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Clavis

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Options Grant

posted on Mar 05, 2009 10:38AM

March 5, 2009

Castle Gold Options Grant

TORONTO, ONTARIO--(Marketwire - March 5, 2009) - CASTLE GOLD CORPORATION (Castle Gold, the Company) (TSX VENTURE:CSG) announces that an aggregate of 700,000 options to purchase common shares have been granted to various of its operations employees at an exercise price of $0.44 and 200,000 options to purchase common shares have been granted to a director at an exercise price of $0.44, all options expiring on January 21, 2014. The Company further announces a grant of 75,000 options to purchase common shares have been granted to a director at an exercise price of $0.57 expiring on March 4, 2014.

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.

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TSX-V Trading Symbol:                 CSG
Total Shares Outstanding:          75.3MM
Fully Diluted:                     81.8MM
52-Week Trading Range:     C$0.15 - $0.63
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