NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has
commenced a ground geophysical survey at its 100-per-cent-owned Chester Project
in Ontario, Canada.


The three-unit (30 hectare) claim sits roughly one kilometre from Trelawney
Resources' Cote Lake deposit and is surrounded by Augen Gold Corp's South Swayze
Project. While Trelawney continues its successful exploration in the Cote Lake
area, Augen Gold has recently announced it will be drilling several deep holes
in early January, 2011, on the eastern part of its claim group bordering
Trelawney Resources' Cote Lake deposit.


Trelawney's project area is host to at least 12 known mineralized structures
characterized by wide zones of low to moderate grade gold +/- copper associated
with brecciated intermediate to felsic (locally mafic) intrusive rocks.
Newcastle's Chester Project covers 30 hectares of felsic intrusive and felsic
metavolcanic rocks. Mineralization in Trelawney's project area consists of
disseminated and fracture controlled sulphides that generally correlate to gold
values. The Cote Lake deposit has now been intersected on seven sections spaced
100 metres apart and traced to depths of up to 500 metres. It is open along
strike and to depth on all sections.


Under the direction of Newcastle Minerals, Vision Exploration of Timmins,
Ontario, has commenced line cutting and will follow up immediately with a three
line-kilometre induced polarization (IP) survey on the Chester Project. This IP
survey follows up on a VLF-EM and Magnetics survey that was completed in June of
2010 that was successful in outlining several prospective areas that warrant
further exploration. Results from the VLF-EM survey may be reflecting
disseminated or semi-massive accumulations of sulphide minerals similar to those
associated with the mineralized zones on Trelawney's Chester Project. The
current IP survey will enhance the understanding of these anomalous zones as
they are often prospective for gold and base metal mineralization.


Newcastle's president, Michael Romanik, states that "Due to the recent
exploration success of Trelawney Resources and the new technical and geological
information made available on their website, Newcastle has decided to ramp up
the exploration program at our Chester Gold Project. This new information will
help our geologists to maximize the potential of the property. "


The technical information herein was prepared under the supervision of Mr. Garry
Clark, P. Geo., of Clark Exploration Consulting Inc., who acts as Newcastle's
Qualified Person as defined by National Instrument 43-101 for this release.


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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