Castle Peak Mining Ltd. Investor Presentation

“Strategic Gold Project in Ghana’s Ashanti Belt”
Corporate Presentation – August 2012

TSX.V: CAP|castlepeakmining.com

Forward Looking Statements
The information contained in this presentation is provided by Castle Peak Mining Ltd. (“Castle Peak” or the “Company”) for informational purposes only
and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Castle Peak or other financial products.
The information contained herein is not investment or financial product advice and is not intended to be used as the basis for making an investment
decision. The views, opinions and advice provided in this presentation reflect those of the individual presenters, and are provided for information
purposes only. The presentation has been prepared without taking into account the investment objectives, financial situation or particular needs of any
particular person. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness or correctness of the
information, opinions and conclusions in this presentation. To the maximum extent permitted by law, none of Castle Peak nor its directors, officers,
employees or agents, nor any other person accepts any liability, including, without limitation, any liability arising out of fault or negligence, for any loss
arising from the use of the information contained in this presentation.

Except for statements of historical fact, this presentation contains certain “forward-looking information” and "forward-looking statements” within the
meaning of applicable securities laws. Forward-looking statements and information are frequently characterized by words such as “plan”, “expect”,
“project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur and
include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities,
expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve 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 statements. Such factors include, among others, risks related to actual
results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or
dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing;
and delays in obtaining governmental approvals or financing, as well as those risk factors identified in the Company’s filing statement filed under the
Company’s profile on SEDAR. Castle Peak undertakes no obligation to update forward-looking information if circumstances or management’s estimates or
opinions should change except as required by law. The reader is cautioned not to place undue reliance on forward-looking statements.

Castle Peak’s disclosure of technical information in this presentation has been reviewed and approved by Darren Lindsay, P. Geo., Castle Peak’s President,
who serves as a Qualified Person under the definition of National Instrument 43-101. Castle Peak Mining’s properties are early stage exploration properties
and do not contain any mineral resources as defined by National Instrument 43-101. The potential quantities and grades disclosed in this presentation are
conceptual in nature and there has been insufficient exploration to define a mineral resource for the targets disclosed herein. It is uncertain if further
exploration will result in these targets being delineated as a mineral resource.

2

Investment Highlights

Canadian-based exploration and development company focused on advancing
greenfields and early stage gold projects

• Experienced management team with respected track records &
established relationships
• Located in politically stable, mining friendly jurisdiction with favourable
infrastructure
• Strategic land package in the southern Ashanti belt, adjacent to several
producing mines
• Quality exploration strategies & a systematic approach to uncovering
abundant resource potential

3

Financial Summary
Issued and Outstanding Common Shares 76,096,693

Warrants 23,519,039

Stock Options 4,240,000

Fully Diluted 103,855,732

• Warrants:
• 1,855,511 exercisable at $0.50 expiring September 2012
• 382,900/457,100 exercisable at $0.25 expiring March 2013/June 2013
• 2,735,000/3,265,000 exercisable at $0.50 expiring March 2014/June 2014*
• 14,823,528 exercisable at $0.25 expiring July 2014**
*CAP holds the right to direct early exercise if shares trade for 10 consecutive at a volume weighted price of $0.75 or greater
**CAP holds the right to direct early exercise if shares trade for 10 consecutive at a volume weighted price of $0.50 or greater

4

Financial Summary

• Listed March 9, 2011
($0.35 issue)

• Insiders hold ~48%
(undiluted)

• Market Capitalization:
~$12 million

• Strategic Partnership:
Grizal Enterprises Ltd.
$4M investment to
hold ~23% (undiluted)

5

Management Team
Darren Lindsay, BSc, PGeo – President & Chief Executive Officer
Registered geoscientist with 15 years international experience. Key player in developing the multi-million
ounce Hope Bay gold deposits with Miramar Mining and later Newmont Mining, prior experience with BHP
Minerals, Inmet Mining, and Kodiak Exploration

Paula Rogers, CA - Chief Financial Officer
Chartered Accountant with 15 years international experience. Corporate Treasurer with Wheaton River
Minerals before becoming Vice-President, Treasurer with Goldcorp, prior experience with Finning
International and Deloitte and Touche and is currently Director and Audit Committee Chair for Timmins Gold
Corp.

