Duncastle Gold Corp.

Duncastle Gold Corp.

July 27, 2009 15:13 ET

Duncastle Closes Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 27, 2009) - Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported that it has now closed its previously announced (July 20/09) non-brokered flow-through unit private placement for gross proceeds of C$117,500. The private placement consisted of 1,068,182 units at a price of C$0.11 per unit. Each unit issued was comprised of one flow-through common share and one-half share purchase warrant, with each whole warrant exercisable to purchase one additional non flow-through common share at an exercise price of C$0.15 per share for a period of two years.

All securities issued pursuant to this flow-through private placement, including common shares, share purchase warrants and finders' warrants issued as finders' fees, carry a legend restricting trading of the securities until November 25, 2009. The private placement and finders' fees are subject to regulatory approval.

On behalf of the Board of Directors,

Lawrence Page, Q.C., 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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