Duncastle Closes Second Tranche of 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 Second Tranche of Private Placement

26/07/2011 12:29am

Marketwired Canada

Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) is pleased to announce
that it has closed the second tranche of its previously announced non-brokered
unit private placement by issuing 900,000 units at a price of $0.05 per unit to
raise $45,000. Each unit consists of one common share and one share purchase
warrant, with each share purchase warrant exercisable to purchase one additional
common share at an exercise price of $0.10 per share for a period of two years.


Securities issued pursuant to this tranche of the 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 November 26,
2011. The private placement and finder's fees are subject to regulatory
approval. Proceeds from the private placement will be used for general working
capital.


On behalf of the Board of Directors,

Michael Rowley, President, Director, Duncastle Gold Corp.