Castile Resources : Copper at Rover 4 Adds to Plans at Rover 1

only	February 2, 2022
	ASX Announcement
		COPPER AT ROVER 4 ADDS TO PLANS AT ROVER 1

Castile Resources Limited (ASX:CST) ("Castile" or "the Company") is pleased to advise that it has completed due diligence n the Rover 4 Prospect approximately 2.5 km north of Rover 1. Castile acquired the tenure outright prior to its demerger from Westgold in August 2019 from Andromeda Metals Ltd (previously Adelaide Resources Limited). Most of the previous work was completed by Adelaide Resources Limited in the early 2000's with drill results announced to the ASX at various times. A total of 48 diamond holes have been drilled at Rover 4 (see "Rover 4 - Historic Copper Intercepts" page 4 of this announcement) and this data has been reviewed and assessed to allow Castile to report it according to JORC 2012 tandards of disclosure. The drilling has returned a number of thick copper intercepts with potential to become a

ignificant additional pod of ore accessible by the planned decline for Rover 1.

Significant intercepts from Rover 4 include:
use	Hole R4ARD28 21m @	2.37% Cu, 0.87g/t Au and 0.01% Co from 378m (est. True Width of 18m).
personalFor	Hole R4ARD52 28m @	1.61% Cu, 0.40 g/t Au and 0.01% Co from 221m (est. True Width of 25m).
Hole R4ARD40 21m @	1.83% Cu, 1.25g/t Au and 0.01% Co from 212m (est. True Width of 18m).
	Hole R4ARD21 23m @	1.65% Cu, 0.08g/t Au and 0.02% Co from 306m (est. True Width of 19m).
	Hole R4ARD10 17m	@	1.89% Cu, 0.15g/t Au and 0.01% Co from 220m (est. True Width of 17m).
	Hole R4ARD27 17m	@	1.78% Cu, 0.03g/t Au and 0.06% Co from 309m (est. True Width of 13m).
Other holes of interest include:
	Hole R4ARD63 5m @ 3.90% Cu and 0.50g/t Au inc 1m @ 7.55% Cu and 1.52g/t Au from 314m
	Hole R4ARD20 11m	@	1.40% Cu and 0.90g/t Au inc 1m @ 6.30% Cu and 0.07g/t Au from 226m

Figure 1 : Oblique View of Rover 4 Facing North East

Figure 2 : Schematic of Rover 1 Engineering Design with Rover 4 Location Facing West

Figure 3 : Plan View of Rover 1 Proposed Engineering Design with Rover 4 Location

only	February 2, 2022
ASX Announcement

The oblique sectional view of Rover 4 attached above shows the Rover 4 prospect is another IOCG type deposit manifesting as a strong magnetic anomaly under the cover of the West Wiso basin rocks. It depicts both the ironstone a d copper intercepts within it suggesting that compared to Rover 1 the mineralisation is shallow and is expected to pr ject to the un-conforming West Wiso basin rock contact.

The shallowest copper intercept begins at 135m vertical depth (149m downhole) in Hole R4ARD042 and sits within metres of the planned access decline to the Rover 1 deposit. The deepest mineralisation is around 350m vertical depth and the

useironstones alteration appears open down plunge.

Coincidentally the iron stone appears to plunge to the south-east and the strong zones of IOCG ore dip at approximately 15 degrees which coincidentally is similar to the gradient of the planned decline access to the Rover 1 orebody.

personalFor

onlyMark Hepburn, Managing Director of Castile, commented:

ASX AnnouncementFebruary 2, 2022

"The review work completed at the Rover 4 prospect provides another opportunity for expansions to the Rover 1 mining strategy. Whilst there have been 48 holes already completed at Rover 4, we will still require some additional drilling before we can produce a resource and reserve estimate. We have now completed the required infill drilling at Rover 1 and

usecommenced design and evaluation studies. The proximity of Rover 4 to the planned decline and infrastructure for Rover 1 will further enhance the economics in our studies."

