NL Mineral Resources Review

TSX-V: CT
OTCQX: CTIIF

Update Hope Brook Gold Project, Newfoundland
Newfoundland Mineral Resources Review
November 3, 2012
Member of Forbes & Manhattan Group of Companies

Forward Looking Statements

The information presented contains “forward-looking statements”, within the meaning of the United States Private Securities Litigation Reform Act of 1995, and
“forward-looking information” under similar Canadian legislation, concerning the business, operations and financial performance and condition of the Company.
Forward-looking statements and forward-looking information include, but are not limited to, statements with respect to estimated production, the estimation of
mineral reserves and mineral resources; the realization of mineral reserve estimates; the timing and amount of estimated future production; costs of production;
capital expenditures; success of exploration activities; permitting time lines and permitting, mining or processing issues; government regulation of mining
operations; environmental risks; unanticipated reclamation expenses; title disputes or claims; litigation liabilities; and limitations on insurance coverage.

Generally, forward-looking statements and 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 statements and forward-looking information are based on the opinions and estimates of management as of the date such statements are made, and
they are 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 statements or forward-looking information. Although
management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-
looking statements or 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 statements 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 statements and forward-looking information. The Company does not
undertake to update any forward-looking statements or forward-looking information that are incorporated by reference herein, except in accordance with
applicable securities laws.

Dr. Bill Pearson, P.Geo. who is a Qualified Person as defined by National Instrument NI 43-101 and reviewed and approved the scientific and technical
information contained in this presentation.

Cautionary Note to U.S. Investors Concerning Estimates of Measured, Indicated or Inferred Resources.

The information presented uses the terms “measured”, “indicated” and “inferred” mineral resources. United States investors are advised that while such terms
are recognized and required by Canadian regulations, the United States Securities and Exchange Commission does not recognize these terms. “Inferred
mineral resources” have a great amount of uncertainty as to their existence, and as to their 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 other economic studies. United States investors are cautioned not to assume that all or any part of measured or indicated mineral
resources will ever be converted into mineral reserves. United States investors are also cautioned not to assume that all or any part of an inferred mineral
resource exists, or is economically or legally mineable.

In connection with the recently announced private placement financing, this presentation shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful. The securities that are subject to the recently
announced private placement financing have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold
in the United States absent registration or an applicable exemption from the registration requirements.

2
TSX-V: CT OTCQX: CTIIF

Overview of Castillian

Castillian Resources Corp.
TSX-V:CT, OTQX and CCTIIF

 Canadian mineral exploration company
whose focus is growing Gold projects in
Canada
 Castillian's Flag Ship property is the Hope
Brook Gold Project in southern
Newfoundland
 Updated NI 43-101 Mineral Resource
released for Hope Brook October 2012 only
8 months after initial estimate
 Canadian Creek property in central Yukon
is adjacent Kaminak’s Sugar Gold-in-Soil
Trend
 Recently closed $2 million financing with
Ryan Gold for further exploration drilling at
Hope Brook
 Strong Board, Management and Technical
Team
3

Advancing Hope Brook

2010 2010 2011 2012
February December September June
Acquired Hope Intersected Intersected Successful initial 4,549
Brook Gold 2.41 g Au/t 4.09 g Au/t over metre drill program
Project over 26.5 metres 29.3 metres in Mine testing priority targets
in Pit Zone Zone Extension completed at Hope
Brook

2010 2011 2012 2012
September March February October
Started Drilling Intersected First NI 43 -101 Updated NI 43 -101
Program 4.56 g Au/t Mineral Resource Mineral Resource
over 8.9 metres Exploration Drilling Increasing indicated
in Hanging Wall Recommenced mineral resource
Zone at Hope Brook ounces by 102%

4

2012: Moving Castillian Forward

 First NI 43 -101 mineral resource announced February 14,
2012 (filed April 5, 2012), meeting guidance at 740,000 inferred
ounces of gold and 290,000 indicated ounces of gold and in
just 16 months of exploration

