DUN

Duncastle Gold Corp. (the "Company") (TSX VENTURE:DUN)(FRANKFURT:5D3) reported
today that it plans to issue up to 5.0 million common shares in two non-brokered
private placements for total gross proceeds of C$520,000.


Flow-Through Private Placement

The Company plans to issue up to 3.5 million common shares in a non-brokered
flow-through unit private placement at a price of C$0.11 per unit to raise
C$385,000. Each unit will consist of one flow-through common share and one-half
eshare purchase warrant, with each whole warrant exercisable to purchase one
additional non flow-through common share at an exercise price of C$0.15 per
share for a period of two years.


Non Flow-Through Private Placement

The Company also plans to issue up to 1.5 million common shares in a
non-brokered non flow-through unit private placement at a price of C$0.09 per
unit to raise C$135,000. Each unit will consist of one common share and one
share purchase warrant exercisable to purchase one additional common share at an
exercise price of C$0.15 per share for a period of two years.


Finder's fees may be payable on both private placements. The private placements
and finder's fees are subject to regulatory approval. The proceeds from the
private placements are for working capital and the advancement of the Company's
projects in SE British Columbia.


On behalf of the Board of Directors,

Lawrence Page, Q.C., President, Director, Duncastle Gold Corp.

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