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Castle Gold Corporation: Castle Gold Options Grant

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  Published in House and Home on Thursday, March 5th 2009 at 12:38 GMT, Last Modified on 2009-03-05 12:39:09 by Market Wire
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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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Neither 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 release.