 Completed initial 4,549 metre drill program in Spring 2012
testing priority targets with excellent results
• 5.47 g Au/t over 38.0m
• 3.78 g Au/t over 53.0m and 4.41 g Au/t over 5.0m

 Updated NI 43-1010 mineral resource announced October 1,
2012 with a 102% increase in indicated resource to 590,000
ounces of gold and a modest reduction of inferred resource to
548,000 ounces of gold through successful conversion of
inferred to indicated

 Completed preliminary metallurgical testing that confirmed
historic recoveries and indentified opportunities for
enhancement of recovery

 Drilling to commence shortly following recently completed $2
million financing with Ryan Gold

5

Hope Brook Gold: The Flagship Project

 Own 100% interest in 1,005 claims
covering approximately 25,150 ha

 Historical production (1987 –
1997) of 752,163 ounces gold in
time of low gold prices
(<US$400/oz)

 No exploration drilling on property
since 1996 until Castillian started
diamond drilling in 2010

6

Major Gold Mineralized Structure
more than 8 km in Length

Structure likely
continues under
granite sheet

7

Large Scale Mineralized System

 Alteration zone Altered &
extends 8+ km along Mineralized
strike with a number of Shear Zone
gold occurrences Open Pit 500+m wide
Helicopter (behind hill)
 Mineralized zone open for scale
along strike in both
directions and at depth

 Major focus is
exploring for more
higher grade zones

8

Gold Mineralization at Hope Brook

• Gold mineralization hosted in silicified zones with Late
Proterozoic Whittle Hill Sandstone – Third Pond Tuff
succession
• Two major gold-bearing stages:
– Earlier pervasive buff coloured silicification with lower
grade mineralization (~0.5 – 1.0 g Au/t) 15-80m thick
– Later vuggy grey silicification with local siliceous breccia
(>2.0 – 5.0+ g Au/t and significant Cu) 5-25m thick

9

Hope Brook Gold Resource Model

548,000oz inferred and 590,000oz indicated ounces of gold are located within this model

Mine Zone

open

open

240 Zone
open

open

10

Updated NI 43-101 Mineral Resource

NI 43-101 MINERAL RESOURCE ESTIMATE, HOPE BROOK GOLD PROJECT *
as at October 1, 2012

Within constraining shell Below constraining shell
Total
@ 0.50 g Au/t cutoff @ 2.0 g Au/t cutoff

Tonnes Gold Gold Tonnes Gold Gold Tonnes Gold Gold
Category
(millions) (g/t) (oz) (millions) (g/t) (oz) (millions) (g/t) (oz)

Indicated 10.6 1.24 422,000 1.7 2.99 168,000 12.3 1.48 590,000

Inferred 06.4 1.91 397,000 1.8 2.62 151,000 08.3 2.07 548,000

 Constraining shell incorporates essentially all of the remaining historic resources in the
former Hope Brook mine in addition to new areas of resource as defined by Castillian,
including the Pit Zone, Hanging Wall Zone and Mine Zone Extension.
 There is a possible copper credit that is not included in the mineral resource due to
missing copper assays in historical drill holes.

* Full Technical details and notes to the NI 43-101 Mineral Resource Estimate can be found in the Press Release dated October 1, 2012 . A NI 43-
101 Technical Report will be filed within 45 days of this press release.
11

Growing the Gold Resource

Change in NI 43-101 Mineral Resource
February 14, 2012 to October 1, 2012

548,000oz
1,000,000 oz 740,000 oz

590,000 oz
500,000 oz Indicated Mineral
Resource
290,000 oz Inferred Mineral
Resource

February 2012 October 2012
12

Geology of Hope Brook

 Strongly deformed Late
Proterozoic mineralized
succession abuts against
mylonites of Cinq Cerf Fault
 Footwall pyritic silicified zone
useful geophysical marker
 Hangingwall of deposit is
extensive pyritic argillic
alteration zone which
replaces silicified zones in
places but is unmineralized
 Deposit has been cut by
mafic dykes and is strongly
deformed including dykes

