NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that the
six-hole, 1158.8-meter NQ sized core diamond drilling program on its 100% owned
Snip North Property, located in the Iskut River area of northwestern British
Columbia, which commenced in early October was completed on October 27, 2007.
The Company also previously completed a five-hole, 1047.9-meter NQ sized
core-drilling program on the property in October 2006. The Snip North property
is located on trend and some 2 to 2.5 kilometers to the northwest of the Bronson
Slope gold-copper-silver-molybdenum deposit owned by Skyline Gold Corporation.


Iskut Deposit - 2007 Drilling Results

The assay results from this 2007 drilling program and, as well, the 2006
drilling program confirm the definition of a separate copper-gold-molybdenum
porphyry mineralization zone, called the Iskut Deposit, that is returning
significant gold-copper-molybdenum values over substantial intercept lengths.
The results from the 2007 drilling program for the five Iskut Deposit drill
holes are as follows:




                From        To   Intercept       Au      Cu      Mo    Ag
Hole         (meters)  (meters)    (meters)     g/t       %       %   g/t
-------------------------------------------------------------------------
SN 07-01         3.8     183.8       180.0    0.448   0.132   0.010   0.6
 including      16.2      65.7        49.5    0.622   0.134   0.003   0.9
 including     147.2     183.8        36.6    0.434   0.180   0.027   0.5

SN 07-02        25.3      80.2        54.9    0.609   0.086   0.003   1.2
 including      28.3      34.4         6.1    1.615   0.119   0.001   1.5
 including      61.9      77.1        15.2    0.723   0.171   0.006   2.4

SN 07-03        13.1      19.2         6.1    0.193   0.092   0.003   0.6
 and            52.7     208.1       155.4    0.575   0.134   0.006   1.2
 including      52.7      83.2        30.5    0.793   0.166   0.005   2.1
 including      92.3     110.6        18.3    0.934   0.239   0.018   1.6
 including     150.3     168.6        18.3    0.863   0.240   0.007   1.0

SN 07-04         4.4      31.1          27    0.417   0.173   0.020   0.6
 and            46.6     162.5       115.9    0.369   0.171   0.013   0.5
 including     107.6     147.2        39.6    0.530   0.236   0.014   0.8
 and           171.6     186.8        15.2    0.257   0.043   0.002   0.4
 and           196.0     202.1         6.1    0.315   0.067   0.002   0.0

SN 07-05       No significant metal values



These results are based on gold cut-off of 0.200 grams per tonne and/or a copper
grade of 0.070% over a minimum intercept length of 6.0 meters.


The limited drilling and preliminary geological modeling to date, has defined an
east-west trending deposit, dipping steeply south, to be some 500 to 600 meters
in trend length, and ranges from 200 to 300 meters in true width and has been
drilled, at the deepest, to a depth of 200 meters. The deposit is open along
trend to the west, possibly to the east, and to depth. The deposit sub crops
below a thin cover of overburden and glacial cover. Essentially no outcrop
exists in the location of the current deposit. Outcrop expression on the
property is rare and is limited to incised stream valley bottoms, the north side
of the Iskut River and some valley sides.


This deposit is located adjacent and on the north side of the Iskut River and
parallels the river where defined. The mineralization is contained within
altered fine-grained Upper Triassic/Jurassic clastic sediments and andesitic
tuffs. Silicified sediments and tuffs, quartz veins and veinlets, pyrite,
chalcopyrite, minor epidote and magnetite define the porphyry mineralization and
alteration.


The bulk of the 2007 drilling program, totaling five holes, was designed to test
the strike, width, and depth extensions of the gold-copper-molybdenum porphyry
Iskut Deposit initially outlined during the 2006 drilling program. The 2007
drilling on the deposit was completed on three separate north-south sections,
each in the order of 200 meters apart.


