Castle Peak Announces Changes to Its Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 27, 2014) - Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (TSX VENTURE:CAP), announces the resignation of Peter Hawley from its Board of Directors ("Board").

Mr. Hawley has been instrumental in the identification and support of the Castle Peak land package and continues to be an ardent supporter of the current and future potential of the licenses held by Castle Peak. A valued contributor both on the ground and at Board level since the initial identification of the land package in 2006, through acquisition and listing of Castle Peak in 2011. The Company would like to thank Mr. Hawley for his current and on-going commitment and wish him the best in his future endeavours.

Castle Peak's Board of Directors is now comprised of Brian Lock (Chairman), Darren Lindsay, Randal Gindi, Allan Green and Jurgen Eijgendaal.

About Castle Peak

Castle Peak Mining Ltd. is a Canadian-based exploration company focused on advancing greenfields and 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.

On behalf of the Board of Castle Peak Mining Ltd.:

Darren Lindsay, President and Chief Executive Officer

FORWARD-LOOKING STATEMENTS

Except for statements of historical fact, this news release contains certain 'forward-looking information' and 'forward-looking statements' within the meaning of applicable securities laws including statements regarding anticipated gold recoveries and future exploration and development at the Akorade Project. Such forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to known and unknown risks, uncertainties and assumptions that could cause actual results to vary materially from the anticipated results or events predicted in these forward-looking statements, including those risk factors identified in the Company's Annual MD&A filed under the Company's SEDAR profile. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date of this release. Except as required by applicable law, Castle Peak disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.