Clive Arthur, M.Sc, BSc – Vice President Exploration
Economic geologist with over 30 years experience in the exploration and mining industry. 20+ years
experience in Africa with Anglo-American, African Eagle, JCI and Anglovaal Ltd. Prior experience with
Kazakhstan Minerals Corp and as a consultant for projects in Eastern Europe and the FSU. Most recently he
worked as Exploration Manager for European Goldfields in Romania

Henry Sowah, BSc, MBA – Exploration Manager
Native Ghanaian with more than 8 years experience in mining in West Africa, student with Ashanti GoldFields

Ashlee Utterback – Investor Relations Manager
10 years experience in business development, corporate communications, sales and marketing management

6

Board of Directors
Brian Lock (Chairman) - 30 years experience in mining, founder of Proton International Engineering Corp.
(devoted to development of junior mining projects), EVP of Frontier Pacific Mining Corporation since early
2006 until Eldorado Gold’s takeover in July 2008. Currently Director of Scorpio Gold Corporation, Canaco
Resources Inc. and San Marco Resources Inc.

Randy Smallwood, P.Eng - Founding member and current President and CEO of Silver Wheaton Corp.,
geological engineer with original Wheaton River Minerals who played instrumental part in 2005 merger
with Goldcorp into one of the largest, most profitable gold companies in the world. Former Director of
Ventana Gold Corp., current Director of Tigray Resources Inc., Geologix Explorations Inc. and Riva Gold
Corp.

Peter J. Hawley, P.Geo – President, CEO and Director of Scorpio Gold Corp. and Chairman and Director of
Scorpio Mining Corp. Director of Maxtech Ventures Inc., Chimata Gold Corporation and Abitex Resources
Inc.

Darren Lindsay, BSc, PGeo - President & Chief Executive Officer of Castle Peak Mining Ltd.

Darryl Cardey, CA - Chartered Accountant and partner with CDM Capital Partners, co-founder of
Underworld Resources (bought by Kinross May 2010), CFO of Crazy Horse Resources, and Minaurum Gold

7

Board of Directors
Randal Gindi - Founder of Castle Peak and has been involved in the mining industry since 2001. Also a
principal in multiple real estate corporations focused on property development and management

Allan Green - President and owner of Consellior SAS, a French company active in strategic advisory
services to public and private companies. He is an active investor in both public and private sectors and
has developed strong relationships within European financial institutions

Jurgen Eijgendaal - Managing Director of Ghana Manganese Company Ltd and Nsuta Gold Mining Ltd.,
a 90% Grizal Enterprises Ltd owned (10% Government of Ghana) gold exploration Company with
exploration activities immediately north of Castle Peak’s land position. Previously Managing Director of
an underground chromite ore mine in South Africa. With more than 14 years in Ghana, he has served as
the President of the Ghana Chamber of Mines for two terms between 2006 and 2010 and former
member of the Board of Directors of the Ghana Railway Development Authority

8

Advisory Committee
Dr. David I. Groves - Currently Director of Project Development for Canaco Resources Inc. & Tigray
Resources Inc. and an Emeritus Professor at the Centre for Exploration Targeting. Has been honoured as
a Fellow of the Australian Academy of Science and received eleven medals for his research over his
career, most recently the prestigious Penrose Gold Medal of the Society of Economic Geologists (SEG)
and the SGA-Newmont Gold Medal of SGA

Andrew Lee Smith, BSc, PGeo - More than 20 years experience in exploring, developing and operating
base and precious metal mining and gem projects. Currently President and CEO of Canaco Resources &
Tigray Resources Inc., previously VP, Exploration with Aurizon Mines, and co-founder of True North Gems

9

Mining Friendly Jurisdiction
Ghana is the second largest gold producer in
Africa with past production of 150 million
ounces. Castle Peak’s Akorade project is located
in southwest Ghana in the southern portion of
the Ashanti volcanic belt.
• Stable governmental system since Ghana
became a British colony

• Rated an investment grade country

• Favourable mining and tax code

• Import taxation excluded on equipment for
foreign mining companies

• Excellent infrastructure and well trained labour
force available

10

Favourable Infrastructure
Castle Peak’s large land position lies 20
kilometres south of the town of Tarkwa,
the regional mining centre.

