Mr. Farshad Shirvani reports

CASA MINERALS INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

Casa Minerals Inc. has closed the first tranche of its previously announced non-brokered private placement. The company has closed on a total of 4,917,000 units at a price of 12.5 cents per unit for gross proceeds of up to $614,625.

Each unit consists of one common share of the company and one common share purchase warrant. Each of the 4,917,000 warrants entitles the holder to acquire one additional share for a period of two years until Feb. 4, 2028. The warrant exercise strike price is 15 cents per share in the first three months and automatically converts to 20 cents per share for the rest of the two-year period.

All issued securities will be subject to a four-month-and-one-day hold period, during which any resale or other transfer will be restricted in accordance with applicable securities laws.

Finders' fees of $24,000 have been paid to registered financial institutions.

Net proceeds from the offering will be used for general administration, exploration and development activities on the company's projects in Arizona, and British Columbia, Canada. The company will continue to raise the remaining placement in the coming week.

The completion of the private placement remains subject to approval of the TSX Venture Exchange.

About Casa Minerals Inc.

The company is engaged in the acquisition, exploration and development of mineral properties located in Canada and the United States. Casa owns a 90-per-cent interest in the Congress gold mine (Arizona, United States). Additionally, the company owns a 100-per-cent interest in the polymetallic Pitman (British Columbia, Canada) and has an option to acquire a 75-per-cent interest in the Arsenault volcanogenic massive sulphide property (B.C., Canada).