13

Exploration Upside

 Deposit is open along strike and at depth
 Twinned holes typically return much higher gold
and copper grades compared to historical holes
 Historic drill holes too short to test potential for
depth extension
 Widespread higher grade mineralization
 Silicified zones and footwall pyritic zone can be
traced effectively using geophysics

14

Applying Technology: Titan 24 Survey at
Hope Brook

Former HB Mine
Extensive Resistivity Low Marks
Footwall Conductor (Blue)

Major
Target
Zone

15

Tracing Silicified Zones at Hope Brook

 Recent work
suggests two
major silicified
zones are present
 Relationship
between these two
zones is uncertain
 Possibilities
include fold
structure, fault
splays or ??
 Possibility for more
silicified zones to
be found

16

Enhancing Exploration Targeting

 Collaborative research project in progress with
Western University in Ontario and Memorial
University in Newfoundland
 Focus is to better understand nature, distribution
and origin of higher grade mineralization to aid
further exploration
 Samples selected from a fence of holes
covering range of lithologies and mineralization
 Initial results are very encouraging

17

Hope Brook: Mineralizing Fluids

Hole HB11-023 included the highest grade returned at Hope Brook -
204g/t Au and 7.98% Cu over 1.5m Core Length
 Analysis of samples from
major silicified zones Au Grade (ppm) Vs. δ18O (‰ VSMOW)
across deposit; grades from Au Grade (ppm) for HB 11-023 Outlier
0 50 100 150 200 250
0.5 g Au/t to 204 g Au/t 13

 Wallrock has wide range of 12

d18O isotopic values 11 Hole HB 10-003

Hole HB 11-013
typical of volcanic- 10
Hole HB 11-023

sedimentary-intrusive rocks
δ18O (‰ VSMOW)

Hole HB 11-029
9
Hole HB 11-031

 ALL the samples with 8 Hole HB 11-033

elevated gold are restricted 7
Hole HB 11-034

Hole HB 11-060
to a very narrow d18O Hole HB 11-061

range 6
Hole HB 11-023 Au Outlier

5

 Gold mineralization at Hope
4
Brook was likely deposited 0 1 2 3 4 5 6 7 8 9 10
Au Grade (ppm)
from a single fluid source
18

Hope Brook: Mineralogy of High Grade Au

1. Scanning Electron Microscope 1 2
• Indicates elements present Au
include Sn, Hg, As, Pb – Fe, Si,
Cu, Au Cp Py Cp

Mineral Liberation Analysis: Qz

2. Epithermal Mineral Assemblage
3
• Mawsonite, Cassiterite Au Au

3. Gold Grain Mapping
• Fine grained 2-3 microns within AuMw Cp
Bn
sulphide grains Au Au
• Typically on margins of
chalcopyrite, mawsonite and 0 200 um
bornite

19

Hope Brook Origin – Working Hypothesis

 Fluids responsible for all gold mineralization had
a similar geochemical composition and are likely
the result of a single large system.
 Overall low d18O values suggests the possibility
of hotter fluids than might be expected at the top
of the system i.e. mesothermal – epithermal
level
 Mineralogy is epithermal in character but
textures and isotopes indicate deeper level in
system

20

Implications for Hope Brook Exploration

 Mineralization likely formed by major magmatic-
hydrothermal system
 Mineralizing system likely initially mesothermal
then became emergent to more epithermal but
not shallow
 Age of mineralization possibly correlative with
Roti Intrusions – 563+/-4 Ma (Dunning et al,
1988)
 Major question:
WHERE IS THIS SYSTEM CENTERED?
21

Next Drilling at Hope Brook

 Substantially expand extent of exploration
drilling along mineralized trend
 Drilling to test six major target areas over a
strike length of 3.4 km
 80% of drilling will be outside of current NI 43-
101 resource
 Drilling will be done at spacings of 80m-100m
sufficient for potential inferred resource
 Drilling will commence shortly
6,000m drilling planned
22

Major Targets and Planned Drilling Areas
at Hope Brook

Vertical Longitudinal Section

23

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