Castle Resources Inc.
TSX VENTURE : CRI

September 21, 2010 16:16 ET

Castle Resources Increases Brokered Financing

TORONTO, ONTARIO--(Marketwire - Sept. 21, 2010) - Castle Resources Inc. (TSX VENTURE:CRI) ("Castle" or the "Company") is pleased to announce that further to its press releases issued on September 16 and 17, 2010, it has agreed to increase the size of its current brokered offering (the "Offering") with Scotia Capital Inc. and D&D Securities Inc. to $10,320,000 from the previously announced total of $10,000,000. Under the increased Offering, Castle has agreed to issue 31,012,500 units ("Units") at a price of $0.32 per Unit and 1,100,000 flow-through shares ("Flow-Through Shares") at a price of $0.36 per Flow-Through Share. Otherwise, the terms and conditions of the Offering remain as set out in the September 17, 2010 release.

In addition, Castle is pleased to announce that it has engaged Proconsul Capital to provide investor relations services for the company. Proconsul Capital provides strategic counsel to small and medium cap companies, primarily in the mining sector. The principals of Proconsul Capital are Andreas Curkovic and Martti Kangas, experienced marketing and communications executives with extensive corporate development and investor relations backgrounds in the base and precious metals sectors.

Effective October 1st, 2010 Proconsul Capital will provide services for the Company at the rate of $5,000 per month for a minimum 6-month period. The primary focus of the planned investor relations campaign is to introduce Castle to a wider audience within the Canadian investment community including investment advisors, sell side analysts and certain institutional investors.

About Castle Resources

Castle Resources Inc. is a Toronto-based junior mineral exploration company focusing on high-quality, advanced exploration projects. Management's goal is to begin the redevelopment of the past producing Granduc Copper Mine and begin new exploration activities; as well, management is quickly advancing the Elmtree Gold Project in New Brunswick toward feasibility in 2010. 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.

This news release does not constitute an offer to sell or 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 a U.S. Person unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 release.

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