NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has,
subject to regulatory acceptance, negotiated an option to purchase three mineral
claims covering approximately 500 hectares in Ponsford Township in northwestern
Ontario. These claims are located on the western edge of Newcastle's existing
claim block covering the western extent of a magnetic high, which is adjacent to
the iron formation hosting both the past-producing Central Patricia and Pickle
Crow Gold Mines.


Newcastle's President, Mr. Michael Romanik, said "These new claims are a
terrific addition to our extensive land position within the Pickle Lake
greenstone belt. We are finalizing plans for our drilling program and we will
update the shareholders on those plans in the near future."


To exercise its option, Newcastle must pay the optionors $10,000 and 200,000
shares of the Company and grant the optionors a 2% net smelter returns royalty.
Newcastle may repurchase one-half of the royalty for $1,500,000.


The technical information herein was prepared under the supervision of Mr. Brian
Newton of Billiken Management Services Inc., who acts as Newcastle's qualified
person as defined by National Instrument 43-101.


Newcastle Minerals Ltd. is a Canadian gold and base metal exploration company
trading on the TSX Venture Exchange (TSX VENTURE:NCM). The company has been
optioning and acquiring new key properties, including its 120-hectare Carscallen
Property in the West Timmins area of Ontario, its 11,000-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 Project.


ON BEHALF OF THE BOARD

Michael Romanik, President

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