Strategic Partnership

Grizal Enterprises Inc.

Grizal Enterprises Inc. is a British Virgin Islands registered limited liability Company whose investment interests are focused on metals mining and exploration sectors. Grizal currently concentrates its efforts on Ghanaian gold deposits reconnaissance. Grizal supports the exploration objectives of Castle Peak and its Akorade Project in Ghana.

The benefits gained from Grizal's investment in, and strategic partnership with, Castle Peak are numerous. Grizal owns 90% of Nsuta Gold Mining Ltd. (10% Government of Ghana), a gold exploration Company with exploration activities on a 185 sq.km. license located immediately north of Castle Peak's land position. Grizal, through Nsuta Gold and its other interests, has extensive experience working with the Minerals Commission, EPA and other Government departments as well as with local communities. Additional potential synergies such as exploration contracting in the same district also exist.

Grizal and its affiliates, which include Candel Partners SAS and Marsevia Holdings Ltd., have invested approximately $7 million and hold an undiluted interest of 54.1%.

*The resolution approving the creation of Grizal Enterprises Inc. as a new "Control Person" was approved by a majority of votes cast by disinterested shareholders on the matter at Castle Peak's Annual and Special Meeting held April 30, 2012. The resolutions approving the creation of Candel Partners SAS and Marsevia Holdings Ltd. as new "Control Persons" were approved by a majority of votes cast by disinterested shareholders on the matter at Castle Peak's Annual and Special Meeting held July 4, 2013

Click here to view a copy of the Amended Control Person Resolutions from the Annual and Special Meeting of Shareholders on July 4, 2013.

Click here to view a copy of the Grizal Enterprises Ltd. June 12, 2012 Report on Ownership News Release.