NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to provide an update on its
100% owned South Swayze Greenstone belt properties in northwestern Ontario. A
two-phase prospecting program was carried out between September 22 and November
14, 2011, with a focus on the Neville-Potier Project. A total of 241 samples
were taken and promising gold and copper results were returned. A geological
mapping and sampling program is being planned for the spring of 2012 to follow
up these results.


Neville-Potier Project

The Neville-Potier Project is a large contiguous claim block consisting of
15,480 acres in Neville and Potier Townships. The claim block straddles the
contact between the prospective Swayze Greenstone Belt and intermediate to
felsic intrusive rocks to the north. Staking by Trelawney Mining and Exploration
in August of 2011 adjoining the northern portion of the claim block, combined
with their takeover of Augen Gold, places the Neville-Potier Project in a
strategic position surrounded on two sides by Trelawney. 


During the autumn prospecting program, a total of 207 grab samples were taken
from a variety of rock types and alteration styles and selectively assayed for
gold, VMS and Cu-Ni-PGE, where warranted. Anomalous gold values were encountered
ranging from 0.6 grams per tonne down to 0.2 grams per tonne in a variety of
lithologies all containing quartz veining or flooding. The highest gold value
encountered in outcrop (0.6 grams per tonne gold) also contained 0.04% copper
and 0.1% molybdenum. Two samples of siliceous felsic volcanic taken 73 meters
apart assayed 0.30% copper and 0.17% copper, respectively. While mafic intrusive
rocks were encountered on the property, only anomalous platinum and palladium
values were encountered. In addition to the samples taken in outcrop, one sample
taken from a large angular boulder returned 2.19 grams per tonne gold in what
has been described as a felsic volcanic rock.


These results suggest that the Neville-Potier Project straddles a prospective
greenstone belt package with the potential to host a variety of mineralization
styles. A one-month geological mapping and sampling program to focus on the
prospective areas encountered during the autumn 2011 prospecting program is
planned for the spring of 2012.


Chester Project

During the summer of 2011, a modest drill program of four holes totalling 1,050
meters was completed focusing on targets on the eastern portion of Newcastle's
Chester property. The alteration and fracturing encountered during drilling may
be associated with the "Ridout deformation zone", which is an important
structural element in the area, as described in Trelawney Mining and Exploration
Inc.'s National Instrument 43-101 technical report on its Cote Lake deposit.


During the autumn prospecting program, a total of 14 samples were taken with no
significant gold values returned. Prospecting did, however, encounter felsic to
intermediate intrusives that contain quartz veining and are brecciated in
places. Mapping, along with additional sampling, is warranted in these
structural zones.


Mollie River

Newcastle's 100%-owned Mollie River property comprises 37 units totaling 1,480
acres and adjoins Trelawney Mining and Exploration east of their Cote Lake
deposit.


A total of 20 samples were taken for assay on the Mollie River claim during the
autumn of 2011. Mafic and felsic intrusive rocks were encountered on the
property, however no significant gold or Cu-Ni-PGE values were returned. Limited
sampling during this program warrants further exploration of the Mollie River
claims.


Newcastle's President, Michael Romanik, said, "The results from the autumn 2011
program are very encouraging and suggest that the large Neville-Potier Project
has potential to host gold mineralization in a variety of locations. We look
forward to the results of the mapping and sampling program slated for the spring
of 2012." 


The technical information herein was prepared under the supervision of Mr. Garry
Clark, P. Geo., of Clark Exploration Consulting Inc., who acts as Newcastle's
Qualified Person as defined by National Instrument 43-101.


Newcastle Minerals Ltd. is a Canadian gold exploration company trading on the
TSX Venture Exchange (TSX VENTURE:NCM). The company is advancing its three key
properties: the 11,100-hectare Pickle Lake Property in northwestern Ontario, its
6,898-hectare property located in the Swayze greenstone belt of Ontario near
Trelawney Mining and Exploration Inc.'s Cote Lake deposit, and its 120-hectare
Carscallen Property in the West Timmins area of Ontario.


ON BEHALF OF THE BOARD

Michael Romanik, President

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