DUN

Duncastle Gold Corp. (TSX VENTUER: DUN)(FRANKFURT: 5D3) reported today that it has commenced drilling on its Porphyry Creek project located 20 kilometers northwest of Smithers, in northwest British Columbia.

Three holes totaling 1,200 metres are planned in Duncastle's first drill program on the property. The holes target ground geochemical sampling and coincident geophysical anomalies located in the area of the historic Sultana prospect. One hole targets anomalous copper and molybdenum geochemical results reported September 14, 2010 while a second cuts underneath the historic drill holes and trenches and also under the anomalous copper and molybdenum in intrusive rock identified in historic results.

Reconnaissance geology work is also planned, with a particular focus on investigating and developing a "pipeline" of new targets identified in the recent airborne geophysical results.

The Porphyry Creek project covers over 130 sq km of mineral claims with historic workings and numerous high-grade gold, silver and polymetallic showings around a distinct 10 kilometer long magnetic high with coincident copper, lead and zinc geochemical anomalies shown in government and Duncastle data. Data compilation and modeling by Duncastle has demonstrated mineral zonation on the property consistent with porphyry style deposits. There are over 20 porphyry discoveries in the region, including Berg, Bell, Huckleberry, Mt Milligan, and Galore Creek among others, plus other deposit types (eg Eskay Creek).

Duncastle Gold Corp. is a Vancouver based gold exploration company with mineral claims covering or surrounding past producing mines in two historic BC districts. Duncastle also holds the Yankee-Dundee mine in Southeast BC with a focus on high-grade gold-silver-lead-zinc veins just 50 km from the smelter at Trail, BC. Duncastle has assembled contiguous claim blocks totaling more than 190 sq km in two productive regions.

As part of the Manex Resource Group, Duncastle benefits from shared expertise in corporate finance, public company administration, investor relations, and the technical and geological services provided for the eight public companies active in North America. Since its formation in 1997, the Manex Group companies have raised over C$250 million in exploration financing.

Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the technical results in this release.

On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.

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 www.duncastlegoldcorp.com