DUN

Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) (the "Company") today provided clarification on the engineering summary report on its historic Yankee-Dundee mine project, located three kilometres northeast of Ymir and 50 kilometres from Trail, in southeastern British Columbia.

The report, summarized in a press release on August 3, 2010, outlines on a conceptual basis resource benchmarks and timing estimates for potential development scenarios. The Company notes that the report is not based on a current NI 43-101 compliant resource estimate and there is no certainty any of the proposed operations would be economically viable at this time.

Surface drilling is recommended to support a NI 43-101 compliant resource estimate which may be used as the basis for a more in depth economic study of project viability.

On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.

For further information, please visit the company's website at duncastlegoldcorp.com.

This News Release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Duncastle Gold Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

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.

Contacts: Duncastle Gold Corp. Michael Rowley 1.888.456.1112 or 604.641.2742 mrowley@mnxltd.com Duncastle Gold Corp. Liana Shahinian 1.888.456.1112 or 604.641.2773 liana@mnxltd.com duncastlegoldcorp.com