Mr. Farshad Shirvani reports

CASA MINERALS ANNOUNCES CLOSING OF OVERSUBSCRIBED PRIVATE PLACEMENT

Casa Minerals Inc. has closed the oversubscribed non-brokered private placement. The company has closed a second and final tranche of 8,875,908 flow-through (FT) units at a price of 5.5 cents per flow-through unit for gross proceeds of $488,175.

Each FT unit consists of one common share and one-half common share purchase warrant. Each of the 4,437,954 warrants of this final tranche will be exercisable at a price of 7.5 cents until April 16, 2027.

Between the first and the final tranches of this private placement, Casa has closed a total of 13,421,363 FT units at a price of 5.5 cents per FT unit for total gross proceeds of $738,174.97.

Net proceeds from the offering will be used for exploration and development activities on the company's projects in British Columbbia, Canada.

All flow-through shares and warrants comprising the flow-through units will be subject to a four-month-and-one-day hold period, during which any resale or other transfer will be restricted in accordance with applicable securities laws.

In this second tranche, finders' fees of $11,040 in cash will be paid and 200,727 finders' warrants will be issued, which are exercisable at the issue price of 7.5 cents for a period of 24 months from the closing date.

The completion of the private placement remains subject to approval of the TSX Venture Exchange.

About Casa Minerals Inc.

The company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the United States. Casa owns a 90-per-cent interest in the Congress gold mine (Arizona). Additionally, the company owns a 100-per-cent interest in the polymetallic Pitman (B.C.) and has an option to acquire a 75-per-cent interest in the Arsenault VMS (volcanic massive sulphide) property (B.C.).