Duncan Park Holdings Corporation
TSX VENTURE : DPH

Duncan Park Holdings Corporation

June 17, 2005 13:27 ET

Duncan Park Announces That Joint Venture Partner To Increase Interest In Elephant Gold And Silver Project

TORONTO, ONTARIO--(CCNMatthews - June 17, 2005) - Duncan Park Holdings Corporation (TSX VENTURE:DPH) is pleased to announce that Randsburg International Gold Corp. has advised Duncan Park that it is exercising its option to earn up to an additional 25% interest in the Elephant Gold and Silver Joint Venture Project, which is situated within the heart of the Battle Mountain mining district, in the northwest part of the Battle Mountain-Cortez-Eureka Trend, Nevada. Randsburg currently has a 25% interest in the joint venture. To earn the additional 25% interest, bringing Randsburg's interest to 50%, Randsburg must pay Duncan Park additional cash or stock with a value of $250,000 U.S. and fund additional exploration expenses of $500,000 U.S. on the Elephant project.

As previously announced, a Phase 2 drill program is currently in progress on the property and several targets are being tested.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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