Newcastle Minerals Ltd.
TSX VENTURE : NCM

Newcastle Minerals Ltd.

January 11, 2011 07:29 ET

Newcastle Begins Drilling on Carscallen Property, West Timmins

VICTORIA, BRITISH COLUMBIA--(Marketwire - Jan. 11, 2011) - Newcastle Minerals Ltd. (TSX VENTURE:NCM) has commenced drilling on its 120-hectare Carscallen project near Timmins, Ontario. Cartwright Drilling Inc. has been engaged to carry out the 3,000-metre drill program.

Upon review and interpretation of all the data accumulated by Newcastle, a significant through-going structure – the Bristol Fault Zone – indicated by ground magnetics was identified. This structure is believed to be highly prospective to host gold mineralization. Drilling in 2010 by Newcastle's former partner, SGX Resources Inc., did not test the Bristol Fault Zone, but successfully identified a parallel, strongly anomalous gold-bearing zone in drill holes NC-10-07 and NC-10-01 approximately 300 metres north of the interpreted Bristol Fault Zone.

Newcastle's 2011 exploration program will follow up on the recently discovered gold bearing trend, drill a series of 250-metre holes to test the numerous targets along the Bristol Fault Zone, and target untested IP anomalies defined in the previous exploration.

Newcastle's President, Michael Romanik, said "Newcastle's geologists reviewed the drill hole data provided by SGX Resources Inc. and have defined new target areas for drilling. We look forward to advancing the Carscallen project and testing these new areas of interest."

The technical information herein was prepared under the supervision of Mr. Garry Clark, P. Geo., of Clark Exploration Consulting Ltd., who acts as Newcastle's Qualified Person, as defined by National Instrument 43-101, for the Carscallen project.

Newcastle Minerals Ltd. is a Canadian gold and base metal exploration company trading on the TSX Venture Exchange (TSX VENTURE:NCM). The company is advancing its three key properties: its 120-hectare Carscallen Property in the West Timmins area of Ontario, its 11,100-hectare Pickle Lake Property in northwestern Ontario and its 6,600-hectare property located in the Swayze greenstone belt of Ontario near Trelawney Mining and Exploration Inc.'s Chester Project.

ON BEHALF OF THE BOARD

Michael Romanik, President

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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