NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce that drilling has commenced on its Pickle Lake Property in northwestern Ontario. The first hole targets the gold mineralization in the banded iron formation northeast of the Southwest Powerhouse Zone. Preliminary data from the airborne survey shows coincident VLF conductors overlapping the known iron formation. Drilling in the 1980s encountered significant gold mineralization, but was not followed up in any detail.

Preliminary results from the recently-flown high resolution mag and VLF airborne geophysical survey defined two VLF conductors that parallel the known gold-bearing Riopelle Vein and PC Gold Inc.'s recently discovered No. 20 Vein which have been extrapolated onto Newcastle's Pickle Lake Property. Data from this survey is being utilized to select drill collar locations that will follow up on these possible extensions.

Newcastle's president, Michael Romanik, said "We are very excited to reach the drilling stage of exploration. We have completed a lot of preliminary work in preparation for this stage to enhance the success of the program. The recently-flown airborne survey has been a great tool and has provided many new exploration prospects going forward."

The technical information herein was prepared under the supervision of Mr. Brian Newton, P. Geo., 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 is advancing its three key properties: its 120-hectare Carscallen Property in the West Timmins area of Ontario, its 11,100-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

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: Newcastle Minerals Ltd. Michael Romanik President Direct line: (204) 724-0613 info@newcastleminerals.com www.newcastleminerals.com