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To: Andrew~ who wrote (13115)	6/29/2015 9:57:00 AM
From: Goose94	Read Replies (1) \| Respond to of 202902

Castle Mountain changes name/symbol to NewCastle Gold (NCA-V) June 29, '15 - NR NewCastle Gold Ltd. formerly Castle Mountain Mining Company is pleased to announce the results of its Annual and Special Meeting of Shareholders held in Toronto on June 25, 2015, including the approval of a name change to NewCastle Gold Ltd. by the Company's shareholders and the Company's Board of Directors (the "Board"). The name change to NewCastle Gold Ltd is effective June 26, 2015, and it is expected that the Company's common shares will trade on the TSX Venture Exchange under the ticker "NCA" on Tuesday June 30, 2015. The Board believes the new name will better communicate the Company's updated strategic plan to unlock shareholder value to markets, shareholders and others. The Company has also launched a new website reflecting the name change: www.newcastlegold.ca. At the Annual and Special Meeting of Shareholders, the following directors were elected: David Adamson, Fraser Buchan, William Cavalluzzo, David Reid, Colin Sutherland, Darin Wagner and Mark Wayne (Chairman). In addition, the Company's shareholders reappointed Collins Barrow, Toronto LLP as auditors of the Company, approved a new fixed stock option plan, and approved and ratified option grants made to certain directors and officers of the Company. For further information on the resolutions voted on by the Company's shareholders, please review the Company's management information circular dated May 21, 2015, which is available on SEDAR at www.sedar.com. "I am very pleased to announce the name change to NewCastle and to have received the support from the Company's shareholders for all resolutions put forward at the meeting. I look forward to working with the Board as we continue to optimize the Castle Mountain project. On behalf of the Board, I would like to thank Greg Lipton for his years of service as a director of the Company. Greg did not stand for re-election this year; however, his expertise and insight have been valuable in advancing the project since its acquisition. The Board wishes him the best in all of his future endeavours," commented David Adamson, Chief Executive Officer. About NewCastle Subject to certain obligations, NewCastle has 100% of the right, title and beneficial interest in and to the Castle Mountain Venture, a California general partnership, which owns the Castle Mountain property in San Bernardino County, California, (7,458 acres in total). The Castle Mountain heap leach gold mine produced over one million ounces of gold from 1992 to 2001, when mining was suspended due to low gold prices. 1A National Instrument 43-101 - Technical Report for the initial mineral resource estimate prepared by RPA Inc. was filed on December 11, 2013. The resource estimate is 182 Mt grading 0.6 g/t Au for 3.15 million ounces in the Indicated category and 63.7 Mt grading 0.57 g/t Au for 1.06 million ounces of gold in the Inferred category. Resources were calculated using a cut-off of 0.14 g/t gold. On June 5, 2014, the Technical Report for its Preliminary Economic Assessment, prepared by RPA Inc., was filed. Static case economics, at a gold price of $1300/oz, show an NPV (5% discount rate) of $122 million and post-tax IRR of 29.7%. Both documents are available on SEDAR at www.sedar.com and on the Company's website at www.newcastlegold.ca. Neither the 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 news release. NewCastle Gold Ltd. Marty Tunney 416-572-0151 mtunney@newcastlegold.ca