Archive for February, 2011

Castillian Provides update on Cariboo Rose’s Canadian Creek Property

Castillian Resources Corporation (“Castillian” or the “Company”) announces that pursuant to a letter agreement (the “Letter Agreement”) entered into with Alder Resources Ltd. (“Alder”) to acquire the right to earn a 60% interest in the Canadian Creek Gold property located in the Whitehorse Mining District, Yukon (the “Property”) (See Press Release dated October 18, 2010), the parties have clarified the terms of the previously entered into assignment agreement among Castillian, Alder and Cariboo Rose Ltd. Alder acquired its interest in the Property pursuant to an option agreement (the “Option Agreement”) dated June 11, 2009 entered into between Alder and Cariboo Rose Resources Ltd. (the “Optionor”) under which Alder had an option to acquire a 60% interest.

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