Cosigo Resources Ltd V.CSG.H

RE: Warrant Price Amendment

[anon3]

a re release of the NR on sep 14 - different wording Castle Gold reduces warrant exercise price to 58 cents 2007-09-17 13:12 ET - News Release Mr. Court Babcock reports CASTLE GOLD ANNOUNCES EARLY EXERCISE WARRANT INCENTIVE AMENDMENT Castle Gold Corp. has received TSX Venture Exchange acceptance to reprice certain warrants to encourage the early exercise of up to a total of 2,409,000 warrants which entitle the holders to purchase up to 2,409,000 common shares in the capital of the company, currently exercisable at a purchase price of 72 cents per share. For a limited time only, until 4 p.m. Eastern Time on Oct. 19, 2007, holders of these warrants may redeem them at a reduced exercise price of 58 cents per share. The warrants were originally issued pursuant to a private placement of Aurogin Resources Ltd. (which amalgamated with Morgain Minerals Inc. effective Aug. 28, 2007) that closed on April 20, 2006. The warrants have a term of two years and expire on April 20, 2008. In the event that the warrants are not exercised on or before the amended exercise date, the warrants will revert to their original terms which entitle holders to exercise the warrants at a purchase price of 72 cents per share at any time until 4 p.m. Eastern Time on April 20, 2008. In the event that the warrants are fully exercised on or before Oct. 19, 2007, the company expects to generate proceeds of $1,397,220. Castle Gold expects to use proceeds from early redemptions to advance initiatives at its 100-per-cent-owned El Castillo gold mine in Mexico and for general working-capital purposes.