Duncastle Gold Corp.
TSX VENTURE : DUN

Duncastle Gold Corp.

June 23, 2008 13:08 ET

Duncastle Gold Corp.: Drilling Underway at Yankee-Dundee

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 23, 2008) - Duncastle Gold Corp. (TSX VENTURE:DUN) reported today that drilling has started on its wholly-owned Yankee-Dundee property located three kilometres northeast of Ymir, in southeastern British Columbia. Up to 3000 metres of core drilling is anticipated in two phases which is designed to follow-up on higher grade results from the 2007 drilling and to continue the systematic testing of targets developed through historical research, data compilation, airborne geophysics and surface sampling.

Three to four drill holes will test the up-dip and down-dip extensions of the Yukon shoot which when drilled in 2007 returned a 6.72 metre interval grading 4.6g/t Au, 46.5g/t Ag, 1.2% Pb and 3.4% Zn from hole YD07-15 and a 8.68 metre interval of 2.3g/t Au and 11.2g/t Ag from hole YD07-16. These results represent a 247 metre step-out from the main Yankee Girl workings and may also represent a significant previously undeveloped mineralized shoot (see NR-01-08).

Several drill holes are designed to test targets which were identified in historical reports and records including lenses of base-metal rich mineralization and potentially un-mined gold mineralization along the shallow eastern extension of the Yankee Girl Vein. Indications of this mineralization were returned from Duncastle's Spring 2007 drilling program (see NR-01-08) which returned a 1.54 metre interval grading 6.0g/t Au and 1.23 metre interval grading 5.17/t Au.

Other drill targets include the adjacent Lakeview structure and Bonus vein, and several veins which strike obliquely to the predominantly east-west trend of the main vein system.

To view the map attached to this release please click the following URL: http://media3.marketwire.com/docs/Duncastle%20Map.pdf

Company Overview

Duncastle Gold Corp. is a mineral exploration company based in British Columbia, Canada with projects in both central and southeastern BC. The Yankee-Dundee project comprises 26 crown grants under a 100% option agreement and owns 89 tenured mineral claims totaling approximately 5,376 hectares in the Nelson Mining District, located three kilometres northeast of the town of Ymir in southeastern British Columbia. Gold mineralization was first reported near Ymir in the late 1800s, with much of the mining taking place at the Yankee Girl, Dundee and Ymir mines during the period 1907 to 1951. Historical records indicate that a total of 375,000 tonnes grading 9.9g/t Au and 57g/t Ag were mined from the Yankee Girl vein during this time. Exploration by the company is targeting high-grade Au-quartz veins throughout the Ymir district which historically, together with the adjacent Sheep Creek district is reported to have produced more than one million ounces of gold(1). In central B.C. the company has the 7,216 hectare Porphyry Creek property in the Rocher Deboule Mountains near Smithers, with a porphyry or IOCG copper-gold target. Duncastle Gold Corp. is a Manex Resource Group company.

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

On behalf of the Board of Directors,

Lawrence Page, Q.C., President, Director

Duncastle Gold Corp.

(1) Production data from the Ymir and Sheep Creek districts was obtained from historical government records and has not been independently verified by the current operators of the project.

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. Duncastle Gold Corp. relies upon litigation protection for forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the contents of this news release, which has been prepared by management.

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