Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to report that it has
received the final $400,000 cash payment from Skyline Gold Corporation in
respect of last year's sale of Newcastle's northwestern British Columbia mineral
claims.


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 - including the Mollie River 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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