Monday, August 11, 2008

Castle Gold Attains Commercial Production At Its El Castillo Gold Mine, Mexico

CASTLE GOLD CORPORATION (Castle Gold, the Company) (TSX Venture Exchange: CSG) is pleased to announce that effective June 30, 2008 it completed the commissioning stage of production at its 100% owned El Castillo Mine, Durango State, Mexico. Accordingly, effective July 1, 2008 the Company will begin reporting quarterly financial results of operations from the El Castillo.

During the second quarter 2008, the El Castillo operation ran at better than 80% of budgeted levels in all areas of waste and ore mining, crushing, grade of ore mined and stacked on heaps, recoveries and gold production. Production during the quarter totalled 4,692 ounces of gold. Unaudited cash cost of production (mining, processing, capital, G & A, and other costs) during the quarter totalled US$523 per ounce of gold produced. Unaudited cash cost of production, less construction and capitalized stripping, during the quarter totalled US$464 per ounce of gold produced.

Darren Koningen, Vice President Mine Development at Castle Gold commented on the mine having attained commercial production, stating: "We're very pleased with how the ramp-up to commercial production has gone at Castillo. This success is a reflection of the abilities and commitment of Castle's experienced mine operating team. We've achieved good operating results relative to our initial plans, and costs consistent with budget. Having attained commercial production rates over a sustainable period we're already planning for improved performance going forward as we endeavour to enhance the potential of the El Castillo mine."

About Castle Gold

Castle Gold Corporation is a growth oriented gold producer with projects focused in the America's. The Company owns a 100% interest in the El Castillo gold mine in Mexico and a 50% interest in the El Sastre gold mine in Guatemala. Castle Gold is also advancing exploration and development work at its La Fortuna gold-silver-copper project in Mexico and at its El Sastre and El Arenal project in Guatemala.

For further information please contact:

Thomas Atkins
President and CEO
or
Rory Quinn
Manager Investor and Public Relations

Tel: 416 214 4809 or Toll Free: 1 866 646 3274

or by fax: 416 366-7421, email: info@castlegoldcorp.com or visit our website: www.castlegoldcorp.com.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.

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Castle Gold Corporation

	PRODUCER
	CODE : CSG.V
	ISIN : CA22122T1030

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Castle Gold Corp. is a gold producing company based in Canada.

Castle Gold Corp. produces gold, silver in Guatemala and in Mexico.

Its main assets in production are EL SASTRE GOLD MINE, EL SASTRE, EL SASTRE - EL ARENAL, EL SASTRE BRIDGE ZONE and EL SASTRE - LUPITA ZONE in Guatemala and EL CASTILLO MINE in Mexico and its main exploration property is LA FORTUNA DURANGO in Mexico.

Castle Gold Corp. is listed in Canada and in United States of America. Its market capitalisation is CA$ 776 300 as of today (US$ 596 819, € 545 553).

Its stock quote reached its highest recent level on January 18, 2008 at CA$ 0.75, and its lowest recent point on July 30, 2015 at CA$ 0.01.

Castle Gold Corp. has 77 630 000 shares outstanding.

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Annual reports of Castle Gold Corporation

Annual Report 2007

Financings of Castle Gold Corporation

6/25/2014

Cosigo announces non-brokered private placement

Nominations of Castle Gold Corporation

11/24/2014	Cosigo announces resignation of two directors
7/2/2008	Appoints New Chief Financial Officer and Manager of Investor...

Financials of Castle Gold Corporation

11/25/2009	Reports Third Quarter 2009 Operating and Financial Results
8/26/2009	Reports Second Quarter 2009 Operating and Financial Results
1/23/2009	(El Castillo Mine)Increase in Fourth Quarter 2008 Production
11/27/2008	Third Quarter Financial Results
6/20/2008	Files Q1-2008 Financial Statements Indicating First Quarter ...
6/13/2008	Filing Of First Quarter Financial Statements Delayed Cease T...
9/7/2007	Records Strong Second Quarter Results: Cash Costs Fall To $1...

