Newcastle Minerals Ltd.
TSX VENTURE : NCM

Newcastle Minerals Ltd.

August 11, 2011 08:15 ET

Newcastle Chester Property Update

VICTORIA, BRITISH COLUMBIA--(Marketwire - Aug. 11, 2011) - Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to provide an update on its 100% owned Chester Project located in northwestern Ontario, Canada.

Newcastle completed a preliminary four-hole, 1,050-metre diamond drilling program focusing on targets on the eastern portion of the property in June 2011. While no significant gold assays were returned, anomalous gold was encountered and was dominantly associated with variable degrees of sulfide mineralization, alteration and fracturing in intermediate intrusive (primarily hornblende diorite) and occasionally intermediate-to-mafic metavolcanic rocks. The alteration and fracturing encountered during drilling may be associated with the "Ridout Deformation Zone," which is an important structural element in the area described in Trelawney Mining and Exploration Inc.'s N.I. 43-101 Technical Report on the Cote Lake Deposit. A prospecting and sampling program will commence shortly on the Chester Project.

Also of note is the staking of 12 mineral claims (consisting of 7,680 acres)in June 2011 by Trelawney adjoining Newcastle's 15,480-acre Neville/Potier Project to the north. This places two of Newcastle's projects in the middle of Trelawney's land holdings in the Swayze belt.

Newcastle's President, Michael Romanik, said "We are encouraged by Trelawney's staking to the north of our Neville/Potier Project, validating our focus on the area. With Trelawney's recent takeover bid for Augen Gold, Newcastle's three parcels totaling 17,000 acres adjoining or surrounded by either Trelawney or Augen Gold properties put us in a very strategic position."

An updated claim map of the region is available at http://goo.gl/WzAS0.

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

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 6,898-hectare property located in the Swayze greenstone belt of Ontario near Trelawney Mining and Exploration Inc.'s Cote Lake deposit.

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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