in the historic Gowganda mining camp ONTARIO Timmins Essential metals in renewable energy QUÉBEC Rouyn-Noranda Kirkland Lake Val-d’or Gowganda Cobalt CASTLE SILVER MINE COBALT is used in 3 of the 4 main lithium-based electric car batteries CANADA Sudbury North Bay SILVER is used in 90% of crystalline silicon photovoltaic cells in solar panels OTTAWA USA PRODUCTION »»Located in the heart of the Gowganda, Ontario mining camp where more than 50 million ounces of high-grade silver were produced in the 1900s »»Channel sampling in 2014 exposed a new zone of significant gold and copper mineralization > Sampling grade of 2.24 g/t Au over 2.2m > Copper values as high as 1.03% in bedrock »»33 sq. km property includes the former Castle Mine (three shafts) which produced 300,000 lbs of Cobalt and 9.5 million oz of Silver »»Underground ore grade averaged 25 oz/ton Ag in 1923-30 and 26 oz/tonne Ag in 1979-89 »»New drilling in 2011 intersected 188.8 oz/t silver over 3.09m »»NI 43-101 technical report completed in 2015 (see footnote below) »»Silver and cobalt typically found in quartz and calcite veins in Nipissing Diabase »»Gold and copper typically found in the Archean Volcanic rock »»Camp set-up includes structures, water, diesel power and year-round road access 2011 DRILLING - CASTLE INTERSECTS 188.8 OZ/T AG OVER 3 METRES A total of 6,842 metres of diamond drilling in 12 holes at Castle in 2011 intersected numerous significant intervals including exceptionally high silver grades in CA11-08 as follows based on total metallics analyses. Native silver in drill core at Castle Silver Mine FROM (m) TO (m) WIDTH (m) WIDTH (feet) GRADE (g/t Ag) GRADE (oz/t Ag) CO (%) NI (%) CA11-08 563.54 566.63 3.09 10.138 6,476 188.8 0.14 0.03 Including 564.34 564.79 0.45 1.476 40,944 1,193.70 0.91 0.12 HOLE True width unknown at this time. Source: Takara Resources Inc. Castle Silver Property Gowganda, Ontario, Canada NI 43-101 Technical Report, effective date July 9, 2015, report date August 21, 2015, prepared by Claude Duplessis, PEO., of GoldMinds Geoservices Inc. and an independent qualified person in accordance with NI 43-101. TSX-V CSR | OTC PK TAKRF | FRANKFURT 4T9B TSX-V CSR OTC PK TAKRF FRANKFURT 4T9B www.CastleSilverResources.com EXPLORATION »»Induced Polarization (IP) survey currently Castle Silver Exploration – IP Survey Location underway to identify drilling targets »»8 lines, 1.8 km each – covering wide area surrounding previous high-grade silver intercepts and gold-copper sampling in Golden Corridor »»Work aimed at identifying anomalies typical of gold and silver mineralization »»Mobile Metals Ion (MMI) sampling to follow in order to prioritize IP anomalies »»Drilling to commence later in 2017 »»Additional metallurgical testing underway of tailings samples to determine the most effective method of extracting silver, cobalt and other metals left from previous mining LEGEND Mineralized quartz vein from newly discovered gold-copper zone Main Shafts Drill Collar Drill Direction 2011 IP Lines Proposed 2016 IP Lines Licence of Occupation (MLO) Mining Lease Unpatented Claims CASTLE SILVER owns the former Beaver and Violet silver-cobalt mines in historic Cobalt Mining Camp »»At Beaver, sampling of historical waste rock in 2013 tested: Timmins Rouyn-Noranda Kirkland Lake Val-d’or Gowganda Cobalt CASTLE SILVER MINE VIOLET MINE 7.98% Cobalt, 3.98% Nickel, 1246 g/t Silver »»Metallurgical testing underway of samples from historical waste rock and tailings – goal is to determine effective recovery of silver and cobalt left from previous mining BEAVER MINE Silver Centre Sudbury North Bay CONTACT INFORMATION Frank J. Basa, P.Eng President and CEO [email protected] | 1-819-797-4144 Wayne Cheveldayoff Investor Relations [email protected] | 1-416-710-2410 Mining Office Castle Silver Resources Inc. 2875 Avenue Granada, Rouyn-Noranda Québec, Canada J9Y 1J1 www.CastleSilverResources.com Cobalt rosettes in a quartz-carbonate vein at the Beaver Silver Mine Cautionary note: This document includes certain “forward-looking” statements within the meaning of Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Castle Silver Resources Inc. does not undertake to update any forward-looking statement that is included herein, except in accordance with applicable securities laws. For details regarding forward-looking statements and a cautionary note to US investors, see the Company’s corporate presentation and its recent MD&A at www.castlesilverresources.com. The contents of this document have been reviewed and approved by Frank Basa, P. Eng., President and CEO of Castle, a qualified person in accordance with National Instrument 43-101.
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