NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to provide an exploration
update from its Pickle Lake property in northwestern Ontario. Management is
encouraged by the results of this initial exploration program covering a small
portion of its 11,100-hectare land package. Gold intercepts received demonstrate
potential continuity of mineralization in the Field Zone contiguous with PC Gold
Inc.'s Pickle Crow property. In the Southwest Powderhouse Zone, gold intercepts
obtained at the contact with the Banded Iron Formation are the foundation of an
ongoing reinterpretation of the new and known gold occurrences on this property.
Highlights of the drilling include:




---------------------------------------------------------------
                                                           Gold
                      From         To     Length     (grams per
Hole Number          (feet)     (feet)     (feet)         tonne)
---------------------------------------------------------------
NCM-10-01              367        387         20           0.66
---------------------------------------------------------------
including              377        382          5           1.51
---------------------------------------------------------------
NCM-10-06               39         54         15           2.63
---------------------------------------------------------------
including               44         49          5           6.50
---------------------------------------------------------------
NCM-10-07               99        189         90           0.52
---------------------------------------------------------------
including              119        124          5           4.28
---------------------------------------------------------------
and including          174        189         15           1.39
---------------------------------------------------------------



Samples were selected in the field under the supervision of Brian H. Newton
P.Geo, transported by bonded courier to the facilities of Activation
Laboratories Ltd. in Thunder Bay, and assayed using Fire Assay ICPOES for gold
and Total Digestion ICP (total) for other metals.


The holes drilled in this program are summarized as follows:

Field Zone

Holes NCM-10-01 through NCM-10-04 were exploration holes planned to determine an
extension of the No. 20 Vein discovery adjacent to PC Gold Inc.'s property to
the east. Each hole reported some level of gold mineralization; in particular
NCM-10-01 intersected 1.51 grams of gold per tonne over five feet from 377 feet
to 382 feet down the hole as stated above. In addition to the gold results,
these holes provide valuable structural and geological information regarding
this area, an extensive system of silicified and brecciated veining was
uncovered, and a potential offset of the mineralization seen on PC Gold Inc.'s
property. This information reveals a structurally complex mineralized system of
quartz veined, silicified and brecciated material requiring further exploration
to assess fully the potential of the Field Zone.


Southwest Powderhouse Zone

Holes NCM-10-05 through NCM-10-09 were collared in the area of the Southwest
Powderhouse Zone. Historically, there was a significant amount of drilling in
this area by different operators, but it lacked a consistent approach and
comprehensive modeling of the area. This drill program successfully intersected
numerous gold occurrences, including a 15-foot section in Hole NCM-10-06, which
averaged 2.63 grams of gold per tonne, including five feet of 6.5 grams of gold
per tonne. The program targeted VLF anomalies in contact with mag highs that
exhibited offsets, and the results of the program suggest to management that the
occurrence of better gold grades is coincident with the silicified and often
brecciated contact zone between the Banded Iron Formation and the surrounding
mafic volcanics. This interpretation requires follow-up exploration, as the
Banded Iron Formation is known to be extensive in this area.


Future Exploration

Newcastle is excited by its two areas of ongoing exploration and will continue
its efforts in this area. The Field Zone requires further drilling to better
define the system and further explore the gold intercept found in Hole NCM-10-01
over five feet. In the Southwest Powderhouse zone, management commenced a
compilation study to target further exploration drilling to test the
relationship between the Banded Iron Formation and the silicified zone.


To view the map accompanying this press release please click on the following
link: http://media3.marketwire.com/docs/0113NCM.gif


In addition, Newcastle will focus on the Central Pat project area located west
of the Southwest Powderhouse zone. The historic Central Patricia Gold Mine,
located approximately eight kilometres southwest of the project area, operated
from 1934 to 1949 and produced 621,000 ounces of gold from 1.7 million tons with
an average grade of 0.36 ounces per ton. The mineralization is hosted in Iron
Formation which contains stringers and discontinuous lenses of quartz with
sulphides in both the quartz and Iron Formation. The mineralized zones appear to
plunge to the east-southeast and are interpreted to move onto Newcastle's claims
at a depth of approximately 1,000 meters below surface. The property package
assembled by Newcastle hosts several gold showings, as well as having
approximately 30,000 ounces of historical production reported as coming from our
claims adjoining the Central Patricia Mine. Newcastle is planning a program to
test the possible extensions of Iron Formation-hosted gold zones interpreted to
lie below the limits of the Central Patricia Mine workings. Based on the recent
discovery by PC Gold Inc. of a shallow-lying, large-scale gold arsenic system at
their Central Pat East project, Newcastle will also conduct appropriate
exploration to examine the extensive land package held between the historical
Central Patricia Mine and the PC Gold Inc. discovery to identify similar
mineralization.


Newcastle's President, Michael Romanik, said, "Based on these results, a more
detailed and comprehensive drill program will be designed and implemented once
the company has completed the historical data compilation of the Southwest
Powderhouse Zone. Newcastle will also shift focus to the Central Patricia Mine
project area and will start preliminary work to drill test the possible
extension of the Central Patricia Mine onto Newcastle's ground. The company
remains committed to the advancement of its flagship Pickle Lake property."


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 11,100-hectare Pickle Lake Property in
northwestern Ontario, its 120-hectare Carscallen Property in the West Timmins
area of 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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