Ghana Gold Project Presentation

“Strategic Gold Project in Ghana’s Ashanti Belt”
Corporate Presentation – October 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
• Located in politically stable, mining friendly jurisdiction with favourable
infrastructure – #2 producer in Africa and #7 globally (3 M oz in 2011)
• Strategic land package in southern Ashanti belt, one of the most highly
gold endowed belts of the world, adjacent to several producing mines
• Drilling highlights include numerous high grade intercepts at the
Apankrah Target; 6m of 80 g/t Au (uncut); incl. 1.6m of 296 g/t Au
• Quality exploration strategies & a systematic approach to uncovering
abundant resource potential
• Experienced management team with respected track records &
established relationships

3

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

Warrants 21,663,528

Stock Options 4,240,000

Fully Diluted 102,000,221

• Warrants:
• 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
• Cash Position: $2.2M
• Strategic Partnership:
Grizal Enterprises Ltd.
$4M investment to
hold ~23% (undiluted)

5

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 in 1957

• 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 (pop: 25 million)

6

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.

7

Strategic Land Package
Castle Peak holds ~225 square kms 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 kms 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.

8

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)

9

Nkwanta: Drill Highlights

1. Apankrah Target:
Apankrah Shoot Results
• 6.0m of 80 g/t Au, incl. 1.6m of 296 g/t Au
• 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. 1.0m 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
• 19.0 m of 1.5 g/t incl. 6.0m of 3.2 g/t Au

2. Nana Target:
• 3.0m of 1.9 g/t Au
• 0.5m of 10.3 g/t Au

3. Scorpio Target:
• 13.0m of 1.0 g/t Au
• 4.0m of 4.1 g/t Au

* ~4000 metres drilled to date at Nkwanta

10

Apankrah Shoot - Cross Section

Encouraging results to date;
reflective of adjacent producers
which lie on similar structural
corridors.

• Drill intercepts indicate the
structure is flattening, forming
a ramp feature at ~200m which
may be the control for thicker
intersections and higher grades
• Metallurgy pending;
no carbon or arsenopyrite
associated with the system
(free gold)

11

Apankrah Shoot – Bonanza Grade

A
Drill hole NKDDH022, down
plunge test of the Apankrah
Shoot, returned (uncut)
6.0m of 80 g/t Au, including
1.6m of 296 g/t Au, across a
17m intersection of lower
grade gold mineralization

• Follow up drilling indicates
the shoot is still open on
strike at depth to the west,
down dip and down plunge

B

12

Apankrah: Next Steps

• Metallurgical sampling (Oct)
• Evaluate geological structures to
better understand controls for
high grade shoot(s) (Oct)

• Geology and gold model =
internal resource estimate and
estimate of potential (Nov)
• Conduct limited drill program if
warranted based on known
resulting geological model (Nov)

13

POW: Small Volume Intrusion (SVI) Concept

• The structural trend is
generally north-south and
appears to be a splay off of
the large regional structure
located to the east
• A key structural intersection
within the target area occurs
where easterly trending
structures intersect the
north-south target zone
• Similar movement on the
north-south structures leads
to faulting within the
bounded ridge body
(granitoid)

14

POW: Dansuom Target

An open 1,400m x 200m gold-in-soil anomaly
defined by gold values >30 ppb.

Highlights:

Next Steps:
• Awaiting trench extension and road
sampling results
• Complete access road construction
• Continue mapping and sampling programs
• Conduct geophysics in target area
• Compile geology and geophysics
• Review and prioritize generated targets

15

Target Generation
25 target areas covering all 9 concessions
• Drilling: AA Veins target on Asuoyga/Ayiem
9km anomaly:
• 16.5m of 1.1 g/t Au
• 13.0m of 1.0 g/t Au
• Soil/Channel Sampling: 1,195 soil and channel
samples collected with 562 still to come over
6 concessions
• Geophysical Surveys: ~30km of targeted
surveys completed on 4 grids; target
refinement survey to be completed on
Dansuom
• Trenching: 62m completed on POW and
Asuogya
• Continue with regional and target scale
geological mapping, prospecting & sampling
• Compile, prioritize, & evaluate highly
prospective targets; drilling to follow based on
results

16

2012 Exploration Summary
 Completed ~3000m drilling at Apankrah target to define high
potential Apankrah shoot and further test associated Nana and
Scorpio targets
 Continuing field work for target generation, evaluating inferred
structure and geology by mapping, prospecting, trenching and
soil & channel sampling (75% complete)
 Finishing road construction and improving access to Dansuom
target (60% complete)
 Converting Great Yorkshire from prospecting license to
reconnaissance license to initiate subsurface work (submitted)
 Awaiting geophysical surveys to evaluate future targets
 Evaluating the land package for additional resource potential
 Strategically & aggressively following up on high priority
targets to deliver the greatest resource potential

17

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

Marlo Hamer-Jackson – Investor Relations Manager
12 years experience in corporate relations with Placer Dome, Goldcorp, Ventana Gold Corp.

18

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

19

Board of Directors (continued)
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

20

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

21

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.

• 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
• Management team with positive relationships and respected track records

22

Contact

Corporate Office Ghana Office
Suite 1318 - 1030 West Georgia Street № 22 Third Close
Vancouver, BC V6E 2Y3 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
Marlo Hamer-Jackson
Investor Relations Manager
Tel: 604.681.1466 (X225)
Email: marlohj@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

24

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


Appendix: Nkwanta 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

27

Ghana Gold Project Presentation

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