Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported today that the
non-flow-through unit financing announced September 14, 2010 has been
oversubscribed, and the company will now issue a total of 8 million common
shares and 4 million share purchase warrants which are exercisable to purchase 4
million common shares for a period of two years from the date of closing at a
price of $0.10 per common share purchased.


Gross proceeds from the financing are $400,000. The company expects to close
shortly its previously announced flow through unit financing to raise gross
proceeds of up to $490,000.


On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.
(TSXV:DUN)
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