Newcastle Minerals Ltd.
TSX VENTURE : NCM

Newcastle Minerals Ltd.

January 07, 2011 08:29 ET

Newcastle Retains Incorporated Communications Services for Investor Relations

VICTORIA, BRITISH COLUMBIA--(Marketwire - Jan. 7, 2011) - Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has retained the Los Angeles-area firm of Incorporated Communications Services ("ICS") to conduct an institutionally-oriented investor relations program on behalf of the Company, subject to regulatory acceptance. Headed by Mr. Garry Pollack, ICS is a long-term institutional and media investor relations specialist in the natural resource sector, with a focus on introducing Canadian resource companies of merit to broader institutional and retail investor audiences.

ICS has been retained for one year at CDN$7,000 per month, plus direct expenses, to provide financial relations, media relations and market development services. Newcastle has the option of cancelling the agreement after the first six months of service and may renew the agreement after the first year of service. Newcastle will also grant 750,000 incentive stock options to principals of ICS, exercisable at a price of $0.10 per share for a period of three years. The options will vest in four equal quarterly tranches. Neither ICS nor its employees presently have a direct or indirect interest in Newcastle securities.

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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