Duncastle Arranges Non Brokered Private Placements

Duncastle Gold Corp. (TSX VENTURE:DUN) reported today that the company has
agreed to issue a total of 15.0 million common shares in two non-brokered
private placements for total gross proceeds of C$1,450,000.


Combination Flow-through and non Flow-through Unit

The company has agreed to issue 5.0 million units in a non brokered private
placement at a price of C$0.20 per unit to raise C$1.0 million. Each unit
offering will consist of one flow-through common share at $0.11 per share and
one non flow-through share at $0.09 per share with one share purchase warrant
exercisable to purchase one additional non flow-through common share at an
exercise price of C$0.15 per share for a period of two years.


Non Flow-through Unit

The company has also agreed to issue 5.0 million units in a non-brokered private
placement at a price of C$0.09 per unit to raise C$450,000. Each unit offering
will consist of one non flow-through common share and one share purchase warrant
exercisable to purchase one additional non flow-through common share at an
exercise price of C$0.15 per common share for a period of two years.


Finder's fees may be payable for both offerings.

The proceeds from both private placements will be for working capital and the
advancement of the company's projects in SE British Columbia. The private
placements and finder's fees are subject to regulatory approval.


Proposed Exploration for 2009

Duncastle said it plans an early summer 1,500-2,000 meter drill program to
follow up on recommendations for 3,050 metres of surface drilling at numerous
targets including continued work at the Yukon Shoot in the Yankee Girl
structure, as well as an expansion to recently developed targets at the
Goodenough mine, Bonus vein and 1235 adit.


Later in the year the company plans to commence a recommended rehabilitation of
the Wildhorse Adit, consisting of minimal timber and drainage work as a prelude
to 2,300 metres of drilling on numerous targets from underground. The Wildhorse
Adit is a 1,417 metre exploration adit built during the period 1928 to 1954 that
intersects the Bonus vein and meets the Yankee Girl vein 110 metres below the
old mine workings.


2008 Results

A 2008 Summary Report on Exploration on the Yankee-Dundee Project recommends a
multi-stage exploration program comprising +5,300 metres of surface and
underground diamond drilling on the Yankee Girl and adjacent vein systems and
continued surface exploration of several precious-metal-rich mineral showings
throughout the 5,987 ha property located three kilometres northeast of Ymir, BC
in the Nelson Mining District.


The report details the 2008 results from a 19-hole 3,003 metre core drill
program, a 571 line-km DIGHEM EM/Magnetic airborne geophysical survey and
surface mapping and sampling.


Results from drilling on the Yankee Girl structure indicate that the Yukon Shoot
(thickest and most continuous portion of the vein) persists to a depth of some
280 metres. Higher grade intervals within the core of the Yukon Shoot assay up
to 14.14 g/t Au, 281 g/t Ag, 11.13% Pb and 12.58% Zn over an estimated true
thickness of 3.23 metres. Within the area of the Yukon Shoot, the Yankee Girl
structure remains largely untested for over 240 metres to the east (toward the
historic workings) and down plunge beneath its occurrence in the deepest
workings of the Yankee Girl Mine. The entire mineral system remains open along
strike to the west.


About Duncastle Gold

Duncastle Gold Corp. is a mineral exploration company based in British Columbia,
Canada with projects in both central and southeastern BC. The Yankee Dundee
project comprises 26 crown grants under a 100% option agreement and 95 tenured
mineral claims totaling approximately 5,987 hectares in the Nelson Mining
District, located three kilometres northeast of the town of Ymir in southeastern
British Columbia. Gold mineralization was first reported near Ymir in the late
1800s, with much of the mining taking place at the Yankee Girl, Dundee and Ymir
mines during the period 1907 to 1951. Historical records indicate that a total
of 375,000 tonnes grading 9.9 g/t Au and 57 g/t Ag were mined from the Yankee
Girl vein during this time. Exploration by the company is targeting high-grade
Au-quartz veins throughout the Ymir district which historically, together with
the adjacent Sheep Creek district is reported to have produced more than one
million ounces of gold(1). In central B.C. the company has the 7,624 hectare
Porphyry Creek property in the Rocher Deboule Mountains near Smithers, with a
porphyry or IOCG copper-gold target. Duncastle Gold Corp. is a Manex Resource
Group company.


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


On behalf of the Board of Directors,

Lawrence Page, Q.C., President, Director, Duncastle Gold Corp.

(1) Production data was obtained from historical government records and has not
been independently verified by the current operators of the project.


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.