Duncastle Gold Corp.

Duncastle Gold Corp.

July 05, 2011 09:15 ET

Duncastle Completes Second Drill Program at Porphyry Creek

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 5, 2011) - Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) ("Duncastle") reported today that it has completed the first drill program of 2011 on its Porphyry Creek project located 30 kilometers northwest of Smithers, in northwest British Columbia.

Six holes totaling about 2,583 meters of a planned 2,400 meter program were drilled in the Sultana mine area on the east side of the large 135 square kilometer property. Five holes were drilled south, west and southwest of the 2010 discovery holes in which all three drill holes were mineralized throughout their length with chalcopyrite and molybdenite including an average of 0.055% copper in hole PC10-01 (441 meters), which ended in 0.20% copper over the final 30 meters of the hole (see December 16, 2011 news release). A sixth hole was drilled from a pad to the northwest to test the highest electromagnetic conductor (geophysical anomaly) in the Sultana area. Together the nine holes drilled to date test an area over 600 meters in length as shown in the following figure: http://duncastlegoldcorp.com/uploads/projects/16/sultana-2011-for-web.jpg

Assay results are pending and additional drilling will be scheduled thereafter. Duncastle is now planning reconnaissance ground geological work and geochemical survey programs for the west side of the claim group as summarized in news releases dated February 22 and May 25, 2011. Potential ground geophysics and drilling are planned in these target areas later in the summer. A figure summarizing the other targets at Porphyry Creek is available at: http://www.duncastlegoldcorp.com/uploads/tinymce/other_targets_large.jpg

There are over 20 porphyry discoveries in the region, including Berg, Bell, Huckleberry, Mt Milligan, and Galore Creek among others, plus other deposit types (e.g. Eskay Creek). The Porphyry Creek claim group includes historic workings and numerous high-grade gold, silver and polymetallic showings around a distinct 10 kilometer long magnetic high with coincident copper, lead and zinc geochemical anomalies shown in government data and Duncastle's work to date.

About Duncastle Gold

Duncastle Gold Corp. is a Vancouver-based gold exploration company with mineral claims covering or surrounding past producing mines in northwest and southeast British Columbia, Canada. Duncastle has assembled contiguous claim blocks totaling more than 210 sq km in these two historic and productive regions.

As part of the Manex Resource Group, Duncastle benefits from shared expertise in corporate finance, public company administration, investor relations, and technical and geological services provided for seven public companies active in North America. Since its formation in 1997, the Manex Group companies have raised over C$300 million in exploration financing.

Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the technical results in this release.

On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Duncastle Gold Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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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