Castle Peak announces shares for debt issuance

Vancouver – Castle Peak Mining Ltd. (TSXV: CAP) is pleased to announce that following its press releases dated April 27, 2021 and October 1, 2021, he settled an aggregate $ 442,419.18 debt to Allan Green and Candel & Partners SAS by issuing a total of 29,494,612 ordinary shares of the Company at a deemed price of $ 0.015 per share.

Ordinary shares issued to the Company’s creditors are subject to a holding period in British Columbia expiring on May 1, 2022.

Contact:

Iyad Jarbou

Phone. : 604.362.7685

Email: [email protected]

The Web: https://castlepeakmining.com

FORWARD-LOOKING AND OTHER CAUTIONARY INFORMATION

Except for statements of historical fact, this press release contains certain “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws. This press release may contain statements that are forward-looking statements and are subject to various risks and uncertainties relating to specific factors disclosed under “Risk Factors” and elsewhere in the Company’s periodic filings with Canadian securities regulators. This information contained herein represents the best judgment of management at the date hereof based on the information currently available. Therefore, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this press release are made as of the date of this press release. The Company does not assume the obligation to update any forward-looking statement, except as required by law.

The securities offered have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in United States, or to, or on behalf of or for the benefit of, we persons who are not registered or an applicable exemption from registration requirements. This press release does not constitute an offer to sell or the solicitation of an offer to buy and there will be no sale of securities in jurisdictions in which such an offer, solicitation or sale would be illegal. Any offer made will be in accordance with available prospectus and registration exemptions and with the restricted persons to whom the securities may be sold under the laws of those jurisdictions and by the persons authorized to sell the securities in accordance with the laws of those jurisdictions.