Duncastle Closes First Tranche of Flow-Through Private Placement

Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) is pleased to announce
that it has closed the first tranche of its previously announced non-brokered
flow-through private placement by issuing 10,000,000 units ("Flow-Through
Units") for gross proceeds of $600,000. Each Flow-Through Unit consists of one
flow-through common share and one-half share purchase warrant, with each whole
share purchase warrant exercisable to purchase one non-flow-through common share
at an exercise price of $0.10 per share for a period of two years. 


Proceeds from the private placement will fund drilling and field work at the
Porphyry Creek project in British Columbia. All securities issued pursuant to
this tranche of the private placement, including common shares, share purchase
warrants and finder's options issued as finder's fees, carry a legend
restricting trading of the securities until October 9, 2011. The private
placement and finder's fees are subject to regulatory approval.


On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.