Mr. Darren Lindsay reports

CASTLE PEAK ANNOUNCES RESULTS OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS

Castle Peak Mining Ltd. has released the results of its annual general and special meeting of shareholders and has provided a general corporate and exploration update.

Results of the meeting

At the meeting held on Nov. 16, 2016, the shareholders of the corporation elected the five directors nominated by management in the corporation's management information circular dated Oct. 14, 2016. The ordinary resolutions to reappoint the auditor, Davidson & Company, and to ratify and approve the amended stock option plan were both approved.

Corporate and exploration update

The company continues to discuss partnership opportunities with respect to certain concessions and the high-grade Apankrah deposit, and review additional opportunities as they are presented. The company's objective is to be active on the ground during the coming dry season.

Technical disclosure

Castle Peak's technical disclosure in this news release has been reviewed and approved by Darren Lindsay, PGeo, Castle Peak's president and chief executive officer, who serves as a qualified person under the definition in National Instrument 43-101.

About Castle Peak

Castle Peak is a Canadian-based exploration company focused on advancing 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, putting Ghana as the second-largest gold producer in Africa with past production of 150 million ounces.

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