Duncastle Closes Oversubscribed Flow-Through Private Placement

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Share Name	Share Symbol	Market	Type
	TSXV:DUN	TSX Venture	Common Stock

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	0.00	0.00%							0	-

Duncastle Closes Oversubscribed Flow-Through Private Placement

21/08/2009 4:46pm

Marketwired Canada

Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported that it has now
closed its previously announced (August 6/09) non-brokered flow-through unit
private placement. The private placement was oversubscribed and consisted of 3.7
million units at a price of C$0.11 per unit for gross proceeds of C$407,000.
Each unit issued was comprised of one flow-through common share and one-half
share purchase warrant, with each whole 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.


All securities issued pursuant to this private placement, including common
shares, share purchase warrants and finder's warrants issued as finder's fees,
carry a legend restricting trading of the securities until December 22, 2009.
The private placement and finder's fees are subject to regulatory approval.


On behalf of the Board of Directors,

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