Castillian Resources and Ridgemont Iron Ore Announce Approval of Plan of Arrangement by Ridgemont Shareholders

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

Castillian Resources Corp. ("Castillian") (TSX VENTURE:CT)(OTCQX:CTIIF) and
Ridgemont Iron Ore Corp. ("Ridgemont") (TSX VENTURE:RDG)(OTCQX:RIOOF) are
pleased to announce that the previously announced plan of arrangement between
Ridgemont and Castillian (the "Arrangement") was approved by Ridgemont
shareholders at Ridgemont's annual and special meeting held on June 24, 2013 in
Vancouver, British Columbia (the "Meeting"). Pursuant to the Arrangement,
Castillian will acquire 100% of the outstanding common shares of Ridgemont by
way of a plan of arrangement under the Business Corporations Act (British
Columbia). Under the terms of the Arrangement, Ridgemont shareholders are
entitled to receive 0.593 of a Castillian common share for each common share of
Ridgemont held. The Arrangement was approved at the Meeting by shareholders of
Ridgemont with 99.24% of the votes cast, in person or by proxy, voting in favour
of the Arrangement. Following the Meeting, Ridgemont obtained a final order
approving the Arrangement from the Supreme Court of British Columbia on June 25,
2013. Accordingly, Ridgemont and Castillian are pleased to confirm that the
effective time of the Arrangement is expected to be 12:01 a.m. on June 28, 2013.


All Ridgemont shareholders are encouraged to read Ridgemont's information
circular with respect to the Arrangement which was mailed to Ridgemont
shareholders of record as of May 17, 2013 and is available on SEDAR at
www.sedar.com (the "Circular"). The Circular contains a detailed description of
the Arrangement and a description of Castillian after giving effect to the
Arrangement. Further details regarding the Arrangement and the Meeting can be
found in the joint press releases of Castillian and Ridgemont dated May 3, 2013
and May 29, 2013.


The completion of the Arrangement remains subject to the final approval of the
TSX Venture Exchange.


ABOUT RIDGEMONT

Ridgemont is a Canadian exploration company looking to acquire, explore and
develop iron ore mineral properties. Ridgemont has a 100% interest in the Lac
Virot Iron Project located in the southern Labrador Trough and holds a 100%
interest in the Maguse River Iron Project located in Nunavut.


ABOUT CASTILLIAN RESOURCES

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". 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 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 Castillian, 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, 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, approval of the TSX Venture Exchange, 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 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.


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
Investor Relations Manager
(416) 861-5899
rhopkins@castillian.ca
www.castillian.ca


Ridgemont Iron Ore Corp.
JJ Jennex
Investor Relations
604-681-8030 x 240
info@ridgemontiron.com
www.ridgemontiron.com
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