Mark Hepburn Managing Director Castile Resources Limited

personalFor further information please contact: [e-mail]

Phone: [phone]

Castile Resources Limited

7/189 St Georges Terrace Perth, WA, 6000

This announcement was approved for release by Castile's Managing Director, Mark Hepburn

Competent Person Statement

The exploration results contained in this report are based on, and fairly and accurately represent the information and supporting documentation prepared by Mark Savage. Mr Savage is a full-time employee of Castile, and a Member of The Australasian Institute of Mining and Metallurgy. Mr Savage has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken to qualify as a Competent P rson as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Exploration Targets, Mineral Resources and Ore Reserves. Mr Savage consents to the inclusion in the report of the matters based on the ex loration results in the form and context in which they appear.

Forward Looking Statements

ForCe tain statements in this report relate to the future, including forward looking statements relating to Castile's financial p sition and strategy. These forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other important factors that could cause the actual results, performance, or achievements of Castile to be materially different from future results, performance or achievements expressed or implied by such statements

Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement and deviations are both normal and to be expected. Other than required by law, neither Castile, their officers nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will occur. You are cautioned not to place undue reliance on those statements.

only																			February 2, 2022
	ASX Announcement
		ROVER 4 - HISTORIC SIGNIFICANT COPPER INTERCEPTS
	hole_id	MGA_E		MGA_N	RL		EOH		MGA_Azi		Dip		depth_from		depth_to				Cu%_Ave SigInt
	R4ARD05	360328.3		7789846	294.075		483.9		360		-60		281		282			11m @ 0.55% Cu and 0.03g/t Au from 281m downhole
	R4ARD05	360328.3		7789846	294.075		483.9		360		-60		309		310			3m	@ 1.2% Cu and 0.02g/t Au from 309m downhole
	R4ARD06	360330		7789693	295		483.9		360		-64		338		339			5m	@ 0.75% Cu and 0.69g/t Au from 338m downhole
	R4ARD10	360488.5		7789810	294.088		348		360		-90		220		221			17m @ 1.89% Cu and 0.15g/t Au from 220m downhole
use		360488.5		7789810	294.088		348		360		-90		225		226			5m	@ 3.29% Cu and 0.21g/t Au from 225m downhole
	R4ARD10
	R4ARD11	360489.3		7789733	294.055		306.19		360		-90							NSR
	R4ARD13	360487.5		7789884	294.154		195.73		360		-90							NSR
	R4ARD14	360490		7789850	295		331.33		360		-90		195		196			3m	@ 1.42% Cu and 0.04g/t Au from 195m downhole
	R4ARD14	360490		7789850	295		331.33		360		-90		267		268			3m	@ 0.63% Cu and 13.4g/t Au from 267m downhole
	R4ARD15	360449		7789950	293.992		391.84		180		-60		333		334			2m	@ 0.65% Cu and 3.37g/t Au from 333m downhole
	R4ARD15	360449		7789950	293.992		391.84		180		-60		379		380			2m	@ 0.51% Cu and 3.8g/t Au from 379m downhole
personalr		360449.6		7790061	293.917		443.41		175		-67							NSR
	R4ARD16
	R4ARD20	360586.1		7789954	293.943		426.35		176		-62		219		220			2m	@ 0.72% Cu and 0.03g/t Au from 219m downhole
	R4ARD20	360586.1		7789954	293.943		426.35		176		-62		226		227			11m @ 1.4% Cu and 0.94g/t Au from 226m downhole
	R4ARD20	360586.1		7789954	293.943		426.35		176		-62		242		243			2m	@ 0.62% Cu and 0.3g/t Au from 242m downhole
	R4ARD20	360586.1		7789954	293.943		426.35		176		-62		257		258			2m	@ 0.56% Cu and 1.55g/t Au from 257m downhole
	R4ARD20	360586.1		7789954	293.943		426.35		176		-62		311		312			2m	@ 1.03% Cu and 3.35g/t Au from 311m downhole
	R4ARD20	360586.1		7789954	293.943		426.35		176		-62		320		321			2m	@ 0.68% Cu and 0.17g/t Au from 320m downhole
	R4ARD21	360299.8		7790156	294.042		441.24		173		-61		306		307			23m @ 1.65% Cu and 0.08g/t Au from 306m downhole
	R4ARD21	360299.8		7790156	294.042		441.24		173		-61		309		310			6m	@ 2.76% Cu and 0.11g/t Au from 309m downhole
	R4ARD21	360299.8		7790156	294.042		441.24		173		-61		333		334			2m	@ 0.69% Cu and 0.02g/t Au from 333m downhole
	R4ARD21	360299.8		7790156	294.042		441.24		173		-61		339		340			13m @ 1.22% Cu and 0.32g/t Au from 339m downhole

