NL Mineral Resources Review

Update Hope Brook Gold Project, Newfoundland Newfoundland Mineral Resources Review

November 3, 2012

TSX-V: CT

OTCQX: CTIIF

Member of Forbes & Manhattan Group of Companies

TSX-V: CT OTCQX: CTIIF

Forward Looking Statements

2

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.


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

4

Advancing Hope Brook


2010

February

Acquired Hope

Brook Gold

Project

2010

December

Intersected

2.41 g Au/t

over 26.5 metres

in Pit Zone

2011

September

Intersected

4.09 g Au/t over

29.3 metres in Mine

Zone Extension

2011

March

Intersected

4.56 g Au/t

over 8.9 metres

in Hanging Wall

Zone

2012

February

First NI 43 -101

Mineral Resource

Exploration Drilling

Recommenced

at Hope Brook

2010

September

Started Drilling

Program

2012

June

Successful initial 4,549

metre drill program

testing priority targets

completed at Hope

Brook

2012

October

Updated NI 43 -101

Mineral Resource

Increasing indicated

mineral resource

ounces by 102%


2012: Moving Castillian Forward

5

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


Hope Brook Gold: The Flagship Project

6

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


Major Gold Mineralized Structure

more than 8 km in Length

7

Structure likely

continues under

granite sheet


Large Scale Mineralized System

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Alteration zone

extends 8+ km along

strike with a number of

gold occurrences

Mineralized zone open

along strike in both

directions and at depth

Major focus is

exploring for more

higher grade zones

Helicopter

for scale

Open Pit

(behind hill)

Altered &

Mineralized

Shear Zone

500+m wide


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

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

open

open

open 240 Zone

open

Mine Zone


Updated NI 43-101 Mineral Resource

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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.

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

Within constraining shell

@ 0.50 g Au/t cutoff

Below constraining shell

@ 2.0 g Au/t cutoff Total

Category Tonnes

(millions)

Gold

(g/t)

Gold

(oz)

Tonnes

(millions)

Gold

(g/t)

Gold

(oz)

Tonnes

(millions)

Gold

(g/t)

Gold

(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

* 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.


Growing the Gold Resource

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Indicated Mineral

Resource

February 2012 October 2012

500,000 oz

290,000 oz

590,000 oz

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

1,000,000 oz 740,000 oz

548,000oz

Inferred Mineral

Resource


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

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Applying Technology: Titan 24 Survey at

Hope Brook

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Former HB Mine

Major

Target

Zone

Extensive Resistivity Low Marks

Footwall Conductor (Blue)


Tracing Silicified Zones at Hope Brook

16

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


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

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0 50 100 150 200 250

4

5

6

7

8

9

10

11

12

13

0 1 2 3 4 5 6 7 8 9 10

AuGrade(ppm)forHB11-023Outlier

δ18O(‰

VSM

OW)

AuGrade(ppm)

AuGrade(ppm)Vs.δ18O(‰VSMOW)

HoleHB10-003

HoleHB11-013

HoleHB11-023

HoleHB11-029

HoleHB11-031

HoleHB11-033

HoleHB11-034

HoleHB11-060

HoleHB11-061

HoleHB11-023AuOutlier

Analysis of samples from

major silicified zones

across deposit; grades from

0.5 g Au/t to 204 g Au/t

Wallrock has wide range of

d18O isotopic values

typical of volcanic-

sedimentary-intrusive rocks

ALL the samples with

elevated gold are restricted

to a very narrow d18O

range

Gold mineralization at Hope

Brook was likely deposited

from a single fluid source

Hole HB11-023 included the highest grade returned at Hope Brook -

204g/t Au and 7.98% Cu over 1.5m Core Length


Hope Brook: Mineralogy of High Grade Au

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1. Scanning Electron Microscope

• Indicates elements present

include Sn, Hg, As, Pb – Fe, Si,

Cu, Au

Mineral Liberation Analysis:

2. Epithermal Mineral Assemblage

• Mawsonite, Cassiterite

3. Gold Grain Mapping

• Fine grained 2-3 microns within

sulphide grains

• Typically on margins of

chalcopyrite, mawsonite and

bornite

1 2

3

Au

Au Bn

Au Cp Mw

Au

Cp Py

Qz

Au Au

0 200 um

Cp


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:

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WHERE IS THIS SYSTEM CENTERED?


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

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6,000m drilling planned


Major Targets and Planned Drilling Areas

at Hope Brook

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Vertical Longitudinal Section


Documents

NL Mineral Resources Review