Castle Resources Inc.
TSX VENTURE : CRI

October 17, 2008 17:37 ET

Castle Resources Announces Termination of Cobalt Claim Package Purchase

TORONTO, ONTARIO--(Marketwire - Oct. 17, 2008) - Castle Resources Inc. (TSX VENTURE:CRI) ("Castle" or the "Company") announces that it has terminated the share purchase agreement with Legends of Cobalt ('LOC') to acquire a majority control of the historic silver camp in Cobalt, Ontario.

About Castle Resources

Castle Resources Inc. is a Toronto-based junior mineral exploration focuses on a high-quality advanced exploration project in Mexico. The Company's initial focus is on the San Ramon silver exploration property in Zacatecas, Mexico, a prolific silver producing region in Mexico. Management's goal is to quickly advance its current project and to seek additional opportunities to continue to add value for shareholders.

For more information please visit the Castle Resources' website at www.castleresources.com.

Disclaimer

Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the company's plan of business operations (including plans for progressing assets), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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