DUN

Duncastle Gold Corp. ("Duncastle") (TSX VENTURE:DUN)(FRANKFURT:5D3) reported
today that it has entered into an amended and restated agreement (the
"Agreement") with respect to the Porphyry Creek property. Pursuant to the
Agreement, Duncastle has the option to acquire a 100% interest in and to the
Porphyry Creek property in consideration of making aggregate cash payments of
$303,000 and incurring aggregate exploration expenditures of $1,500,000 on the
property. Duncastle may, in its sole discretion, issue common shares to the
optionors in lieu of any cash payment. As at the date of the Agreement,
Duncastle has paid the optionors $66,000 and incurred $1,793,759 in exploration
expenditures on the property. The optionors are entitled to receive a royalty
equal to 2% of net smelter returns provided that Duncastle shall have the right
to purchase one half of such royalty for $1,000,000 at any time up to and
include the commencement of commercial production. The optionors of the property
include John Norton, Michael Rowley, President and director, and Crucible
Resources Limited, a company owned by director Douglas Warkentin. The amended
and restated agreement is subject to TSX Venture Exchange acceptance.


About the Porphyry Creek Project

The Porphyry Creek property consists of over 135 square kilometers of mineral
claims in the Omineca Mining Division of northwest British Columbia, a highly
prospective area that is home to multiple world class precious and base metal
deposits and mines. The Porphyry Creek claim group includes historic workings
and numerous high-grade gold, silver and polymetallic showings around a distinct
10 kilometre long magnetic high with coincident copper, lead and zinc
geochemical anomalies shown in government data and Duncastle's work to date. 


Duncastle conducted ground-based geological work in 2008, added substantially to
the claim group in 2009, and completed an airborne geophysical survey in 2010.
This body of work, in conjunction with available historic data, presented six
priority targets with the most advanced being a porphyry target at the Sultana
Mine area. Three holes totaling 1,330 meters were drilled in late 2010 which
confirmed the presence of a new Cu-Mo porphyry system at Sultana with
mineralization throughout all holes. Six holes totaling 2,583 meters were
drilled in 2011 which successfully pushed the discovery to a zone approximately
400 meters by 500 meters by 500 meters deep containing widespread highly
anomalous copper and molybdenum mineralization, with additional values of
silver, tungsten and other minerals. Further drilling is required to test and
delineate the full extent of the mineralizing system as mineralization remains
open laterally to the west, south and north, and at depth. Five other priority
exploration targets include an IOCG/skarn target, additional porphyry systems,
and high-grade polymetallic vein systems.


Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the
technical results in this release.


On behalf of the Board of Directors,

Lawrence Page, Chairman & Director, Duncastle Gold Corp.

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Duncastle Gold
Corp. does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law.

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