On Tuesday June 9th, 2009, Castle Gold Corp. was added to the AGORACOM 100.

With annualized gold production at Castle Gold’s flagship El Castillo mine expected to double from 25,000 ounces to 50,000 ounces by Q1 2010 there are numerous factors that point toward this company having compelling near-term share price appreciation potential:

• With the reduction of strip ratio (waste:ore) to a life of mine figure of 0.6:1, (from 1.4:1) cost per ounce will decrease from $502/oz to the $400/oz - $425 range by Q1-Q2 of 2010.
• Current market capitalization is roughly only 2 x projected annual cash flow of US$20 million, using a cold cost of $425 and a conservative gold price of $825 (well below current prices) at 50,000 ounces of annual gold production.
• The El Castillo mine boasts 1.2 million ounces of measured and Indicated gold resource, including 750,000 ounces of proven and probable reserves.
• Potential exists to significantly increase resources and reserves at the El Castillo mine
• Given the company’s ability to prove up additional resources and reserves through its current resource expansion program, a further ramp up to perhaps 65-75,000 ounces could be considered in 2010.
• The La Fortuna development project (current 300,000 oz) also in Durango, Mexico has gold mineralization open in all directions, and boasts gold intersects of 44.2 metres grading 6.43 grams per tonne gold, 51.3 metres grading 7.39 g/t gold and 30 metres grading 6.47 g/t gold, in addition to significant silver and copper credits. Scoping study work is currently being advanced. Drilling is planned for Q4.

Recent News:

Castle Gold Intersects 42.7 Metres Grading 0.7 Grams Per Tonne Gold as Part of El Castillo Mine Resource Expansion Program

3:45 PM ET, June 9, 2009

Castle Gold Reports Record Quarterly Gold Production and $0.01 Per Share Profit in First Quarter 2009 Operating and Financial Results

3:19 PM ET, May 28, 2009

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