Duncastle Closes Private Placement

Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported that it has now
closed its previously announced (August 6/09) non-brokered unit private
placement for gross proceeds of C$135,000. The private placement was fully
subscribed and consisted of 1.5 million units at a price of C$0.09 per unit.
Each unit issued was comprised of one common share and one share purchase
warrant, with each warrant exercisable to purchase one additional common share
at an exercise price of C$0.15 per share for a period of two years.


The common shares and share purchase warrants issued pursuant to this private
placement carry a legend restricting trading of the securities until December
19, 2009.


The company also reported that the previously announced (August 6/09)
non-brokered flow-through private placement of up to 3.5 million units at a
price of C$0.11 per unit has been fully subscribed and is expected to close
later this week.


On behalf of the Board of Directors,

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