Celeste Announces New CFO Engagement and Issuance of Options

CALGARY, ALBERTA--(Marketwire - March 25, 2013) - Celeste Mining Corp. (TSX VENTURE:C) ("Celeste" or the "Company") is pleased to announce that it has engaged Mr. Max Missiouk as an interim CFO of the Company. Mr. Missiouk is a Certified Management Accountant and has a graduate degree with honours in Banking and Finance, as well as a postgraduate degree in Management. Mr. Missiouk has served as a controller and as an accounting manager in a number of public and private companies over the last several years.

Alan Shoesmith, the CEO of Celeste, commented, "I am pleased that Mr. Missiouk has agreed to join Celeste at this crucial point of our development. This is an important addition to the Company's management team. His experience in various publicly listed mining companies will be of critical importance to Celeste as our board and management moves forward with its corporate and technical development plan."

The Company also announces the grant of 300,000 options to Mr. Missiouk and 200,000 options to Richard Kelertas, who has recently joined the board of Celeste on March 15, 2013. The exercise price of the stock options shall be $0.10 per common share and they shall be exercisable until March 25^th, 2018, subject to the terms and conditions set out in the stock options agreement between the corporation and Mr. Missiouk.

ABOUT CELESTE

Celeste is a Canadian corporation currently focused on the acquisition of an interest in Cornish Minerals Limited (a UK registered company) which controls mining rights in the historic Cornish mining region in Cornwall, England, including the South Crofty Mine as announced in a news release dated May 25, 2011. In addition, Celeste continues to assess other tin, copper and copper-gold properties for exploration and development opportunities.

Celeste shares trade on the TSX Venture Exchange under the symbol C. Celeste's website can be accessed at www.celestemining.com

Caution Concerning Forward‐Looking Information

Certain statements contained in this news release constitute "forward-looking statements" as such term is used in applicable Canadian and US securities laws. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. In particular, there is no certainty that the additional assays from the 2011 and 2012 drilling program or future drill programs or the formalizing next steps will identify additional resources and other factors and events described in this news release should be viewed as forward-looking statements to the extent that they involve estimates thereof. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects" or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans, "estimates" or "intends", or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved) are not statements of historical fact and should be viewed as "forward-looking statements". Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, identifying additional resources, availability of capital to fund exploration projects; political, social and other risks inherent in carrying on business in a foreign jurisdiction and such other business risks as discussed herein and other publicly filed disclosure documents. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could vary or differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release.

Forward looking statements are made based on management's beliefs, estimates and opinions on the date the statements are made and the Company undertakes no obligation to update forward-looking statements and if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

This news release contains forward-looking statements based on assumptions, uncertainties and management's best estimates of future events. When used herein, words such as "intended" and similar expressions are intended to identify forward-looking statements. Forward-looking statements are based on assumptions by and information available to the Company. Investors are cautioned that such forward-looking statements involve risks and uncertainties. Actual results may differ materially from those currently anticipated. The forward-looking statements contained herein are expressly qualified by this cautionary statement.