High Grade Graphite Intercepts Extend Kambale Deposit

Dear MvM Commodity Group

Castle Minerals Limited (ASX: CDT) is pleased to announce that drilling along strike of the Company’s Kambale Graphite resource (14.4Mt @ 7.2% graphitic carbon) has intersected further high-grade graphite with new drill intercepts of;

KBRB 76                      23m @ 6.21%  graphitic carbon from 5m
KBRB 77                      12m @ 5.39%  graphitic carbon from 10m
KBRB 80                      13m @ 5.40%  graphitic carbon from 10m
KBRB 82                      15m @ 6.15%  graphitic carbon from surface
KBRB 83                      36m @ 10.36% graphitic carbon from 5m

Castle’s Managing Director, Mr Mike Ivey, said; “These are the first batch of results for drilling testing a 600m long zone south of the current resource and clearly extend the known graphite schist horizons.  It is our expectation that the Kambale resource will be materially increased as exploration continues.”

High Grade Graphite Intercepts Extend Kambale Deposit