22nd March 2007


“We are delighted to have our fine products so honoured,” said Malcolm Gosling, CEO, Gosling-Castle Partners. “These awards underscore the enthusiastic response we’ve been enjoying from rum consumers, connoisseurs and within the trade.” A Bermuda family tradition since the nineteenth century, Gosling’s Black Seal® Rum has developed a loyal following in the U.S. amongst yachtsmen, Bermuda visitors, and lovers of premium aged rum. “Our Family Reserve Old Rum has set a standard for finesse in aged spirits,” said Gosling, “a very limited release, hard to find, but worth the search.” Hand labeled and numbered in a wooden presentation box, Family Reserve Old Rum is the ultimate sipping spirit. Gosling’s Gold Bermuda Rum, first produced in 2005, brings an uncommonly versatile, soft, well rounded and nuanced spirit to the amber rum category. “Our newest product is frisky and ready for fun — great on its own and a terrific mixer.” About the San Francisco World Spirits Competition The 7th Annual competition attracted over 700 entrants from 53 countries that submitted to blind tastings by a panel of distinguished judges led by its founder, wines and spirits expert and columnist, Anthony Dias Blue. The San Francisco World Spirits Competition is the first comprehensive, annual international spirits judging to be held in the United States. About Gosling’s Rums – The “Spirit of Bermuda” In 1806, with a ship full of spirits bound for America, Englishman James Gosling ran out of wind and time. His charter expired and they put in at the nearest landfall — Bermuda. There, on the King’s Parade, St. George’s, James opened a shop and the Gosling Family has been in Bermuda ever since. Today, Gosling Brothers is Bermuda’s oldest business house and Gosling’s Black Rums are Bermuda number one export. In 2003, seventh generation rum maker Malcolm Gosling formed Gosling’s Export (Bermuda) Limited and launched a long-planned strategy to expand the family brand worldwide. Now, as President and CEO of Gosling-Castle Partners, Inc., and having relocated in the U.S., Malcolm Gosling seeks to ensure that the Gosling’s name and award-winning products will continue to grow in popularity. More information: Edward Bottone 215 753 1417 Gosling-Castle Partners, Inc 570 Lexington Avenue New York, NY 10022 Tel: 646.356.0200 Fax: 646.356.0222 Gosling-Castle Partners exports Gosling’s Rum and Gosling’s Gourmet. Castle Brands (USA) Corp., a subsidiary of Castle Brands Inc., is the exclusive distributor of Gosling’s Rum in the United States. About Castle Brands Castle Brands is an emerging developer and global marketer of premium branded spirits within four growing categories of the spirits industry: vodka, rum, Irish whiskey and liqueurs/cordials. Currently, the Castle Brands’ portfolio includes Boru® Vodka, Gosling’s Rum®, Sea Wynde® Rum, Knappogue Castle® Irish Single Malt Whiskey, Clontarf® Irish Whiskey, Celtic Crossing Liqueur®, Pallini® Limoncello, Raspicello and Peachcello and Brady’s Irish Cream®. Safe Harbor Statement All statements in this press release that are not historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements may be identified by words such as “believe”, “intend,” “expect”, “may”, “could”, “would”, “will”, “should”, “plan”, “project”, “contemplate”, “anticipate”, or similar statements. Because these statements reflect Castle Brands’ current views concerning future events, these forward-looking statements are subject to risks and uncertainties. Castle Brands’ actual results could differ materially from those anticipated in these forward-looking statements as a result of many factors, including, but not limited to, demand for its products and services, its ability to compete effectively, its ability to increase revenue from its newer products and services and the other factors described under the caption “Risk Factors” in Castle Brands’ Annual Report on Form 10-K for the year ended March 31, 2006 filed with the Securities and Exchange Commission. Castle Brands undertakes no obligation to update publicly any forward-looking statements contained in this press release.