Duncan Park Holdings Corporation
TSX VENTURE : DPH

Duncan Park Holdings Corporation

April 17, 2009 08:34 ET

Duncan Park Holdings Corporation Receives Notice that Stock Exchange Listing May Be Transferred to NEX Board of TSX Venture Exchange

TORONTO, ONTARIO--(Marketwire - April 17, 2009) - Duncan Park Holdings Corporation (TSX VENTURE:DPH) ("Duncan Park or the "Company") announces that it has received notice from the TSX Venture Exchange ("TSXV) that it intends to transfer Duncan Park's stock exchange listing to the NEX board of the TSXV unless Duncan Park submits satisfactory evidence to the TSXV by July 14, 2009 that the Company meets the TSXV's Tier 2 Tier Maintenance Requirements.

The notice from the TSXV follows Duncan Park's recent announcement of its US-based subsidiary's intention to give notice of termination on its two leased properties in northern Nevada known as the "Elephant Project" and the "Rock Creek/South Silver Cloud" project. That notice of termination has now been given.

As previously announced, the Company's Board of Directors intends to explore possible opportunities aimed at creating new shareholder value for the Duncan Park shareholders. At the present time, it is not possible to predict the timing of this process and there is no certainty that the process will be successful.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, information with respect to Duncan Park's future plans. Generally, forward-looking information 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 based on the opinions and estimates of management at the date the information is made, and is based on a number of assumptions and 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 risks such as the company's ability to identify and secure alternative business opportunities, obtain necessary financing and requisite regulatory and other approvals as well as risks associated with the exploration, development and mining industry such as the availability of financing, economic factors as they effect exploration, future commodity prices, changes in foreign exchange and interest rates, actual results of exploration activities, government regulation, environmental risks, permitting timelines, capital expenditures, operating or technical difficulties in connection with exploration and development activities, availability of skilled labour and equipment, the speculative nature of gold exploration and development, including the risks of diminishing quantities of grades of reserves, contests over title to properties, and changes in project parameters as plans continue to be refined as well as those risk factors discussed in Duncan Park's management's discussion and analysis for the year ended November 30, 2008, available on www.sedar.com. Although Duncan Park has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Duncan Park does not undertake to update any forward-looking information contained herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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