Mr. Gordon McCreary reports

CASTLE MOUNTAIN MINING SELECTS M3 ENGINEERING AS LEAD ON FEASIBILITY STUDY AND APPOINTS VETERAN MINE BUILDER WARREN WOODS AS CHIEF OPERATING OFFICER

Castle Mountain Mining Company Ltd., further to its press release dated July 7, 2014, has selected M3 Engineering and Technology Corp. to be the lead consultant on the feasibility study for its Castle Mountain mine. M3 has provided services for over 9,500 projects for about 1,000 clients in its 28-year history, including 500 major mine facility studies.

"The selection of a company of the calibre of M3 shows our commitment to delivering a feasibility study of the highest quality; we have no doubt that it will be delivered on time and maximize the value of the project for our shareholders. Further to this, the appointment of Warren Woods to the position of vice-president, operations, and chief operating officer adds to the expertise and experience on the Castle Mountain team, and to the advancement of the Castle Mountain project," said Gordon McCreary, president and chief executive officer. "Warren's experience in operations, specifically the development and operations of heap-leach mines, is a tremendous addition to the company, and will ensure that we have a sound, well-designed and practical project as we advance our studies and move into the construction phase. Our ability to attract such a high-calibre individual shows the strength of the project and the quality of the existing management team."

Mr. Woods

Mr. Woods joined Castle Mountain in early 2014 as a consultant fulfilling the role of general manger of operations, and he now logically transitions to VP operations and COO. Prior to Castle Mountain, Mr. Woods was at Allied Nevada Gold Corp. where he had joined as vice-president and general manager of the Hycroft mine in 2008. He was responsible for bringing the Hycroft mine out of care and maintenance, and into operating mode. Starting out with an annual budget of under $40-million in 2009 and 168 employees, he took the operation to 415 employees by 2013. Mine production increased from 40,000 tons per day to 230,000 tons per day in that same period. Mr. Woods oversaw the upgrading of all systems and facilities, including the expansion of the leach pad by 12 million square feet.

Prior to joining Allied Nevada, Mr. Woods spent a number of years with NovaGold as both general manager of Nome operations and mine manager at the Rock Creek mine in Nome, Alaska. During his tenure with NovaGold, he led the start-up of the 100,000-ounce-per-year Rock Creek operation from site. Before NovaGold, Mr. Woods spent eight years from 1994 to 2002 working for the Fairbanks Gold Mining Corp. (now Kinross Gold Corp.) at the Fort Knox mine in Fairbanks, Alaska, as mine superintendent. Mr. Woods played a key role in successfully bringing this northern open-pit gold mine into operation.

Mr. Woods began his mining career in 1979 working in the ranks at Round Mountain in Nevada for Round Mountain Mining Corp. (now operated by Kinross), where he ultimately reached the position of mine manager before moving on to Fort Knox in Alaska in 1994.

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