NTH.V · 2017-02-10 12:00:00

Castle Silver Annual General Meeting Results

Shareholder Meetings

COQUITLAM, BC

Feb. 10, 2017

CNW/ - Castle Silver Resources Inc. (TSX.V: CSR) (the "Company" or "Castle") announces that the Annual General Meeting

was held on

Thursday February 9, 2017

and is pleased to report that all resolutions were approved with over 99% of all votes in favour. A total of 33.3 % of eligible

shares voted. The resolutions passed at the Meeting are listed below:

The following individuals were re-elected Directors of the Company:

Frank J. Basa

Jacques F. Monette

Dianne Tookenay

Robert Setter

and

Annemette

Jorgensen

McGovern, Hurley, Cunningham, Chartered Accountants, were re-appointed as Company auditors.

Adoption of the Company's 10% rolling share option plan was ratified and approved.

The Board of Directors appointed the following officers of the Company for the ensuing year:

Frank J. Basa:

President and Chief Executive Officer

Thomas P. Devlin:

Chief Financial Officer

Tina Whyte:

Corporate Secretary

The board of directors re-appointed the audit committee for the upcoming year as follows: Frank J. Basa, Chairman;

Jacques F. Monette

, independent member

and

Annemette Jorgensen

, independent member.

During the last year the name change to Castle Silver Resources was completed, a new website was launched, a new Gold zone was discovered, a geophysical

survey commenced in Q4 2016, and the Beaver and Violet Cobalt Silver properties were added. From work carried out in 2016, recent results from bench-scale

metallurgical flotation and gravity test work press released

January 31, 2017

showed silver and cobalt recoveries of 98.5 percent and 70.5 percent respectively

produced an extremely high concentrate grade of 11,876 grams per tonne silver and 10.5 percent cobalt using a simple flotation process. The mineralized-material

surface rock sample was a composite collected from the waste pile assaying 2,064 grams per tonne silver and 5.62 percent cobalt at the Beaver Mine.

About Castle Silver

Castle Silver Resources Inc. (formerly Takara Resources Inc.) is a TSX Venture-listed junior natural resource company focusing on the exploration and

development of former silver and cobalt mine properties in

Northern Ontario

including the Castle Silver Mine near

Gowganda, Ontario

and the Beaver and Violet

mines near

Cobalt, Ontario

. Additional information on the Company's properties is available by visiting its website at

www.castlesilverresources.com

"Frank J. Basa"

Frank J. Basa P. Eng

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility

for the adequacy or accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the

timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking

statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently

anticipated in such statements.

SOURCE

Castle Silver Resources Inc.

To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/February2017/10/c8953.html

%SEDAR: 00022378E

For further information:

Frank J. Basa, P. Eng., President and CEO at 1-819-797-4144; or Wayne Cheveldayoff, Investor Relations,

[email protected], 416-710-2410

CO: Castle Silver Resources Inc.

CNW 18:14e 10-FEB-17

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