CSR Closes Final Tranche Private Placement

CSR CLOSES FINAL TRANCHE PRIVATE PLACEMENT

June 15, 2017 ‐ Castle Silver Resources Inc. (TSX.V: CSR, OTC: TAKRF, FRANKFURT: 4T9B) (the

“Company” or “CSR”) is pleased to announce that it has closed i t s t h i r d a n d f i n a l t r a n c h e o f

$233,500 in its recently announced private placement, bringing the total gross proceeds to

$1,200,000.

The Company will be issuing 1,167,500 units in the third tranch e closing. Each unit comprises one

common share and one share purchase warrant. Each warrant will e n t i t l e t h e h o l d e r t h e r e o f t o

purchase one additional common share of the Company at an exerc ise price of $0.30 per share for a

period of two years from closing, subject to TSX Venture Exchange (“Exchange”) approval.

All securities issued in connection with the private placement are subject to a four‐month and a day

hold period expiring on October 16, 2017, in accordance with applicable Securities Laws.

Proceeds of the private placement will be used to expand ongoing programs at the Castle and

Beaver properties, past producing silver‐cobalt mines, and for general working capital purposes.

About Castle Silver Resources Inc.

Castle Silver Resources Inc. (fo rmerly Takara Resources Inc.) i s 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‐Cobalt mine near Gowganda and the

Beaver and Violet mines near Cobalt. Additional information on t h e C o m p a n y ’ s p r o p e r t i e s i s

available by visiting its website at www.CastleSilverResources.com.

“Frank J. Basa”

Frank J. Basa P. Eng.

President and Chief Executive Officer

For further information, contact:

Frank J. Basa, P. Eng., President and CEO at 1‐819‐797‐4144, or

Wayne Cheveldayoff, Investor Relations, [email protected], 416‐710‐2410

Neither the TSX Venture Exchange nor its Regulation Service Pro vider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the ade quacy or accuracy of this release. This news

release may contain forward‐looking statements including but no t limited to comments regarding the timing

and content of upcoming work pro grams, geological interpretations, receipt of property titles, potential

mineral recovery processes, etc. F o r w a r d ‐ l o o k i n g s t a t e m e n t s a d dress future events and conditions and

therefore, involve inherent risks and uncertainties. Actual res ults may differ materially from those currently

anticipated in such statements.

Castle Silver Resources Inc. 

3028 Quadra Court 

Coquitlam,  B.C.,  V3B 5X6