Vancouver, B.C., June 13, 2013 - Castle Peak Mining Ltd. ("Castle Peak" or the "Company", TSX.V: CAP) is pleased to announce that the Company has filed on SEDAR (www.sedar.com) a National Instrument 43-101 ('NI 43-101') technical report supporting the preliminary resource estimate of the Apankrah Target area within the Akorade Project announced April 30, 2013. The technical report was prepared in accordance with NI 43-101 Standards of Disclosure for Mineral Properties and Form 43-101F1 by SEMS Exploration ("SEMS") of Accra, Ghana and authored by Andrew Netherwood (AusIMM), Joe Amanor (AusIMM), Simon Meadows Smith (IOM3) and John Coates as fulltime employees of SEMS, all of whom act as independent consultants to the Company. Messrs Netherwood and Amanor are Qualified Persons as defined by NI 43-101.

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 large, 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. The investment inflow for Ghana's mining sector was $2.5 billion from 2009 to 2011, with increasing annual production reaching 3.6 million ounces in 2011 (source: Ghana Business News, November 11, 2012).

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

"Darren Lindsay"
President and Chief Executive Officer

For the full technical report on the Apankrah Project please visit the Public Filings section under Investors at www.castlepeakmining.com. For additional information please contact:
Marlo Hamer-Jackson, Investor Relations Manager
Tel: 604 681 1466 (X225)
Email: marlohj@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. 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.