CastleCap Announces Termination of Letter of Intent with Gold Road

(TheNewswire)

November 4, 2025 – TheNewswire - Calgary, Alberta– CastleCap Capital Inc. (TSXV: CSTL.P) (the" Corporation ") announces that further to itspress release dated September 30, 2025 regarding the letter of intent,as amended( “ LOI ”) and dated September 26, 2025 between the Corporation andGold Road Inc. (“ GoldRoad ”), the LOI has been terminated by theparties in accordance with its terms. Pursuant to and as part of thetermination of the LOI, a break fee of 200,000 common shares of Goldwill be issued to the Corporation at the deemed fair market value ofsuch securities and these securities will carry the applicable resalerestrictions and legends pursuant to applicable securitieslaws.

In accordance with the policies of the TSX VentureExchange, the Company’s common shares will be requested to resumetrading.

About CastleCap Capital Inc.

The Company is a capital pool company created pursuantto the policies of the TSXV. The Company has not commenced operationsand has no assets other than cash. The Company’s principal businessis the identification and evaluation of assets or businesses with aview to completing a "Qualifying Transaction" under thePolicy. As of the date hereof the Company has 4,000,000 Common Sharesissued and outstanding and 400,000 options exercisable on or beforeJune 12, 2029 at a price of $0.10 per Common Share.

For further information please contact:

CastleCap Capital Inc.

Charles Chebry

Director, President, Chief Executive Officer andSecretary

Email: charleschebry@outlook.com

Telephone: (403) 680-8511

CautionaryStatements

This news release containsforward-looking statements and forward-looking information(collectively, "forward-looking statements") within themeaning of applicable securities laws. Any statements that arecontained in this news release that are not statements of historicalfact may be deemed to be forward- looking statements. Forward-lookingstatements are often identified by terms such as "may","should", "anticipate", "will","estimates", "believes", "intends""expects" and similar expressions which are intended toidentify forward-looking statements. Forward-looking statements areinherently uncertain, and the actual performance may be affected by anumber of material factors, assumptions and expectations, many ofwhich are beyond the control of the Parties, including issuance ofcertain securities as part of the break fee under the LOI. Readers arecautioned that assumptions used in the preparation of any forward-looking statements may prove to be incorrect. Events or circumstancesmay cause actual results to differ materially from those predicted asa result of numerous known and unknown risks, uncertainties and otherfactors, many of which are beyond the control of the Parties. Readersare further cautioned not to place undue reliance on anyforward-looking statements, as such information, although consideredreasonable by the respective management of the Parties at the time ofpreparation, may prove to be incorrect and actual results may differmaterially from those anticipated.

The forward-looking statementscontained in this news release are made as of the date of this newsrelease, and are expressly qualified by the foregoing cautionarystatement. Except as expressly required by securities law, neitherParty undertakes any obligation to update publicly or to revise any ofthe included forward-looking statements, whether as a result of newinformation, future events or otherwise.

This news release shall notconstitute an offer to sell or the solicitation of an offer to buy anysecurities in any jurisdiction.

This news release does notconstitute an offer to sell or a solicitation of an offer to buy thesecurities described herein in the United States or in any otherjurisdiction, nor shall there be any sale of the securities in anystate in which such offer, solicitation or sale would be unlawful. Thesecurities have not been and will not be registered under the U.S.Securities Act, or any state securities laws, and accordingly, may notbe offered or sold in the United States except in compliance with theregistration requirements of the U.S. Securities Act and applicablestate securities requirements or pursuant to exemptionstherefrom.

Neither the TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX Venture Exchange)accepts responsibility for the adequacy or accuracy of this newsrelease. No stock exchange, securities commission or other regulatoryauthority has approved or disapproved the information containedherein.

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