DUN

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Duncastle Gold Corp. ("Duncastle") (TSX VENTURE:DUN)(FRANKFURT:5D3) plans to
issue up to 4,000,000 units in a non-brokered flow-through private placement at
a price of $0.05 per unit to raise up to $200,000. Each unit will consist of one
flow-through common share and one-half share purchase warrant, with each whole
share purchase warrant exercisable to purchase one additional non-flow-through
common share at an exercise price of $0.10 per share for a period of three
years.


Proceeds from the private placement will fund geological and geophysical
exploration work at Duncastle's newly acquired Pipestone, Black Lake and Drayton
gold projects in northwest Ontario and to fund CEE eligble exploration expenses
on other Canadian mineral properties. Finder's fees may be payable with respect
to the private placement. The private placement and finder's fees are subject to
regulatory approval.


Duncastle also announces that it will pay a finder's fee to Murray Chan and
Pacific Breeze Connections Inc. in relation to the Pipestone property
acquisition which was previously announced in a news release dated November 13,
2012. The finder's fee consists of $1,000 cash and 100,000 common shares in the
capital of Duncastle and will be payable in stages.


About Duncastle Gold

Duncastle Gold Corp. is a Vancouver-based gold exploration company with mineral
claims covering or surrounding past producing mines in Ontario and British
Columbia, Canada. In addition to the newly acquired gold projects in Ontario and
the past-producing Yankee-Dundee Mine in southeast BC, Duncastle has an option
to acquire a 100% interest in the highly prospective polymetallic Porphyry Creek
project in northwest BC.


As part of the Manex Resource Group, Duncastle benefits from shared expertise in
corporate finance, public company administration, investor relations, and
technical and geological services provided for seven public companies active in
North America. Since its formation in 1997, the Manex Group companies have
raised over $350 million in exploration financing.


On behalf of the Board of Directors,

Michael Rowley, President, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Duncastle Gold Corp.
Michael Rowley
1.888.456.1112 or 604.641.2742
mrowley@mnxltd.com


Duncastle Gold Corp.
Liana Shahinian
1.888.456.1112 or 604.641.2773
liana@mnxltd.com
www.duncastlegoldcorp.com

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