Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported today on results
from the fall 2010 drill program at its Porphyry Creek project located 20
kilometers northwest of Smithers, in northwest British Columbia.


Three drill holes totaling 1,330 meters were completed at a nominal 100 meter
spacing to test a 200 meter strike length of coincident geophysical and surface
geochemical anomalies at the Sultana prospect, one of seven priority targets on
the 130 square kilometer project.


All three drill holes were mineralized throughout their length with chalcopyrite
and lesser molybdenite. Overall, copper values are seen increasing down hole
towards the magnetic low that encircles the drill sites (see figure at
http://duncastlegoldcorp.com). The best results were returned from PC10-01 which
averaged 0.055% copper over its entire 441 meter length including a lower 105
meter interval averaging 0.10% copper increasing to 0.20% copper over the final
30 meters of the hole. PC-10-01 also intersected two separate three meter
intervals with 0.34% and 0.35% copper, and a six meter zone of high-grade
molybdenum with copper and precious metals values grading 0.30% molybdenum,
0.30% copper, 13.9 g/t silver and 0.16 g/t gold. Mineralization is associated
with moderate to strong potassic alteration of the intrusive host rock with
later-phase phyllic and propylitic alteration associated with some of the higher
copper values.


Similarly, PC10-02 averaged 0.037% Cu over 304 meters and PC10-03 averaged
0.033% Cu over 580 meters in the same altered host rock. All values are reported
as down hole thickness.


The holes were collared within a strong magnetic high and drilled westward into
an area of low magnetics and a strong in-phase electromagnetic (EM) signature.
Increasing copper grades correlate closely with the transition toward the
electromagnetic high in both drill holes PC10-01 and PC10-03 and stronger
phyllic alteration of the host rock with a higher overall pyrite content. 


The annular shape of the magnetic response, together with the massive nature of
the host rock (granodiorite), alteration styles, and the persistent
concentrations of copper and molybdenum suggest that the holes were collared in
the centre of a porphyry copper-molybdenum system.


Duncastle Gold is planning follow-up drilling at Sultana to test the adjacent
electromagnetic high which extends for over 800 meters width x 1,200 meters
strike length. Work is also being planned for other areas on the property where
airborne and geochemical survey work has identified multiple targets that will
be followed up with groundwork in spring 2011.


President Michael Rowley commented: "We are very pleased with the results from
our first drill program on the property. We have the potential to define a
well-mineralized porphyry copper-molybdenum system that is consistent with the
area geology and existing discoveries. In addition, the airborne geophysical
survey has demonstrated excellent value in terms of target identification and
definition, which should accelerate future target development."


The Porphyry Creek project covers over 130 sq km of mineral claims with historic
workings and numerous high-grade gold, silver and polymetallic showings around a
distinct 10 kilometer long magnetic high with coincident copper, lead and zinc
geochemical anomalies shown in government data. Data compilation and modeling by
Duncastle has demonstrated mineral zonation on the property consistent with
porphyry style deposits. There are over 20 porphyry discoveries in the region,
including Berg, Bell, Huckleberry, Mt Milligan, and Galore Creek among others,
plus other deposit types (eg Eskay Creek).


New Claims Added

Duncastle Gold also reported today that it added 1,515 contiguous hectares to
the Porphyry Creek mineral claim group via direct staking based on the positive
drill and airborne results, bringing the property total to about 13,097 hectares
(over 130 square kilometers).


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 addition to the Porphyry Creek project, Duncastle holds the
Yankee-Dundee mine in Southeast BC with a focus on high-grade
gold-silver-lead-zinc veins just 50 km from the smelter at Trail, BC. Duncastle
has assembled contiguous claim blocks totaling more than 190 sq km in 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$275 million in exploration financing.


Rob Macdonald (P.Geo.), is the Qualified Person responsible for reviewing the
technical results in 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.