Project news of Castle Gold Corporation

11/9/2009	(La Fortuna Durango)Reports Up to 39 Grams Per Tonne Gold and Up to 1,500 Grams ...
10/21/2009	(El Castillo Mine)Q3-2009 Operating Performance-El Castillo Gold Production In...
7/21/2009	(El Castillo Mine)Operation of Remaining New Equipment Fleet at El Castillo Mi...
6/9/2009	(El Castillo Mine)Intersects 42,7 Metres Grading 0,7 Grams Per Tonne Gold as P...
5/21/2009	(El Castillo Mine)Intersects 109.7 Metres Grading 0.7 Grams Per Tonne Gold
3/2/2009	(El Castillo Mine)Commences Drill Program to Test Gold Resource Expansion Pote...
2/24/2009	(El Castillo Mine)625,000 Ounce Transition/Sulphide Zone Gold Resource Below E...
12/2/2008	(La Fortuna Durango)Completes Phase 1 of Metallurgical Studies for La Fortuna Pr...
11/12/2008	(La Fortuna Durango)43-101 Technical Report
8/20/2008	(El Castillo Mine)Reports Enhanced Resources And Reserves And Resulting Increa...
8/11/2008	(El Castillo Mine)Attains Commercial Production At Its El Castillo Gold Mine...
1/16/2008	(La Fortuna Durango)Commences Drilling at La Fortuna Gold Project
1/10/2008	(El Castillo Mine)Updates Progress at Castillo Mine

Corporate news of Castle Gold Corporation

8/3/2015	Cosigo Requests NEX Listing
7/6/2015	Cosigo Appoints Officers
5/11/2015	IIROC Trading Halt - CSG
4/29/2015	IIROC Trading Resumption - CSG
4/27/2015	Cosigo Board Structures Acting Positions
3/7/2015	Cosigo Board Appoints Two New Members
2/23/2015	Cosigo Board and Management Resign
2/18/2015	IIROC Trading Halt - CSG
11/26/2014	Cosigo Engages Financial Advisory Services
10/15/2014	Cosigo announces formation of strategic committee; Provides ...
7/31/2014	Cosigo Resources Ltd. - President's Update
2/4/2014	Cosigo reports further gold-bearing intercepts at Machado
12/20/2013	Cosigo intersects gold in initial two drill holes at Machado
12/9/2013	Cosigo adds Romero as Colombia Business Advisor
6/18/2013	Cosigo Resources Ltd. Closes $1,113,775 Private Placement
5/21/2013	Cosigo Resources announces non-brokered private placement
12/30/2009	Over 90% of Castle Gold Shares Tenderedto Argonaut Offer-Arg...
12/15/2009	Reminds Shareholders to Tender to Argonaut Gold Cash Offer
11/24/2009	Provides an Update on Argonaut Gold Cash Offer
11/18/2009	Closes Financing & Provides Up
10/30/2009	Management Change
10/28/2009	Argonaut Gold Seeks to Acquire Castle Gold for a Minimum of ...
7/16/2009	Provides Update on Strategic Alternative Review Process
6/18/2009	Provides Update on Strategic Alternative Review Process
5/28/2009	Reports Record Quarterly Gold Production and $0=2E01 Per Sha...
3/2/2009	Committee Update and Shareholder Rights Plan
11/5/2008	Announces Stock Repurchase Program
9/30/2008	(CSG) at Toronto Cambridge Resource Investor Conference Oct...
9/26/2008	Provides Update on Corporate Restructuring Initiatives
9/10/2008	Announces Change to Its Board of Directors
7/4/2008	Announces Results of Annual General Meeting
9/27/2007	Sells First El Castillo Gold At Us $715 Per Ounce
9/17/2007	Announces Early Exercise Warrant Incentive Amendment
9/11/2007	presenting at the 2007 Annual Resource Investors Forum in S...

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