Duncastle Announces Private Placements and Amendment to Property Agreement

Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) (the "Company") reported
today that it plans to issue up to 6.875 million common shares in two
non-brokered private placements for total gross proceeds of C$500,000.


The Company plans to issue up to 4.375 million common shares in a non-brokered
flow-through private placement at a price of C$0.08 per share to raise
C$350,000, and to issue up to 2.5 million common shares in a non-brokered non
flow-through unit private placement at a price of C$0.06 per unit to raise
C$150,000. Each unit will consist of one common share and one-half share
purchase warrant, each one warrant exercisable to purchase one additional common
share at an exercise price of C$0.10 per share for a period of one year.


Finder's fees may be payable on both private placements. The private placements
and finder's fees are subject to regulatory approval. Proceeds from the private
placements will fund an airborne geophysical survey and field work on the
Company's exploration projects in British Columbia, and for working capital.


Property Agreement Amendment

The Company has amended the underlying property Agreement on its Porphyry Creek
project: extending the date for the next $30,000 payment to June 30, 2010;
rescheduling the series of payments for the balance of $240,000 due to the
owners under the existing Agreement; and extending the date for the aggregate
work commitments of $400,000 to June 30, 2012. An airborne VLF-EM geophysical
survey is planned for the Porphyry Creek project starting this quarter.


About Duncastle Gold

Duncastle Gold Corp. is a Vancouver based gold exploration company with mineral
claims covering or surrounding past producers in two historic BC districts. In
Southeast BC Duncastle is targeting high-grade gold-silver-lead-zinc veins at
the former Yankee-Dundee mine, 50km from the smelter at Trail, BC. In Northwest
BC the Company's holdings cover a 10 km long magnetic anomaly, previous
workings, and high-grade veins at its Porphyry Creek project. Now covering more
than 150 sq km, Duncastle has assembled contiguous claim blocks in each of these
two productive regions for gold exploration.


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 six public companies. Since its
formation in 1997, the companies within the Manex Group have raised over C$250
million in exploration financing.


On behalf of the Board of Directors,

Victor J E Jones, 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. Duncastle Gold Corp. relies upon litigation protection for
forward-looking statements.