only										February 2, 2022
	ASX Announcement
	R4ARD21	360299.8	7790156	294.042	441.24	173	-61	349	350	3m	@ 2.7% Cu and 0.48g/t Au from 349m downhole
	R4ARD21	360299.8	7790156	294.042	441.24	173	-61	364	365	2m	@ 0.75% Cu and 0.19g/t Au from 364m downhole
	R4ARD21	360299.8	7790156	294.042	441.24	173	-61	370	371	16m @ 0.65% Cu and 0.18g/t Au from 370m downhole
	R4ARD24	360298.4	7789744	294.081	548.57	355	-62	287	288	3m	@ 0.87% Cu and 0.02g/t Au from 287m downhole
	R4ARD24	360298.4	7789744	294.081	548.57	355	-62	295	296	9m	@ 1.71% Cu and 0.02g/t Au from 295m downhole
	R4ARD24	360298.4	7789744	294.081	548.57	355	-62	309	310	12m @ 0.8% Cu and 0.08g/t Au from 309m downhole
use	360298.4	7789744	294.081	548.57	355	-62	377	378	2m	@ 2.01% Cu and 0.12g/t Au from 377m downhole
	R4ARD24
	R4ARD25-1	360299.1	7790171	294.044	308	176	-64	303	304	3m	@ 3.28% Cu and 0.2g/t Au from 303m downhole
	R4ARD25-1	360299.1	7790171	294.044	308	176	-64	320	321	4m	@ 0.63% Cu and 0.02g/t Au from 320m downhole
	R4ARD25-1	360299.1	7790171	294.044	308	176	-64	328	329	2m	@ 1.15% Cu and 0.03g/t Au from 328m downhole
	R4ARD25-1	360299.1	7790171	294.044	308	176	-64	393	394	2m	@ 1.01% Cu and 0.65g/t Au from 393m downhole
	R4ARD26	360299	7790172	294.078	462.2	176	-65	334	335	2m	@ 0.53% Cu and 0.01g/t Au from 334m downhole
	R4ARD26	360299	7790172	294.078	462.2	176	-65	396	397	7m	@ 0.64% Cu and 0.02g/t Au from 396m downhole
personalr	360300.3	7790142	293.984	447.34	176	-61.5	309	310	17m @ 1.78% Cu and 0.03g/t Au from 309m downhole
	R4ARD27
	R4ARD27	360300.3	7790142	293.984	447.34	176	-61.5	317	318	5m	@ 3.44% Cu and 0.03g/t Au from 317m downhole
	R4ARD27	360300.3	7790142	293.984	447.34	176	-61.5	335	336	2m	@ 0.49% Cu and 0.01g/t Au from 335m downhole
	R4ARD27	360300.3	7790142	293.984	447.34	176	-61.5	349	350	2m	@ 1.19% Cu and 0.06g/t Au from 349m downhole
	R4ARD27	360300.3	7790142	293.984	447.34	176	-61.5	356	357	8m	@ 0.9% Cu and 0.17g/t Au from 356m downhole
	R4ARD27	360300.3	7790142	293.984	447.34	176	-61.5	368	369	6m	@ 0.87% Cu and 0.16g/t Au from 368m downhole
	R4ARD28	360260.2	7790158	294.023	474.07	176	-64	314	315	7m	@ 0.56% Cu and 0.01g/t Au from 314m downhole
	R4ARD28	360260.2	7790158	294.023	474.07	176	-64	333	334	17m @ 1.44% Cu and 0.35g/t Au from 333m downhole
	R4ARD28	360260.2	7790158	294.023	474.07	176	-64	339	340	3m	@ 2.67% Cu and 0.53g/t Au from 339m downhole
	R4ARD28	360260.2	7790158	294.023	474.07	176	-64	353	354	7m	@ 0.92% Cu and 0.1g/t Au from 353m downhole
	R4ARD28	360260.2	7790158	294.023	474.07	176	-64	378	379	21m @ 2.37% Cu and 0.87g/t Au from 378m downhole