories of base metals are diminishing at historical rates with a prognosis for ever increasing consumption. Although the Brazilian shield has potential for mining-camp scale base metal deposits, this region has rarely seen the application of modern exploration technology. Also largely overlooked, is the potential for volcanogenic massive sulphide and polymetallic deposits in the Andean Cordillera. Recently restructured, Castillian Resources has targeted these potential resources, commencing with the high-profile Mangabal Joint Venture with Falconbridge Brasil Ltda.

Contact Information

  • Castillian Resources Corp.
    John Buckle
    President & CEO
    (905) 517-6555
    or
    Castillian Resources Corp.
    Tony Wonnacott
    Corporate Secretary
    (416) 861-5879
    (416) 861-8165 (FAX)
    info@castillian.ca
    www.castillian.ca