NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) announces that it has received notice
from SGX Resources Inc. that they will not exercise their option to acquire an
interest in Newcastle's Carscallen Property located 21 kilometres southwest of
Timmins, Ontario. Since entering into the option, SGX Resources has completed a
mobile metal ion soil sampling program over the entire property, drilled seven
holes totalling 1,500 metres targeting a small portion of the IP anomalies, and
has paid Newcastle $225,000 of cash and shares.


The company would like to thank the SGX Resources team for their work and for
helping Newcastle prove the technical merit of the Carscallen Property.
Newcastle's geologists will review the data from SGX Resources' exploration to
identify the next targets for a future work program.


Newcastle's President, Michael Romanik, said, "Maintaining a 100% interest in
our Carscallen Property strategically compliments our Pickle Lake Project in
northwestern Ontario. To the west of our Carscallen Property, Melkior Resources
Inc. recently completed a deep downhole IP survey revealing a large anomaly at a
depth of 500 metres and they have commenced a 5,000-metre drilling program."


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

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