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Castle Peak Completes Acquisition of Prospecting License

Mergers & Acquisitions Exploration Programs

Castle Peak Completes Acquisition of

Prospecting License

Vancouver, British Columbia--(Newsfile Corp. - November 1, 2021) -

Castle Peak Mining Ltd.

(TSXV:

CAP) ("Castle Peak" or the "Company") is pleased to announce that it has completed the previously

announced acquisition of the Kunsu prospecting license in Ghana from Wononuo Investment Limited

("Wononuo"). Title to the prospecting license is held by Castle Sika Mining Ltd., a wholly owned

Ghanaian subsidiary of the Company.

Allan Green, Chairman and CEO, said: "We are pleased to add the high potential Kunsu prospecting

license to the Castle Peak portfolio, which allows us to proceed with some of the earlier exploration

initiatives. The acquisition underlines our commitment to further explore for new gold opportunities in

Ghana."

For further information, please contact:

"Iyad Jarbou"

Chief Financial Officer

Tel: 604.362.7685

Email:

[email protected]

Website:

https://castlepeakmining.com/

FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION

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. This release may

contain statements that are forward looking statements and are subject to various risks and

uncertainties concerning the specific factors disclosed under the heading "Risk Factors" and

elsewhere in the Company's periodic filings with Canadian securities regulators. Such information

contained herein represents management's best judgment as of the date hereof based on information

currently available. 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. The Company does not assume the obligation to update any forward-looking

statement, except as required by law. For more information on the Company, investors should review

the Company's filings that are available at

www.sedar.com

.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) nor the Investment Industry Regulatory Organization of

Canada accepts responsibility for the adequacy or accuracy of this release.

The securities being offered have not been, nor will they be, registered under the United States

Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to, or for

the account or benefit of, U.S. persons absent registration or an applicable exemption from

registration requirements. This press release shall not constitute an offer to sell or the solicitation of

an offer to buy nor shall there be any sale of the securities in any jurisdictions in which such offer,

solicitation or sale would be unlawful. Any offering made will be pursuant to available prospectus and

registration exemptions and restricted persons to whom the securities may be sold in accordance with

the laws of such jurisdictions and by persons permitted to sell the securities in accordance with the

laws of such jurisdictions.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT FOR

DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO UNITED STATES

NEWSWIRE SERVICES

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/101553