Castillian Resources Corp.

Castillian Resources Corp.

December 11, 2006 17:13 ET

Castillian Increases Amount of Private Placement

TORONTO, ONTARIO--(CCNMatthews - Dec. 11, 2006) -


Stan Bharti, Chairman of Castillian Resources Corporation (TSX VENTURE:CT) announces that it has increased the size of its previously announced private placement and now intends to raise up to $6 million through a non-brokered private placement offering of units 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 acquire a common share of the Company at $0.50 for a period of 18 months. The private placement financing remains subject to regulatory approval.

About Castillian Resources

Castillian Resources Corp. is a Canadian mineral exploration company listed on the TSX Venture Exchange under the symbol "CT" with approximately 44.5 million shares issued and outstanding. Castillian is partnered with Xstrata Nickel on the approximately 75,000 ha. Mangabal mafic-ultramafic intrusive Ni/Cu project. The company also owns the Kagera Project, which comprises over 1600 square kilometres of the rich Kabanga nickel belt in Tanzania and 100% rights to the Pederson deposit, an advanced stage gold project in Bolivia.

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 and 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 registration is available.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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