• Located between the mining centre of
Tarkwa and the port city of Takoradi

• Tarkwa-Takoradi road runs through
CAP properties

• Projects are on the national power
grid

• Established mining infrastructure due
to proximity to multi-million ounce
producers
* Information on surrounding properties was obtained from publicly available sources. Although believed to be reliable, management of the
Company has not independently verified such information.

11

Strategic Land Package
Castle Peak holds ~225 square kilometres
in the southern Ashanti Gold Belt.

• There are currently eight producing
gold mines and multiple development
and exploration projects located on
the southern Ashanti Belt

• Five of eight producers, accounting for
more than 50 million ounces in gold
reserves and resources, lie within 50
kilometres of Castle Peak’s Akorade
project

* Information on surrounding properties was obtained from publicly available sources. Although believed
to be reliable, management of the Company has not independently verified such information.

12

Akorade Project
Nine contiguous licenses covering two key
structural trends for gold deposits.
• Nine Concessions: Bonsaso (90%), Dompem
(100%, 2.5% NSR), Enyinase (100%, 2.5% NSR), POW
(82.5%), Asuogya (95%), Ayiem (95%), Nkwanta
(95%), Kedadwen (95%) and Great Yorkshire
(100%)

• Cross Structures on Birimian-Tarkwaian
Boundary host similar structural controls as
deposits currently being mined by nearby
Goldfields (Damang) and Anglogold-Ashanti
(Iduapriem)

• Flexures on N-S Structure host similar
structural and geological targets as Golden
Star (HBB-FatherBrown) and Endeavor
Mining (Nzema)

13

2012 Exploration Program

Approved $5M exploration program: currently being reviewed
• Drill Program: split between follow-up (Apankrah, Dansuom), and target evaluation
(Nana, Scorpio) and geophyiscal anomalies
• Ground geophysics over key structural and geological targets
• Mapping and sampling programs: target generation and prioritization
• New target evaluation: RAB drilling scheduled late in the year
• Position for definition or aggressive follow up on best target(s)

14

Targets – Drill Highlights
1. Apankrah Target (Nkwanta):
• 10.0m of 6.7 g/t Au incl. 2.5m of 10.2 g/t Au
• 9.8m of 6.8 g/t Au incl. 1.0 m of 51.8 g/t Au
• 20m of 3.2 g/t Au, incl. 2.8m of 17.4 g/t Au
• 7.5m of 7.2 g/t Au, incl. 2.2m of 24.2 g/t Au

2. Nana Target (Nkwanta):
• 3.0m of 1.9 g/t Au

3. AA Veins Target (Asuogya/Ayiem):
• 16.5m of 1.1 g/t Au
• 13.0m of 1.0 g/t Au

4. Dansuom Target (POW):

* ~9500 metres drilled to date

15

Nkwanta Concession - Targets
Combined these targets have the
potential to be an anchor
resource for CAP.V
1. Apankrah Target: High potential based on
productive ENE structural orientations
and initial high grade drill results
2. Scorpio Target: Strong chargeability
based on IP survey. Appears to be a
linking structure between the Apankrah &
Nana targets
3. Nana Target: Parallel structure north of
Apankrah. Evaluating an inferred shoot
based on drill results and the geometry
confirmed at the Apankrah target
4. Un-named Target: Parallel structure
located north of the Nana target. Active
with artisanal mining

16

Apankrah Target
Encouraging results to date;
reflective of adjacent producers
which lie on similar structural
corridors.
• Follow-up drilling indicated that
the shoot is still open on strike at
depth to the west, down dip and
down plunge

• Initial results partially defined the
geometry of the previously
inferred higher grade shoot

• Minimal arsenopyrite in alteration
halo – not associated with higher
grade assay values (free gold)

• Drilling continues on target

17

Dansuom Target
An open 1,400m x 200m gold-in-soil
anomaly defined by gold values >30 ppb.
• Drilling confirmed a minimum strike of
500m to 100m depth and remains open
in all directions

