Newcastle Minerals Ltd.
TSX VENTURE : NCM

Newcastle Minerals Ltd.

May 02, 2011 08:33 ET

Newcastle Schedules Drilling Program on Chester Project

VICTORIA, BRITISH COLUMBIA--(Marketwire - May 2, 2011) - Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has engaged Chenier Drilling Services Inc. to undertake a 1,500-metre diamond drill program at its 100% owned Chester Project located in northwestern Ontario, Canada. Drilling operations are expected to begin June 1.

Newcastle's 30-hectare Chester Project lies approximately one kilometre north of Trelawney Mining and Exploration Inc.'s Cote Lake deposit and is surrounded by Augen Gold Corp. and Sanatana Diamonds Inc.'s Watershed Project. Trelawney recently announced large intersections of low-grade gold, including 1.18 grams per tonne gold over 285.80 metres, 1.26 grams per tonne gold over 275 metres and 1.65 grams per tonne gold over 304 metres at its Cote Lake deposit.

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 Property.

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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