NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has
completed a four-hole, 1,050-metre diamond drilling program on its 100% owned
Chester Project located in northwestern Ontario, Canada.


All holes encountered intermediate intrusive rocks - primarily hornblende
diorite - and occasionally intermediate to mafic volcanics. The hornblende
diorite was generally medium green-grey, medium- to coarse-grained (2 mm to 5
mm), massive, and approximately 50% to 60% hornblende and 40% to 50% feldspar.
The intermediate volcanics were very fine grained and commonly amygduloidal for
several metres at both the upper and lower contacts with the intermediate
intrusive, and fine- to medium-grained and massive in the core of the units.


Sulphide mineralization was weak throughout the rocks encountered and was
usually associated with variable degrees of alteration and fracturing. The main
sulphides encountered were pyrite, pyhrrotite, chalcopyrite and possibly
sphalerite, generally in trace amounts and occasionally up to 1% or 2% over
several metres.


Alteration consisted primarily of variable quartz-carbonate +/- chlorite +/-
sercite alteration and veining associated with zones of weak to moderate
irregular fracturing, with local brecciation. Local hematite and/or potassic
alteration was also present with the quartz-carbonate veining.


A total of 221 cut drill core samples were submitted to Accurassay of Thunder
Bay, Ontario for assay and those results are pending. The drill program was
carried out under the supervision of Mr. Des Cullen of Clark Exploration
Consulting of Thunder Bay, Ontario and drilling was undertaken by Chenier
Diamond Drilling of Sudbury, Ontario.


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.


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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