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Castle Brands Celebrates 10th Anniversary Toasts Milestone with Knappogue Castle Whiskey FOR IMMEDIATE RELEASE April 21, 2008, New York, NY - Castle Brands Inc. (AMEX: ROX), an emerging international spirits company, today announced that it is celebrating its 10th anniversary by releasing ten Knappogue Castle Whiskey "Castle Collection" cases. Castle Brands was founded in 1998 by Mark Andrews, who continues to serve as the Chairman of its Board of Directors. At its inception, Castle Brands had two employees and one brand, Knappogue Castle Whiskey 1951, which Mr. Andrews inherited from his father. In the 1960s, Mr. Andrews Sr. purchased casks of aged pure pot still whiskey, stored them, and bottled them at their peak. He named the whiskey Knappogue Castle after the castle in Ireland that he owned. The last of his whiskey, Knappogue 1951, aged for 36 years in sherry casks, is the oldest and rarest Irish whiskey in the world. The Company quickly went on to develop its line of award-winning, vintage-dated Knappogue Castle Irish Single Malt Whiskeys. At the time, single malts from Ireland were an anomaly. Most Irish whiskey were blends and single malts from Ireland were new entrants in the Irish whiskey category. Although Knappogue Single Malt has a distinct flavor profile, each vintage of Knappogue Castle Whiskey is unique. Castle Brands has released six vintages to date, Knappogue 1990 through 1995. Since each vintage is a limited edition, the earlier vintages have now become collectors' items. Since 1998, Castle Brands has gone on to develop, acquire and represent a portfolio of other premium and super-premium brands including Boru Vodka, Gosling's Rum and Pallini Limoncello. Its portfolio is represented across the US by the premier distributors in each market with a rapidly expanding presence in the international arena. To celebrate its 10th anniversary, Castle Brands is turning the spotlight on its founding brand. The Company will release 60 bottles (10 six-bottle cases) of Knappogue 1951 this year. It will also release 10 six-bottle "Castle Collection" cases. Each "Castle Collection" case (sold as a unit) will contain one bottle of vintages 1990 through 1995, each bottle signed by Mr. Andrews. In addition, Knappogue Castle Whiskey has launched a new website, www.knappoguewhiskey.com. This sophisticated site explores the rich heritage of the family, Knappogue Whiskey and the castle itself. Utilizing three dimensional interactive technology, the new Knappogue website provides viewers with a truly unique and enhanced experience. As users explore the heritage and whiskey of Knappogue Castle, they will also be invited to become a member of the Knappogue Round Table. Members will receive advance notice of special bottlings, offers and other Knappogue news. The site launches with a special Father's Day offer. For a limited time, members of the Knappogue Round Table can receive a personalized gift card addressed and signed by Mr. Andrews to accompany their gift of Knappogue Castle Whiskey. "My father began bottling Knappogue Castle Irish Whiskey many years ago. His goal was simple...to show the world how wonderful Irish whiskey could be by bottling only the very best", said Mark Andrews. "Dad's whiskey was the cornerstone of Castle Brands and I am very proud of what our Company has created over the last ten years," continued Mark Andrews. More about Knappogue Castle Whiskey Knappogue Castle 1951 is the oldest and rarest Irish whiskey in the world. It is a pure pot still whiskey distilled at the B. Daly Distillery in Tullamore in 1951 and aged for 36 years in sherry casks. Knappogue Castle Irish Single Malt Whiskey is an award-winning, vintage-dated line of single malt whiskey from Ireland. More about Castle Brands Inc. Castle Brands is an emerging developer and international marketer of premium branded spirits within four growing categories of the spirits industry: vodka, rum, whiskey and liqueurs. Castle Brands' portfolio includes Boru® Vodka, Gosling's Rum®, Sea Wynde® Rum, Knappogue Castle Whiskey®, Clontarf® Irish Whiskey, Jefferson's™ and Jefferson's Reserve® Bourbon, Sam Houston® Bourbon, Celtic Crossing® Liqueur, Pallini® Limoncello™, Raspicello™ and Peachcello™ and Brady's® Irish Cream. Safe Harbor Statement This press release includes statements of our expectations, intentions, plans and beliefs that constitute "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are intended to come within the safe harbor protection provided by those sections. These statements, which involve risks and uncertainties, related to the discussion of our business strategies and our expectations concerning future operations, margins, profitability, liquidity and capital resources and to analyses and other information that are based on forecasts of future results and estimates of amounts not yet determinable. We have used words such as "may," "will," "should," "expects," "intends," "plans," "anticipates," "believes," "thinks," "estimates," "seeks," "expects," "predicts," "could," "projects," "potential" and other similar terms and phrases, including references to assumptions, in this press release to identify forward looking statements. These forward looking statements are made based on expectations and beliefs concerning future events affecting us and are subject to uncertainties, risks and factors relating to our operations and business environments, all of which are difficult to predict and many of which are beyond our control, that could cause our actual results to differ materially from those matters expressed or implied by these forward looking statements. More information about these and otherfactors are described under the caption "Risk Factors" in Castle Brands' Annual Report on Form 10-K for the year ended March 31, 2007 filed with the Securities and Exchange Commission. When considering these forward looking statements, you should keep in mind the cautionary statements in this press release and the documents incorporated by reference. New risks and uncertainties arise from time to time, and we cannot predict those events or how they may affect us. We assume no obligation to update any forward looking statements after the date of this press release as a result of new information, future events or developments, except as required by the federal securities laws. # # #
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