CMM Canabo Medical (delisted)

Castle Mountain Mining Company Limited (TSX VENTURE:CMM) ("Castle Mountain
Mining", "we" or the "Company") is pleased to announce that RPA Inc. ("RPA") has
been engaged by the Company to prepare a Preliminary Economic Assessment ("PEA")
of the Castle Mountain Gold Project in San Bernadino County, California. RPA was
previously engaged to complete the preparation of the Company's Maiden NI 43-101
Mineral Resource Estimate, which was publicly released on November 21st, 2013
and the Technical Report to be delivered within 45 days of that same press
release. The Company expects this PEA to be delivered in the First Quarter of
2014, and also expects to have a significant cash position remaining in the
treasury after completion of the PEA. 


Gord McCreary, President and CEO stated, "We have elected to undertake a
Preliminary Economic Assessment to further de-risk the Castle Mountain Gold
Project. Creating economic parameters around the recently defined Mineral
Resource Estimate is a critical step in confirming the commercial viability of
the project. Given the large scale and high grade of the Mineral Resource
Estimate, a mining permit in hand, and a history of production at very low
capital and operating costs, we believe the PEA will demonstrate the very high
quality of the Castle Mountain Gold Project." 


About Castle Mountain Mining Company

Subject to certain obligations, Castle Mountain has 100% of the right, title and
beneficial interest in and to the Castle Mountain Venture, a California general
partnership, which owns the Castle Mountain property in San Bernardino County,
California. The Castle Mountain heap leach gold mine produced over one million
ounces of gold from 1992 to 2001, when mining was suspended due to low gold
prices.


The Castle Mountain venture land holdings (7,458 acres total) include patented
claims (1,298 acres), and unpatented claims (3,209 acres), covering
approximately 4,507 acres, plus additional leased claims of approximately 2,951
acres. In June 2013 the Company completed the Phase 1 drill program which tested
several exploration targets at various locations on the property. These drill
results were disclosed in press releases dated June 20, 2013 and July 16, 2013.
On November 21, 2013, the Company announced its maiden NI 43-101 mineral
resource estimate. The press releases are available at the Company's website at
www.castlemountainmining.com. Castle Mountain Mining expects to start a Phase 2
program at the property in early 2014, subject to financing. 


Castle Mountain Mining Company Limited, through its wholly owned subsidiaries
including Castle Mountain Venture, is focused on the exploration and, if
warranted, development of deposits in San Bernardino County, California. The
principal gold mineralization identified to date within the Project are below
and surrounding the historically mined pits on the property including the Oro
Belle-Hart Tunnel, Jumbo, and Lesley Anne-Jumbo South Pits, as well as in the
South Domes area.


Neither the 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 news release. 


Forward-Looking Statements 

Statements contained in this news release that are not historical facts are
"forward-looking information" or "forward-looking statements" (collectively,
"Forward-Looking Information") within the meaning of applicable Canadian
securities legislation and the United States Private Securities Litigation
Reform Act of 1995. Forward Looking Information includes, but is not limited to,
disclosure regarding possible events, conditions or financial performance that
is based on assumptions about future economic conditions and

courses of action; the timing and costs of future exploration activities on the
Company's properties; success of exploration activities; permitting time lines
and requirements; time lines for technical reports; planned exploration and
development of properties and the results thereof; and planned expenditures and
budgets and the execution thereof. Statements concerning mineral resource
estimates may also be deemed to constitute forward-looking information to the
extent that they involve estimates of the mineralization that will be
encountered if the property is developed. In certain cases, Forward-Looking
Information can be identified by the use of words and phrases such as "plans",
"expects" or "does not expect", "is expected", budget", "scheduled", "suggest",
"optimize", "estimates", "forecasts", "intends", "anticipates", "potential" or
"does not anticipate", believes", "anomalous" or variations of such words and
phrases or statements that certain actions, events or results "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved". 

In making the forward-looking statements in this news release, the Company has
applied several material assumptions, including, but not limited to, that the
current exploration and other objectives concerning the Castle Mountain Project
can be achieved and that its other corporate activities will proceed as
expected; that the current price and demand for gold will be sustained or will
improve; that general business and economic conditions will not change in a
materially adverse manner and that all necessary governmental approvals for the
planned exploration on the Castle Mountain Project will be obtained in a timely
manner and on acceptable terms; the continuity of the price of gold and other
metals, economic and political conditions and operations. Forward-Looking
Information involves known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of the Company
to be materially different from any future results, performance or achievements
expressed or implied by the Forward-Looking Information. 

Such risks and other factors include, among others, risks related to the
availability of financing on commercially reasonable terms and the expected use
of proceeds; operations and contractual obligations; changes in exploration
programs based upon results of exploration; future prices of metals;
availability of third party contractors; availability of equipment; failure of
equipment to operate as anticipated; accidents, effects of weather and other
natural phenomena and other risks associated with the mineral exploration
industry; environmental risks, including environmental matters under U.S.
federal and California rules and regulations; impact of environmental
remediation requirements and the terms of existing and potential consent decrees
on the Company's planned exploration on the Castle Mountain Project; certainty
of mineral title; community relations; delays in obtaining governmental
approvals or financing; fluctuations in mineral prices; the Company's dependence
on one mineral project; the nature of mineral exploration and mining and the
uncertain commercial viability of certain mineral deposits; the Company's lack
of operating revenues; governmental regulations and the ability to obtain
necessary licenses and permits; risks related to mineral properties being
subject to prior unregistered agreements, transfers or claims and other defects
in title; currency fluctuations; changes in environmental laws and regulations
and changes in the application of standards pursuant to existing laws and
regulations which may increase costs of doing business and restrict operations;
risks related to dependence on key personnel; and estimates used in financial
statements proving to be incorrect; as well as those factors discussed in the
Company's public disclosure record. Although the Company has attempted to
identify important factors that could affect the Company and may cause actual
actions, events or results to differ materially from those described in
Forward-Looking Information, there may be other factors that cause actions,
events or results not to be as anticipated, estimated or intended. There can be
no assurance that Forward-Looking Information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such statements. 

Accordingly, readers should not place undue reliance on Forward-Looking
Information. Except as required by law, the Company does not assume any
obligation to release publicly any revisions to Forward-Looking Information
contained in this news release to reflect events or circumstances after the date
hereof or to reflect the occurrence of unanticipated events. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Castle Mountain Mining Company
Gordon McCreary
President and CEO
(416) 572-0152
gmccreary@castlemountainmining.com


Castle Mountain Mining Company
Fraser Buchan
VP Corporate Development
(416) 640-1933
fbuchan@83yonge.com
www.castlemountainmining.com

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