Focused on Gold and Copper:
• New Copper-Moly Porphyry Discovery
• Past-Producing Gold-Silver Mine

Duncastle Gold Corp. (DUN.TSX.V) is a mineral exploration company with a British Columbia gold-copper focus.  Duncastle’s projects cover over 205 square kilometers of highly prospective mineral claims covering or surrounding significant past producing mines in two historic districts in British Columbia, Canada.  Complementing the strength of its projects, Duncastle is well-structured with a veteran board and experienced geological, financial and management teams.

In December 2010 Duncastle announced a new porphyry copper-molybdenum discovery at its Porphyry Creek project in Northwest BC, 20 kilometers northwest of Smithers.  This exciting discovery followed an aggressive fall 2010 drill program at the most advanced target on the property, the Sultana mine, and returned chalcopyrite and molybdenite veins throughout the entire 1,330 meter core length across three holes covering 200 meters north to south.  All three holes averaged over 0.04% copper and the southmost hole, PC10-01, ended in 30 meters of 0.20% copper with grade increasing downhole toward the encircling geophysical anomaly.  At about two kilometers in diameter the ring-shaped anomaly – a textbook signature of porphyry deposits - presents a well-known target in the region which is dominated by large and very large porphyry deposits such as Huckleberry, Berg, Bell, Red Chris and Galore Creek among others.  Analysis of the drill results suggest the holes collared in the centre of a porphyry system, a zone which is generally lower grade in the classic porphyry mineralization model.  Expansion of the Sultana porphyry discovery is a priority for 2011 and a +2,400 meter drill program targeting an area 800 meters by 1,200 meters is planned.

The Porphyry Creek project consists of over 130 square kilometers of mineral claims in this highly productive and speculative region.  The property includes multiple high-grade gold, silver and base metal showings and previous workings on both sides of a well defined 10 km long magnetic anomaly.  In addition to Sultana, work is planned at five other targets for 2011 including additional porphyry targets, an IOCG/skarn target, and high-grade vein systems including several where historic data and workings coincide with geophysical and geological anomalies.

In Southeast BC, on the Yankee-Dundee project, the Company has confirmed an extension of the historic Yankee Girl Mine, a former producing high-grade gold-silver-lead-zinc mine just 50 kilometers from the smelter at Trail BC.  Duncastle has been actively consolidating area claims since 2004 and now holds most of the historic Ymir Camp, which produced over $500 million in gross value at today’s prices and was at one time the largest silver producer in the British Commonwealth.  As the largest mine in the Ymir Camp, the Yankee Girl Mine has potential for accelerated, low-cost production with high-grade mineralization near existing workings, pro-industry area, and excellent access and infrastructure.

Duncastle’s strategy has been to consolidate claims in target project areas and to apply modern methods to further explore their potential.  By targeting and aggregating underexplored claims into larger land positions in highly prospective areas, Duncastle enables larger geologic models for exploration.  Duncastle’s founders commenced staking and acquisition in a recovering commodities market, before the staking rush brought on by the advent of online claim staking in BC, giving Duncastle an early advantage in target areas.

Both projects are well serviced areas with nearby communities. Duncastle has a positive history of working in and with local communities, suppliers and exploration service companies.

Duncastle was incorporated in 2006 and commenced trading on the TSX Venture in September 2007.  As part of the Manex Resource Group, Duncastle benefits from shared expertise in corporate finance, public company administration, investor relations, and technical and geological services provided for six public companies.  Companies within the Manex group have raised over C$300 million in exploration and development financing since its formation in 1997.