• The structural trend is generally north-
south and appears to be a splay off of
the large regional structure

• A key structural intersection within the
target area occurs where easterly
trending structures intersect the north-
south target zone

• Additional field work and sampling is
currently taking place within the target
area

18

2012 Target Generation
• 25 target areas covering all 9 concessions

• Focused regional and target scale geological
mapping, prospecting & sampling

• Further evaluate the Asuoyga/Ayiem 9km
gold in soil anomaly

• Select target refinement – geophysics,
auger drilling & trenching

• Prioritize, compile & evaluate new highly
prospective targets

• Review and compare new targets with pre-
existing targets

• Propose Phase 1 drill program on highest
potential targets

19

Exploration Strategy
Next Steps:
• Continued follow up on high potential Apankrah target, including linking structures

• Continued field work for target generation, evaluating inferred structure and
geology by mapping, prospecting and soil & auger sampling

• Complete road construction and improve access to Dansuom target leading to
follow-up

• Identify additional key areas to review and compare to current results and data

• Follow-up strategically & aggressively on prioritized high potential targets and
deliver the greatest resource potential

• Continue to evaluate the land package for additional resource potential

20

Why Castle Peak?
Mission Statement:
Castle Peak is a junior exploration company striving to identify grassroots targets and under-valued gold assets in
Ghana with the potential for advancing to near term development. The Company endeavours to operate in a safe and
environmentally sound manner while continuing to develop working relationships with government officials and
members of the local communities.

• Management team with positive relationships and respected track records
• Located in the politically stable, mining friendly jurisdiction of Ghana
• ~225 sq. km’s covering two key structural trends for gold deposits in the
Southern Ashanti belt
• Quality systematic exploration program
• Encouraging Phase I results similar to neighbouring deposits & prospects
hosting 50 million ounces in gold reserves and resources

21

Contact

Corporate Office Ghana Office
#510 – 999 West Hastings Street № 22 Third Close
Vancouver, BC V6C 2W2 Airport Residential Area
Tel: 604.681.1466 Accra, Ghana
Fax: 604.681.1404 Tel: 011.233.302.736.024
Email: info@castlepeakmining.com
Twitter: @Castlepeakgold

Investor Relations
Ashlee Utterback
Investor Relations Manager
Tel: 604.681.1466 (X225)
Email: ashleeu@castlepeakmining.com

Darren Lindsay
President & CEO
Tel: 604.681.1466 (X222)
Email: darrenl@castlepeakmining.com


Appendix
– Achievements
• Secured ~225 km2 land tenure covering a portion of the prolific Tarkwaian-
Birimian boundary

• Initiated and completed first ever drill program on this land package: 6,814m

• Drill evaluated four targets; two of which have potential to host near term
resources

• Performed project wide geophysical VTEM survey: 3,425km

• Completed 43-101 technical reports on the Nkwanta, POW, Asuogya and Ayiem
concessions

• Compiled and reviewed all historical streams, soil, auger sampling and trenching

• Completed target generation on all concessions based on geophysical,
geochemical and interpreted geology

23

Appendix
– Asuogya-Ayiem Concessions – AA Veins Target
• Largest anomaly 9500m x 1000m on
Asuogya-Ayiem trend on +20km long
structure (Regional feature)
• Strong conductance zone (VTEM)
shallow and deep signatures
• Initial drilling completed on edge of
strong conductance zone in area of
active artisanal mining activity
• Evaluated -50m and -100m level 16.5m
@ 1.1 g/t and 13m @1.0 g/t Au and
additional narrower intercepts on
weakening structure
• Further target generation and review
for additional Phase I testing within
conductive zone and in southern
portion of gold in soil anomaly


Appendix
– VTEM/Magnetic/Radiometric Airborne Geophysical Survey

• Completed a 3,425 km airborne survey
over entire ~225 sq. km land package

• First modern compilation of the geology at
a concession and prospect level

• Confirmed initial interpretations of
controls, specifically, flexures on the
inferred north-south structures and cross
structures on Birimian-Tarkwaian
boundary resemble similar controls for
deposits currently being mined in the area


Castle Peak Mining Ltd. Investor Presentation

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