Castle Peak Announces Changes to Its Board of Directors
VANCOUVER, BRITISH COLUMBIA, Nov 22, 2012 (Menafn - MARKETWIRE via COMTEX) --Castle Peak Mining Ltd. ('Castle Peak' or the 'Company') (tsxventure:CAP), announces the resignation of Darryl Cardey and RandySmallwood from its Board of Directors ("Board"). The Company alsoannounces the appointment of Mr. Smallwood to the Advisory Committee.
Mr. Cardey has been a valued member of the Board for the past 18months, and the Company would like to thank him for his commitmentand wish him the best in his future endeavours. Castle Peak wouldalso like to thank Mr. Smallwood for his service on the Board sincethe Company's incorporation, and looks forward to continuing to worktogether on a consultative basis.
Mr. Smallwood reports, "I am pleased to remain involved in thedevelopment of Castle Peak's Akorade project. It is one of the mostprospective land packages in Ghana's southern Ashanti belt, and Ilook forward to supporting the management team as they advancetowards discovery."
Castle Peak's Board of Directors is now comprised of Brian Lock(Chairman), Peter Hawley, Darren Lindsay, Randal Gindi, Allan Greenand Jurgen Eijgendaal.
About Castle Peak
Castle Peak Mining Ltd. is a Canadian-based exploration anddevelopment company focused on advancing greenfields and early stagegold projects. The Company holds a strategic land package in theAshanti belt adjacent to several producing gold mines in Ghana, WestAfrica. The Ashanti belt is known as one of the most prolific goldbelts in the world, putting Ghana as the second largest gold producerin Africa with past production of greater than 150 million ounces.The investment inflow for Ghana's mining sector was 2.5 billion from2009 to 2011, with increasing annual production reaching 3.6 millionounces in 2011 (source:Ghana Business News)(source:November 11)(source:2012).
On behalf of the Board of Castle Peak Mining Ltd.:
Darren Lindsay, President and Chief Executive Officer
Except for statements of historical fact, this news release containscertain 'forward-looking information' and 'forward-lookingstatements' within the meaning of applicable securities lawsincluding statements regarding proposed exploration, sampling anddrilling at the Akorade Project and statements concerning theanticipated results of that exploration, sampling and drilling. Suchforward-looking statements are based on the opinions and estimates ofmanagement at the date the statements are made, and are subject toknown and unknown risks, uncertainties and assumptions that couldcause actual results to vary materially from the anticipated resultsor events predicted in these forward-looking statements, includingthose risk factors identified in the Company's Annual MD&A and FilingStatement filed under the Company's SEDAR profile. As a result,readers are cautioned not to place undue reliance on theseforward-looking statements. The forward-looking statements containedin this news release are made as of the date of this release. Exceptas required by applicable law, Castle Peak disclaims any intentionand assumes no obligation to update or revise any forward-lookingstatements, whether as a result of new information, future events orotherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (asthat term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this release.
Castle Peak Mining Ltd.
President and Chief Executive Officer
SOURCE: Castle Peak Mining Ltd.
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