CMM Canabo Medical (delisted)

Castle Mountain Mining Company Limited ("Castle Mountain" or the "Company") (TSX
VENTURE:CMM) is pleased to announce that it has filed a technical report ("the
report") entitled "TECHNICAL REPORT ON THE PRELIMINARY ECONOMIC ASSESSMENT FOR
CASTLE MOUNTAIN PROJECT, SAN BERNARDINO COUNTY, CALIFORNIA" dated May 30, 2014.
The study, completed by RPA Inc. with the collaboration David Penswick, P. Eng.,
and the Castle Mountain technical team was prepared in accordance with National
Instrument 43-101 in support of the Company's April 24, 2014 press release,
which detailed mining plans and economics for the open pit, heap leach Castle
Mountain Mine in San Bernardino County, California. The report can be found on
the Company's website at www.castlemountainmining.com And on SEDAR, at
www.sedar.com. 


The company has resumed drilling at the Castle Mountain Mine. The current
program has several objectives; to provide material for metallurgical testing in
areas scheduled for the first phase of mining, to continue building resources
and lowering the expected strip ratio, and to identify potential higher grade,
near surface mineralization to include in the early stages of mine planning. The
results of the phase two drill program will be incorporated into the Feasibility
Study, which the company expects to deliver before year end. To date, one PQ
size diamond drill hole has been completed with no assays yet received. The
first two holes are directed at collecting material below the Jumbo Pit and
additional holes are planned in mineralized zones below and in proximity to the
historically mined pits. 


About Castle Mountain Mining Company

Subject to certain obligations, Castle Mountain Mining 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 (6,160 acres). On December 11, 2013,
the Company filed the Technical Report for its maiden NI 43-101 mineral resource
estimate, that is available both on SEDAR at www.sedar.com and on the Company's
website at www.castlemountainmining.com. 


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 press release. 


Forward-Looking Statements 

Statements contained in this press 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 the drilling program; the timing and costs of future
development and exploration activities on the Company's properties; success of
development and exploration activities; time lines for technical reports and
further studies, including a prefeasibility or feasibility study; and planned
exploration and development of properties and the results thereof. 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 press release, the
Company has applied several material assumptions, including, but not limited to,
that the current development, 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 inherent to the preliminary
nature of the preliminary economic assessment, risks related to permitting,
water availability, operating cost overruns, and capital cost overruns; risks
related to a sustained and significant reduction in gold prices; risks that the
metallurgical performance of different process feeds are not as anticipated;
risks related to the availability of financing on commercially reasonable terms
and the expected use of proceeds; operations and contractual obligations;
changes in development and exploration programs based upon results of
exploration; 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 development and exploration on the Castle Mountain
Project; certainty of mineral title; community relations; delays in obtaining
governmental approvals or financing; the Company's dependence on one mineral
project; the nature of mineral development, 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 and annual information form for the year
ended December 31, 2013 which is available on SEDAR at www.sedar.com. 

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 press
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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