Castle Gold Corporation

Castle Gold Corporation

October 30, 2009 16:01 ET

Castle Gold Announces Management Change

TORONTO, ONTARIO--(Marketwire - Oct. 30, 2009) - CASTLE GOLD CORPORATION (Castle Gold or the Company) (TSX VENTURE:CSG) today announced that Thomas Atkins, the Company's President and Chief Executive Officer, is leaving his position with the Company effective today. The Board has appointed Milton Baehr as the Interim Chief Executive Officer and James Mark Plaxton as the Interim President of the Company both of whom are existing Board members.

Further, in accordance with the Majority Voting Policy and based on the results of the Company's Annual & Special Meeting of Shareholders held earlier in the year Mr. Atkins had previously tendered his required resignation as a member of the Board of Directors.

The Board of Directors wishes Mr. Atkins the best of luck in his future endeavours.

About Castle Gold

Castle Gold Corporation is a growth oriented gold producer with projects focused in the Americas. The Company owns a 100% interest in the El Castillo gold mine in Mexico and a 50% interest in the El Sastre gold mine in Guatemala. Castle Gold is also advancing exploration and development work at its La Fortuna gold-silver-copper project in Mexico.

TSX-V Trading Symbol: CSG
Total Shares Outstanding: 75.5MM
Fully Diluted: 82.8MM
52-Week Trading Range: C$0.15 - $1.15

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

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