Artha Resources Corp CTMIF

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Castillian Resources Corp. ("Castillian" or the "Company") (TSX VENTURE:CT) announces that the terms of the non-brokered private placement announced on November 29, 2011 have been amended. The non-brokered private placement will now consist of flow-through common shares (the "Flow-Through Shares") of the Company at a price of
.11 per Flow-Through Share and units (the "Units") of the Company at a price of
.11 per Unit, for aggregate gross proceeds of up to $3,000,000 (the "Offering"). Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant will entitle the holder thereof to acquire one common share of the Company at a price of
.14 for a period of 18 months from the closing date of the Offering.In connection with the Offering, the Company will pay a cash finders' fee equal to 6.0% of the gross proceeds raised under the Offering.The Closing Date of the Offering is expected to occur on or about December 21, 2011. All securities issued will be subject to a four month hold period. The Offering is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals.The net proceeds of the sale of the Flow-Through Shares will be used by the Company to incur Canadian exploration expenditures (as defined in the Income Tax Act (Canada)), which will be renounced for the 2011 taxation year. The net proceeds of the sale of the Units will be used for exploration expenditures on the Company's Hope Brook and Canadian Creek projects and for general corporate purposes.