Duncastle Gold Corp.

Duncastle Gold Corp.

August 29, 2012 18:09 ET

Duncastle Announces Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 29, 2012) - Duncastle Gold Corp. ("Duncastle") (TSX VENTURE:DUN)(FRANKFURT:5D3) reports that, further to its news release of June 29, 2012, it has proceeded with a consolidation of its issued and outstanding common shares on a 1 new share for 10 old shares basis. Effective at the opening of the market on August 30, 2012, Duncastle's shares will trade on a consolidated basis under the symbol "DUN" (with new CUSIP number 265151209). As at the date hereof, there are an aggregate of 85,685,302 common shares issued and outstanding and it is expected that there will be an aggregate of approximately 8,568,530 common shares issued and outstanding upon effecting the consolidation. Letters of Transmittal will be forthcoming.

On behalf of the Board of Directors,

Michael Rowley, President & Director

Duncastle Gold Corp.

Neither TSX Venture Exchange nor its Regulation Services 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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