Carlisle Goldfields Limited

Carlisle Goldfields Limited

June 30, 2011 16:27 ET

Carlisle Shares Commence Trading on the Toronto Stock Exchange

TORONTO, ONTARIO--(Marketwire - June 30, 2011) - Carlisle Goldfields Limited ("Carlisle" or the "Company") (TSX:CGJ) is pleased to announce that it has obtained final approval to list its common shares on the Toronto Stock Exchange ("TSX"). The Company's common shares were listed and posted for trading on the TSX at the opening of trading on Wednesday, June 29, 2011. They are currently trading on the TSX under the trading symbol "CGJ". Carlisle's common shares were previously listed on the Canadian National Stock Exchange ("CNSX"), since June 14, 2010, under the same trading symbol. Carlisle's common shares were delisted from the CNSX at the close of trading on Tuesday, June 28, 2011.

Bruce Reid, Carlisle's President and Chief Executive Officer, stated, "This is a great achievement for Carlisle and its shareholders. The TSX is one of the world's preeminent exchanges for mineral resources companies. A TSX listing will increase our visibility and profile in the capital markets and in the mining industry. Listing on the TSX will also offer benefits to shareholders such as enhanced market access for Canadian and international investors, increased access to capital and improved liquidity. The Company looks forward to continued advancements and to further increasing shareholder value."

About Carlisle: Carlisle Goldfields Limited is a Canadian-based gold exploration and development company, focused on development of its mining leases and claims in the Lynn Lake Greenstone Belt of Northern Manitoba, covering approximately 20,000 hectares which include the former MacLellan Gold mine and two other former producing gold mines.

In mid-2010 (see News Release dated July 26, 2010), Carlisle announced a NI 43-101 compliant Resource Estimate on the MacLellan Gold Property in Lynn Lake, Manitoba, which included Total Open Pit and Underground Resources having increased to 5.3 million tonnes containing 658,200 ounces of AuEq (Gold Equivalent) at an average grade of 3.85 g/t AuEq in the Measured and Indicated categories and 4.4 million tonnes containing 506,200 ounces of AuEq at an average grade of 3.56 g/t AuEq in the Inferred category.

The Company currently has approximately $9.9 million in working capital.

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "Forward-Looking Statements", including the potential benefits associated with the listing of Carlisle's common shares on the TSX, that involve various known and unknown risks and uncertainties and other factors, such as general market trends that impact the mining sector, including the ability of mining companies to obtain financing. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, Carlisle expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Neither the Investment Industry Regulatory Organization of Canada nor the TSX accepts responsibility for the adequacy or accuracy of this release.

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