Castle Peak Appoints Darryl Cardey to Board of Directors
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 06/14/11 -- Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE: CAP) is pleased to announce the appointment of Mr. Darryl Cardey to the Company's Board of Directors, effective June 1, 2011. Mr. Cardey is a partner with CDM Capital Partners, a private company focused on venture capital financing and investments. He holds a Chartered Accountant's degree from the Institute of Chartered Accountants in British Columbia and a Bachelor of Commerce degree from the University of British Columbia. Mr. Cardey has been involved in the mining industry for several years and is co-founder of a number of successful ventures, including Underworld Resources (bought by Kinross May 2010), Crazy Horse Resources (where he is also Chief Financial Officer), and Minaurum Gold.
President and CEO Darren Lindsay said, 'I believe Darryl's strong financial background and relevant experience with exploration and development projects will bring a firm balance to our Board of Directors. We look forward to working together as we push forward with our aggressive exploration program at the Akorade project in Ghana.'
About Castle Peak
Castle Peak Mining Ltd. is a Canadian-based exploration and development company focused on advancing greenfields and early stage gold projects. The Company holds a strategic land package in the Ashanti belt adjacent to several producing gold mines in Ghana, West Africa. The Ashanti belt is known as one of the most prolific gold belts in the world with over 150 million proven ounces uncovered and current investment in excess of $2.5 B USD. Castle Peak is now executing an aggressive Phase I exploration program on identified gold targets.
On behalf of the Board of Castle Peak Mining Ltd.:
Darren Lindsay, President and Chief Executive Officer
FORWARD-LOOKING STATEMENTS
Except for statements of historical fact, this news release contains certain 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws. Such forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to vary materially from the anticipated results or events predicted in these forward-looking statements, including those risk factors identified in the Company's Filing Statement filed under the Company's SEDAR profile. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this release. Except as required by applicable law, Castle Peak disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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.
Contacts:
Castle Peak Mining Ltd.
Marlo Hamer-Jackson
Investor Relations Manager
604 681 1466 (X4)
604 681 1404 (FAX)
marlo@castlepeakmining.com
www.castlepeakmining.com