Castle Peak Appoints Jurgen Eijgendaal To Board Of Directors

August 14, 2012

Vancouver, B.C., August 14, 2012 - Castle Peak Mining Ltd. ("Castle Peak" or the "Company", TSX.V: CAP) is pleased to announce the appointment of Mr. Jurgen Eijgendaal to the Company's Board of Directors.

Mr. Eijgendaal is currently the Managing Director of Ghana Manganese Company Ltd ("GMC"). He is also the Managing Director of Nsuta Gold Mining Ltd. ("NGM"), a 90% Grizal Enterprises Ltd owned (10% Government of Ghana) gold exploration Company with exploration activities immediately north of Castle Peak's land position. Prior to joining GMC, Mr. Eijgendaal worked in South Africa as Managing Director of an underground chromite ore mine. During his more than 14 years in Ghana, Mr. Eijgendaal has served as the President of the Ghana Chamber of Mines for two terms between 2006 and 2010, and is a former member of the Board of Directors of the Ghana Railway Development Authority. Mr. Eijgendaal holds a Master of Arts degree from the University of Leiden and currently resides in Ghana.

Commenting on the appointment, Darren Lindsay, CEO, noted: "The appointment of Jurgen Eijgendaal to the Board of Directors is a significant addition for Castle Peak. Jurgen's background, reputation and experience in the mining industry in Ghana are particularly relevant as Castle Peak moves towards discovery and development on its Akorade Project."

About Castle Peak
Castle Peak Mining Ltd. is a Canadian-based exploration and development 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 with over 150 million proven ounces uncovered and current investment in excess of $3.3 B USD.

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

"Darren Lindsay"
President and Chief Executive Officer

For additional information please visit www.castlepeakmining.com or contact:

Ashlee Utterback, Investor Relations Manager
Tel: 604 681 1466 (X225)
Email: ashleeu@castlepeakmining.com

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 the proposed Offering, the anticipated subscriptions, the proposed use of proceeds and the anticipated timing of the closing of the Offering. 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 Filing Statement 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.