Newcastle Minerals Ltd.
TSX VENTURE : NCM

Newcastle Minerals Ltd.

August 02, 2011 19:40 ET

Newcastle Completes Balance of Private Placement

VICTORIA, BRITISH COLUMBIA--(Marketwire - Aug. 2, 2011) - Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has closed the balance of its previously-announced non-brokered private placement as to 2,800,000 flow-through shares at a price of $0.06 per share. The shares are subject to a hold period expiring December 3, 2011.

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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