Perth, Australia 11:44 AM

Accra, Ghana 3:44 AM

ASX code CDT

Ducie Project

(Castle Minerals right to earn 100%)

Introduction

The Ducie Project consists of one large granted Reconnaissance Licence situated in NW Ghana. Castle has an option to acquire a 100% interest in the project from a local Ghanaian Company.

The 1,126km² Ducie Licence was granted by the Ghanaian Minerals Commission in February 2007. The project covers 60 kilometres of strike of Birimian metasediments and volcaniclastics along the NE trending Bole-Bolgatanga Fault.

A field visit found the area to be generally flat and covered by thin soil and laterite and is deemed to be well suited for conventional soil sampling. Sampling was undertaken in May 2007 and identified a number of highly anomalous areas.

Followup sampling was completed in March 2008 and results are expected shortly.

Ducie is one of the few areas that seem to have been bypassed by modern exploration in Ghana. The Bole-Bolgatanga Fault which the Licence straddles is host to significant gold mineralisation at Bolgatanga and Youga approximately 150km to the NE. Gold mineralisation was indicated by a Russian mapping project in the 1960s at Ducie and Chasia immediately SW of the licence.