CT Centenera Mining Corporation

NOT FOR DISSEMINATION IN THE UNITED STATES OR TO UNITED STATES NEWSWIRE SERVICES

Castillian Resources Corp. ("Castillian" or the "Company") (TSX
VENTURE:RDG)(OTCQX:RIOOF) has acquired (the "Transaction") all of the issued and
outstanding shares of Ridgemont Iron Ore Corp. ("Ridgemont") (TSX
VENTURE:RDG)(OTCQX:RIOOF). 


Ridgemont shareholders received 0.593 of a Castillian common share for each
common share of Ridgemont held. Following completion of the Transaction,
Castillian has 130.5 million common shares outstanding (153.9 million common
shares on a fully-diluted basis), and the ownership of the combined company is
approximately 57.8% by existing Castillian shareholders and 42.2% by former
Ridgemont shareholders on a basic shares outstanding basis. The Transaction was
conducted by way of a court-approved plan of arrangement under the Business
Corporations Act (British Columbia), resulting in Ridgemont becoming a
wholly-owned subsidiary of Castillian. Further details regarding the Transaction
can be found in the joint press releases of Castillian and Ridgemont dated May
3, 2013, May 29, 2013 and June 25, 2013. 


In connection with the completion of the Transaction, Mr. Adrian Bray has joined
the board of directors of Castillian. Mr. Bray is Executive Vice President and
Senior Geologist for King & Bay West Management Corp (formerly Forbes West
Management Corp). He has 25 years of experience on national and international
projects including grass roots through to advanced exploration and mining, due
diligence, project evaluation and the implementation of quality systems and
monitoring of quality control. He has worked for numerous public companies such
as Lac Minerals Ltd., where he was involved in the discovery and advancement to
pre-feasibility of the Red Mountain structurally controlled gold deposit. Mr.
Bray was also involved in the initial drilling of the Kemess North porphyry
copper-gold deposit discovery for Northgate Minerals Corp. His memberships
include the Geological Association of Canada, B.C. & Yukon Chamber of Mines, and
the Prospectors and Developers Association of Canada. 


Dr. Bill Pearson, President and Chief Executive Officer of Castillian, stated:
"The completion of this transaction will allow Castillian to continue to advance
its Hope Brook Property towards a production decision. We intend to commence
soon a 5,100-metre diamond drilling program, designed to expand the existing
mineral resource, and conduct technical and engineering work required for a
preliminary economic assessment at the Hope Brook project." Dr. Pearson added:
"We also welcome Adrian Bray to the board of directors and look forward to his
contributions to the Company and the Hope Brook project."


ABOUT CASTILLIAN RESOURCES  

Castillian is a Canadian mineral exploration company listed on the TSX Venture
Exchange. Castillian's flagship property is the Hope Brook Gold Project located
in southwestern Newfoundland, which has 12.4 million tonnes at 1.48 g Au/t for
590,000 ounces of indicated mineral resources and 8.2 million tonnes at 2.07 g
Au/t for 548,000 ounces of inferred mineral resources (see technical report
entitled "Updated Mineral Resource Estimate Technical Report, Hope Brook Gold
Project, Newfoundland and Labrador, Canada", effective October 1, 2012).


QUALIFIED PERSON 

Dr. Bill Pearson, P.Geo., President and CEO of the Company, who is a qualified
person as defined by NI 43-101, has reviewed and approved the scientific and
technical content relating to Castillian in this press release.


CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS 

Certain information contained in this press release, including any information
relating to the Transaction (including the anticipated benefits of the
Transaction), and statements that address events or developments that Castillian
or Ridgemont expects to occur, are "forward-looking statements". Forward-looking
statements are statements that are not historical facts and are generally, but
not always, identified by the words "expects", "does not expect", "plans",
"anticipates", "does not anticipate", "believes", "intends", "estimates",
"projects", "potential", "scheduled", "forecast", "budget" and similar
expressions, or that events or conditions "will", "would", "may", "could",
"should" or "might" occur. Forward-looking statements include, but are not
limited to, statements relating to completion and timing of the acquisition of
Ridgemont, the delivery of the Hope Brook preliminary economic assessment, the
upside potential of Hope Brook and the Hope Brook mineral resource estimate and
its potential to be increased. All such forward-looking statements are subject
to important risk factors and uncertainties, many of which are beyond
Castillian's or Ridgemont's ability to control or predict. Forward-looking
statements are necessarily based on estimates and assumptions that are
inherently subject to known and unknown risks, uncertainties and other factors
that may cause Castillian's or Ridgemont's actual results, level of activity,
performance or achievements to be materially different from those expressed or
implied by such forward-looking statements. Assumptions upon which such
forward-looking statements are based on include the estimation of mineral
resources, the availability of necessary financing and materials to continue to
explore and develop Hope Brook, that Castillian and Ridgemont will be able to
satisfy the conditions contained in the Letter of Intent, that the required
approvals will be obtained from the shareholders of Ridgemont, that all third
party, court, regulatory and governmental approvals to the Transactions will be
obtained, including from the Exchange and all other conditions to completion of
the Transaction will be satisfied or waived. Many of these assumptions are based
on factors and events that are not within the control of Castillian and
Ridgemont and there is no assurance they will prove to be correct. Such factors
include, without limitation: capital requirements; fluctuations in the
international currency markets and in rates of exchange of metal prices; changes
in national and local government legislation in Canada or any other country in
which Castillian and Ridgemont currently or may in the future carry on business;
taxation; controls, regulations and political or economic developments in the
countries in which Castillian and Ridgemont do or may carry on business;
competition; loss of key employees; and additional funding requirements. 


Any forward-looking statement speaks only as of the date on which it is made and
Castillian and Ridgemont expressly disclaim any intention or obligation to
update or revise any forward-looking statements, whether as a result of new
information, events or otherwise, except in accordance with applicable
securities laws. Although each of Castillian and Ridgemont believe that the
assumptions inherent in the forward-looking statements are reasonable,
forward-looking statements are not guarantees of future performance and
accordingly undue reliance should not be put on such statements due to the
inherent uncertainty therein. 


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT
TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. 


This press release does not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of the securities described in this
press release, in any jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the securities
laws of such jurisdiction. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended, or any
state securities laws and may not be offered or sold within the United States
unless an exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Castillian Resources Corp.
Rob Hopkins
Manager, Investor Relations
(416) 861-5899
rhopkins@castillian.ca
www.castillian.ca

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