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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Duncastle Gold Corp. Michael Rowley 1.888.456.1112 or 604.641.2742 mrowley@mnxltd.com Duncastle Gold Corp. Liana Shahinian 1.888.456.1112 or 604.641.2773 liana@mnxltd.com duncastlegoldcorp.com