Castillian Sells Shares of Kibaran Resources for Proceeds of AUD 540,000

Castillian Resources Corp. ("Castillian" or the "Company") (TSX
VENTURE:CT)(OTCQX:CTIIF) has sold its block of 5,000,000 ordinary shares in
Kibaran Resources Ltd. for gross proceeds of approximately AUD 540,000.
Castillian intends to use these funds for working capital purposes.


The Kibaran shares were issued to Castillian in consideration for the sale of
the Kagera Nickel Sulphide Project to Kibaran in 2010 (see news release dated
October 28, 2010). The shares were subject to a two year escrow following the
closing of the sale of the property. 


Pursuant to the sale, Castillian also received and continues to hold
performance-based shares which convert into ordinary shares upon Kibaran
achieving certain milestones in respect of the Kagera project. 


QUALIFIED PERSONS

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


ABOUT CASTILLIAN

Castillian Resources Corp. is a Canadian mineral exploration company listed on
the TSX Venture Exchange under the symbol "CT" and on the OTCQX International
under the symbol "CTIIF". The Company has gold and base metal properties in
Canada and South America. Castillian's flag ship 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 NI 43-101 compliant indicated mineral
resources and 8.2 million tonnes at 2.07 g Au/t for 548,000 ounces of inferred
mineral resources. Castillian has outlined an extensive new Gold-in-Soil anomaly
trend on its Canadian Creek property in the Yukon that is adjacent to Kaminak's
Sugar Gold-in-Soil trend.


Cautionary Note Regarding Forward-looking Information 

This press release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, statements regarding exploration prospects and
the expected use of proceeds from the sale of the Kibaran shares. Generally,
forward-looking information can be identified by the use of forward-looking
terminology such as "plans", "expects" or "does not expect", "is expected",
"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or
"does not anticipate", or "believes", or variations of such words and phrases or
state that certain actions, events or results "may", "could", "would", "might"
or "will be taken", "occur" or "be achieved". Forward-looking information is
subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of the
Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: general business,
economic, competitive, political and social uncertainties; the actual results of
current exploration activities; future prices of mineral prices; failure of
plant, equipment or processes to operate as anticipated; accidents, labour
disputes and shortages and other risks of the mining industry. Although the
Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward-looking
information, there may be other factors that cause results not to be as
anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking information. The
Company does not undertake to update any forward-looking information, except in
accordance with applicable securities laws.


Information Concerning Estimates of Indicated and Inferred Resources

This news release uses the terms "indicated resources" and "inferred resources".
Castillian advises investors that although these terms are recognized and
required by Canadian regulations (under NI 43-101), the U.S. Securities and
Exchange Commission does not recognize them. Investors are cautioned not to
assume that any part or all of the mineral deposits in these categories will
ever be converted into mineral reserves. In addition, inferred resources have a
great amount of uncertainty as to their existence, and economic and legal
feasibility. It cannot be assumed that all or any part of an inferred mineral
resource will ever be upgraded to a higher category. Under Canadian rules,
estimates of inferred mineral resources may not form the basis of feasibility or
pre-feasibility studies, or economic studies except for preliminary economic
assessments as defined under NI 43-101. Investors are cautioned not to assume
that part or all of an inferred resource exists, or is economically or legally
mineable.


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


Castillian Resources Corp.
Bill Pearson
President & CEO
president@castillian.ca
www.castillian.ca
Centenera Mining Corporation (TSXV:CT)
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