Castle Mountain Mining Company Limited

Castle Mountain Mining Company Limited

November 29, 2013 15:38 ET

Castle Mountain Announces Appointment of Investor Relations Consultants

TORONTO, ONTARIO--(Marketwired - Nov. 29, 2013) - Castle Mountain Mining Company Limited (TSX VENTURE:CMM) ("Castle Mountain Mining", "we", "our" or the "Company") announces that further to its press release dated August 16, 2013, the Company retained Proconsul Capital Ltd. ("Proconsul"), a Company founded by Andreas Curkovic, to provide investor relations services. Proconsul is located in Toronto and specializes in investor relations services.

In consideration of the services to be provided by Proconsul, the Company has agreed to pay a monthly retainer of $5,000, plus reimbursement of approved expenses. Proconsul has been engaged on a month to month basis, subject to termination by either party on 30 days notice.

In addition, as previously disclosed on August 16, 2013, the Company granted Proconsul stock options to purchase up to 50,000 common shares for 5 years at a price of $0.35 per share, under the Company's stock option plan. The options are subject to vesting provisions whereby 25% vest after every three months. The options will expire 30 days after termination, for any reason, of the agreement with Proconsul.

Other than the options, Proconsul does not have any interest, directly or indirectly, in the Company or its securities.

About Castle Mountain Mining Company

Subject to certain obligations, Castle Mountain has 100% of the right, title and beneficial interest in and to the Castle Mountain Venture, a California general partnership, which owns the Castle Mountain property in San Bernardino County, California. The Castle Mountain heap leach gold mine produced over one million ounces of gold from 1992 to 2001, when mining was suspended due to low gold prices.

The Castle Mountain venture land holdings (7,458 acres total) include patented claims (1,298 acres), and unpatented claims (3,209 acres), covering approximately 4,507 acres, plus additional leased claims of approximately 2,951 acres. In June 2013 the Company completed the Phase 1 drill program which tested several exploration targets at various locations on the property. These drill results were disclosed in press releases dated June 20, 2013 and July 16, 2013. On November 21, 2013, the Company announced its maiden NI 43-101 mineral resource estimate. The press releases are available at the Company's website at Castle Mountain Mining expects to start a Phase 2 program at the property in early 2014, subject to financing.

Castle Mountain Mining Company Limited, through its wholly owned subsidiaries including Castle Mountain Venture, is focused on the exploration and, if warranted, development of deposits in San Bernardino County, California. The principal gold mineralization identified to date within the Project are below and surrounding the historically mined pits on the property including the Oro Belle-Hart Tunnel, Jumbo, and Lesley Anne-Jumbo South Pits, as well as in the South Domes area.

Neither the 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 news release.

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