Holes SN 07-03 and SN 07-04 represent the most westerly drill section on the
property, which was drilled south to north from the hanging wall side of the
deposit through to the footwall side of the deposit, respectively. Holes SN
07-01 and SN 07-02, a second parallel section 200 meters to the east, was also
drilled from the hanging wall side and through the footwall side, respectively.
Hole SN 07-05 on a third section approximately 200 meters east of the second
section was situated to the north and on the footwall side of the deposit and
consequently did not intersect mineralization. These holes complemented drilling
coverage done in 2006 on the second and third above noted sections. All drill
holes were directed at a 360 degrees azimuth and at a dip of -50 degrees to the
north. ACME Laboratories of Vancouver, BC completed core assays for copper,
gold, silver, and molybdenum.


Four 2007 drill holes on the Iskut Deposit returned significant grade and
lengthy intercepts that are tabulated above. Holes SN 07-01 and SN 07-04,
collared in mineralization, were essentially mineralized throughout their
complete lengths and bottomed in mineralization. Hole SN 07-03 was mineralized
for most of its length and also bottomed in mineralization. Hole SN 07-02
intercepted a significant length of relatively gold-enhanced mineralization on
the footwall wall side of the deposit.


East Zone - 2007 Rock Sampling & Drilling Results

In the vicinity of the East Zone, located some 550 meters to the east of the
east edge of the Iskut Deposit, historical exploration in 1987 defined an area
of rock sampling containing low-grade copper and gold mineralization indicative
of porphyry mineralization. Representative sampling by the Company in
mid-October 2007 returned the following results from limited rock grab sampling:




Sample      Au      Cu     Mo     Ag
No.       (ppb)     (%)  (ppm)  (ppm)   Location
----------------------------------------------------------------------
708449     498   0.083      5    2.6    Adjacent to SN07-06 Drill Site
708448     240   0.014     10    0.5    Outcrop 100 m SE of SN 07-06
708447      55   0.041      5    0.4    Outcrop 190 m SE of SN 07-06
708446    2555   0.058    156    7.6    Outcrop 200 m SE of SN 07-06



The Company's sixth and final drill hole, from the October 2007 drilling
program, SN 07-06, was completed to a depth of 155.7 meters to test this zone.
The results are as follows:




                From        To   Intercept       Au      Cu      Mo    Ag
Hole         (meters)  (meters)    (meters)     g/t       %       %   g/t
-------------------------------------------------------------------------
SN 07-06        10.1      16.2         6.1    0.264   0.071   0.001   1.8
 and            40.5     101.5        61.0    0.320   0.074   0.001   1.5



Untested areas of ground both to the west and east of drill site SN 07-06
cumulating in approximately 700 meters of favorable trend remain to be
evaluated.


Future Exploration Work

Newcastle's next objective is to compile the exploration and drilling results
from the 2007 program and to complete a technical report on the Snip North
property that is National Instrument 43-101-compliant. This report will detail
the future drilling and exploration recommended to further evaluate the
property.


The technical information in this news release has been prepared in accordance
with Canadian regulatory requirements set out in National Instrument 43-101 and
reviewed for technical accuracy by Mr. A. A. Burgoyne, P.Eng., M.Sc., of
Burgoyne Geological Inc., who serves as the Qualified Person for the property
under National Instrument 43-101.


ON BEHALF OF THE BOARD

Kevin C. Whelan, President

Mr. Lou Straith, A.Sc.T. and. Mr. Cam DeLong, B.Sc., M.Sc, managed the drilling
program on the Snip North property. Mr. A.A. Burgoyne, M.Sc., P.Eng. is the
designated Qualified Person (Q.P.) for the project and has verified the data
disclosed. He has determined that the laboratory reports matched the drill
sample logs and that the quality control assays fall within reasonable limits.
Newcastle Minerals' QA/QC procedures incorporate blanks and duplicates inserted
at the drill site and standards after sample preparation. Drilling is by wire
line core using diamond bits. ACME Analytical Laboratories Ltd. in Vancouver,
British Columbia (an ISO9001: 2000 accredited lab) process a one-half split of
NQ diameter core from each three-meter section of the drill hole weighing
approximately 9 kg. Analyses for gold are with a 50 gram sub sample, fire assay
fusion with ICP-ES (Induced Couple Plasma-Emission Spectrographic) finish;
copper analyses are with a 1 gram sub sample, aqua regia digestion followed by
ICP-ES finish; silver and molybdenum analyses are with a 0.5 gram sub sample,
aqua regia digestion followed by ICP-ES finish.

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