Duncan Park Holdings Corporation

Duncan Park Holdings Corporation

November 09, 2006 15:42 ET

Duncan Park Holdings Corporation: Drilling Update at Rock Creek Claims, Lander and Eureka Counties, Nevada

TORONTO, ONTARIO--(CCNMatthews - Nov. 9, 2006) - Duncan Park Holdings Corporation ("Duncan Park") (TSX VENTURE:DPH) announces that it is nearing completion of the first round of its core drilling exploration program on its Rock Creek exploration project.

Duncan Park has completed three of the four diamond bit core drill holes in the initial phase of its drilling program, totaling approximately 6,680 feet of coring to date. An additional core drill hole is planned to further delineate the known volcanic-hosted, low sulfidation epithermal vein system. This fourth hole is based upon the latest geophysical results using Gradient Array/self Potential survey and Apparent Resistivity completed by Practical Geophysics Inc. Please refer to press release of August 10, 2006 for further information on the Rock Creek exploration project.

The Rock Creek project is located in northern Nevada, 30 miles east-northeast of Battle Mountain, Nevada. The property is located along the Northern Nevada Rift ("NNR"), a major geologic feature that hosts high-grade, vein gold properties like Midas, Ivanhoe and Silver Cloud. The property has had shallow, intermittent exploration in the past. None of the earlier drilling tested deeper levels (greater than 700 feet vertical depth from surface) for high-grade mineralization associated with boiling zones during vein formation.

The new Gradient Array/self potential survey results conducted by Practical Geophysics completely covered Section 8 at the Rock Creek project. Data from this survey delineated four areas of prospective anomalies defined by coupled Spontaneous Potential and Apparent Resistivity anomalies. The 1993 Gradient Array survey outlined anomalies found on the surface along the North-Northwest trending zone of silicification and argillization drilled by the historical exploration programs conducted by other parties at Rock Creek. Gradient array is a geophysical technique useful for locating and defining veins associated with the NNR. The data covers much of the Rock Creek project area and is interpreted to show both known and previously unknown veins on the property.

The model drilled thus far has been based on a Midas-type mineralization model. Core drilling completed has shown that the volcanic hosted epithermal model holds true to depths of approximately 1,000 feet. Below this depth, Late Paleozoic bedrock is encountered in the form of probable Battle Conglomerate Formation equivalent, which, in turn, is underlain by Late to Early Paleozoic sheared mudstone. At deeper levels silicified limestone interbedded with calcareous mudstones are found. These lower units are inferred to be Lower Plate lithologies.

Preliminary assay data received to date indicates that there is elevated, anomalous Silver with some zones of anomalous Gold, hosted within both the volcanic high level package and also within the Paleozoic sheared mudstone lithologies. A complete set of assay results from all core holes is required to further verify the extent of mineralization.

The occurrence of sulfide-bearing Barite veining at depth along with the thick package of calcareous rock suggest that the deep anomalous mineralization may be related to deep epithermal and/or Carlin-type mineralizing hydrothermal systems.

To review the latest geophysical survey report and results at Rock Creek, please visit Duncan Parks's website at www.duncanpark.com.

All of the drill holes drilled by Duncan park at Rock Creek have been cored from surface. The core is collected each day by the geologist and brought to a secure core facility. The core is split and ALS Chemex picks up the split core from the facility and delivers it to its laboratory in Elko Nevada for preparation and analysis. The prepared core samples are then analyzed using ALS Chemex's fire assay-Atomic Absorption AA-Au23 method for Gold and Ms-ICP for the multi-element analyses.

This report was prepared by Greg Griffin, BSc, geology, Regional Manager of Duncan Park Holdings Nevada, Ltd., a subsidiary of Duncan Park. The data herein and the contents of this press release have been reviewed by Mr. Larry Kornze, BSc, geological engineering, a Director of Duncan Park, who is designated as the qualified person for purposes of National Instrument 43-101, with the ability and authority to verify the authenticity and validity of this data.

Duncan Park intends to post shortly an updated exploration report on its website at www.duncanpark.com.

Cautionary Note Regarding Forward-Looking Information

This press release contains "forward-looking information", within the meaning of applicable Canadian securities legislation, concerning the business and operations and condition of Duncan Park. Forward-looking information includes, but is not limited to, statements with respect to exploration plans and possible results. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Duncan Park, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks related to exploration activities, international operations; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future commodity prices; possible variations in possible mineralization, government regulation, environmental risks, failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks associated with mineral exploration. Although Duncan Park has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Duncan Park does not undertake to update any forward-looking information that may be included herein, except in accordance with applicable securities laws.

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

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