CST: 25/10/2016 15:48:37   

Castle Resources Announces Changes in Management

287 Days ago

TORONTO, ONTARIO--(Marketwired - Jan 11, 2016) - Castle Resources Inc. (CSE:CRI) ("Castle" or the "Company") is pleased to announce the appointment of Ms. Jennifer Ta, CA, CPA as Chief Financial Officer ("CFO") effective January 8, 2016. Ms. Ta replaces Mr. Eric Szustak, who resigned. The Company would like to thank Mr. Szustak for his contributions as CFO of Castle.

Ms. Ta is a financial executive with more than 17 years of comprehensive financial management and operations experience with public and private companies. As a Chartered Accountant Ms. Ta has a wide range of corporate experience in senior financial roles in the resource sector and with national accounting firms. Ms. Ta has worked closely with Castle for the past 8 years.

Tim Mann, President and Chief Executive Officer of Castle said, "We are pleased that Jennifer has accepted Castle's CFO role, one in which we are confident she will perform exceptionally well. Jennifer's in-depth understanding of the mineral exploration and development industry and financial reporting through her experience with numerous complex transactions, uniquely qualifies her to lead the financial functions of our Company. We expect that Jennifer will be a valuable addition to our executive management team.

About Castle Resources

Castle is a Toronto-based junior mineral development company focusing on high-quality, advanced projects. The Company is the 100% owner of the past producing Granduc Copper Mine in Stewart B.C. For more information please visit the Castle Resources' website at www.castleresources.com


Certain statements contained in this news release may contain forward-looking information within the meaning of Canadian securities laws. Such forward-looking information is identified by words such as "estimates", "intends", "expects", "believes", "may", "will" and include, without limitation, statements regarding the Company's plan of business operations (including plans for the proposed Consolidation), estimates regarding mineral resources, projections regarding mineralization and projected expenditures. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, risks inherent in the mining industry, financing risks, labour risks, uncertainty of mineral resource estimates, equipment and supply risks, title disputes, regulatory risks and environmental concerns. Most of these factors are outside the control of the company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Castle Resources Inc.
Tim Mann
Chairman, Interim President & CEO