Duncastle Gold Corp. (the "Company") (TSX VENTURE:DUN)(FRANKFURT:5D3) reported
today that it has received an engineering summary report on its historic
Yankee-Dundee mine project, located three kilometres northeast of Ymir and 50
kilometres from Trail, in southeastern British Columbia.


The report, prepared by Doug Irving, PEng, of Chapman, Wood & Griswold Inc
following a full data review and mine visit, outlines on a conceptual basis two
clear alternatives for potential underground development and production and sets
resource benchmarks and timing estimates for each scenario.


The report re-affirms additional mineral resource potential in the Yankee Girl
structure which could support an initial 50,000 to 75,000 tonnes per year
underground operation. Gold, silver and polymetallic mineralization of
potentially economic grade have been identified adjacent to existing mine
workings at the Yankee Girl West zone near the 1235 adit (by Duncastle) and at
the Cayzor raise near the Wildhorse adit (historic records) that with some
additional drilling could constitute the initial tonnages required for
underground mine development.


Two possible operating scenarios are presented in the report including a
"Mine-only" alternative to produce feed ore to existing facilities in the area
on a reduced timeline with relatively low capital requirements and a "Mine and
Mill" scenario developed at a greater cost and time requirement. Broad initial
estimates in terms of costs, time and project requirements are provided for both
scenarios.


The report concludes that the Yankee-Dundee project warrants further exploration
and recommends a minimum level of surface drilling in order to support a NI
43-101 compliant resource estimate which may be used as the basis for funding an
underground mining scenario with gold as the principal source of revenue,
supplemented with credits from silver, lead and zinc values.


The Company is in discussions with potential development partners to work with
in advancing the project through underground development and a bulk sample
program with the goal of production.


About Duncastle Gold

Duncastle Gold Corp. is a Vancouver based gold exploration company with mineral
claims covering or surrounding past producing mines in two historic BC
districts. In Southeast BC Duncastle holds a claim block with a focus on the
high-grade gold-silver-lead-zinc veins at the former Yankee-Dundee mine, 50 km
from the smelter at Trail, BC. In Northwest BC the Company's Porphyry Creek
project covers a 10 km long magnetic anomaly, previous workings, and high-grade
precious metal veins with coincident geophysical anomalies. Duncastle has
assembled contiguous claim blocks totaling more than 190 sq km in these two
productive regions.


As part of the Manex Resource Group, Duncastle benefits from shared expertise in
corporate finance, public company administration, investor relations, and the
technical and geological services provided for the eight public companies active
in North America. Since its formation in 1997, the Manex Group companies have
raised over C$250 million in exploration financing.


Robert Macdonald (P.Geo) is the Qualified Person as defined by National
Instrument 43-101 for the Yankee-Dundee project and has reviewed and approved
the technical contents of this release.


On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Duncastle Gold
Corp. does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law.