Castillian Enters Into Agreement to Assign Its Interest in Achachucani to South American Tin

Castillian Resources Corp. ("Castillian" or the "Company") (TSX
VENTURE:CT)(OTCQX:CTIIF) has entered into an assignment agreement with South
American Tin Limited ("SAT") whereby Castillian will assign to SAT Castillian's
option to acquire a 100% interest in the Achachucani Gold Project located in
southern Bolivia (the "Project"). 


In consideration for Castillian's interest in the Project, SAT has agreed to pay
Castillian US$50,000 in cash and US$2,050,000 in ordinary shares of SAT
according to the following schedule: 




--  US$50,000 in cash and US$50,000 in shares upon the earlier of SAT
    completing a financing exceeding US$600,000 or 12 months from the date
    of the agreement; 
    
--  US$500,000 in shares upon the discovery of 1,000,000 ounces of gold on
    the Project in the inferred category or higher (or the JORC equivalent);
    
--  US$500,000 in shares upon completing a positive feasibility study; and 
    
--  US$1,000,000 in shares upon achieving commercial production. 



Completion of the assignment is subject to certain customary closing conditions,
including completion by SAT of technical, legal and financial due diligence.


The Achachucani Gold Project 

The Project, formerly known as the Pedersen Project, is located approximately
360 km south of La Paz, Bolivia. The Project includes 13 contiguous concessions
of approximately 78 sq. km and contains a near surface, structurally controlled,
sediment-hosted gold deposit. The property has a historical resource estimate of
51.6 million tonnes grading 1.4 g Au/t containing 2.3 million ounces of gold(i)
which was completed by Orvana Minerals Corporation and BHP in 1999. 


South American Tin 

SAT is a private, Australian-based mining company. Through its Bolivia
subsidiary, Gondwanaland SAT has a number of tin projects north of Potosi
centred at the historic Siglo XX Mine in Llallagua, which has historic fine tin
production exceeding 1Mt. Management of SAT have considerable work experience in
Bolivia. 


Dr. Bill Pearson, President and CEO of Castillian, commented: "The sale of our
option to acquire Achachucani is consistent with Castillian's stated strategy to
sell non-core assets and focus the company's resources on the development of
Hope Brook Gold. Castillian will continue to focus the company on Hope Brook in
2013 and divest other non-core assets as previously disclosed." 


(i)This historical resource estimate was not prepared in accordance with
currently accepted guidelines for the preparation of mineral resources and
mineral reserves, does not comply with NI 43-101 and should not be relied upon.
Although the historical estimate is relevant to recognizing potential, a
qualified person, as such term is defined in NI 43-101, has not done sufficient
work to classify the historical estimate as current mineral resources or mineral
reserves, and the Company is not treating the historical estimate as current
mineral resources or mineral reserves. 


QUALIFIED PERSON 

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 2.4 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 (see technical report entitled "Updated Mineral Resource
Estimate Technical Report, Hope Brook Gold Project, Newfoundland and Labrador,
Canada", effective October 1, 2012). 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.


Follow Castillian on Twitter @CastillianCT or on Facebook at
www.facebook.com/CastillianResourcesCorp.


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 the Company's corporate
strategy. 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.


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
416-861-2968
president@castillian.ca
www.castillian.ca
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