NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) has engaged Billiken Management
Services Inc. to conduct an exploration program consisting of detailed
compilation of existing data, mapping, mucking out and detailed sampling of
several known historic trenches in the Fault Creek area, and drill testing under
the known showings and along strike using a man portable prospector drill. 


Newcastle carried out a brief program of mapping and sampling in the Fault Creek
area in October, 2011. A total of nine grab samples were collected from iron
formation in the area of the Fault Creek showing, however with the limited time
available coupled with the onset of adverse weather conditions affecting the
field work the actual showing was not located. Anomalous gold values were
identified in this program and a follow-up work program was recommended. 


Newcastle's president, Michael Romanik, said, "We have structured this modest
exploration plan to give Newcastle the best value for money and we look forward
to the drill results in the next 8 to 10 weeks."


Newcastle is also pleased to announce that it has, subject to regulatory
acceptance, optioned an additional 21 mineral claims covering approximately
4,400 hectares near Pickle Lake, Ontario. The new claims are contiguous to
Newcastle's existing land package and are adjacent and to the east of Goldcorp's
past-producing Dona Lake Mine. The Dona Lake Mine produced 210,000 ounces of
gold at an average grade of 0.25 oz/ton. This option increases Newcastle's
Pickle Lake property holdings to approximately 15,500 hectares.


To exercise its option and acquire the 21 mineral claims, Newcastle must pay the
optionor a total of $102,000 and 600,000 common shares of the Company over four
years, and grant the optionor a 1 1/2% net smelter returns royalty. Newcastle
may purchase from the optionor one-half of the royalty for a one-time payment to
the optionor of $1,000,000.


The technical information herein was prepared under the supervision of Brian
Newton, P. Geo., of Billiken Management, who acts as Newcastle's Qualified
Person as defined by National Instrument 43-101.


Newcastle Minerals Ltd. is a Canadian gold exploration company trading on the
TSX Venture Exchange (TSX VENTURE:NCM). The Company is advancing its three key
properties: the 15,500-hectare Pickle Lake Property in northwestern Ontario, its
6,898-hectare property located in the Swayze greenstone belt of Ontario near
Iamgold's Cote Lake deposit, and its 120-hectare Carscallen Property in the West
Timmins area of Ontario.


ON BEHALF OF THE BOARD

Michael Romanik, President

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