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DUN

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Share Name Share Symbol Market Type
TSXV:DUN TSX Venture Common Stock
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Duncastle Signs Exploration Access Agreement with First Nations at Porphyry Creek

03/05/2010 2:37pm

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Duncastle Gold Corp. (TSX VENTURE: DUN)(FRANKFURT: 5D3) (the "Company") reported today that it has signed an access agreement with First Nations for 2010 exploration work on the western portion of its 100% owned Porphyry Creek project located 20 kilometres northwest of Smithers in northwest British Columbia.

The agreement provides employment, training and business opportunities to First Nations and First Nations businesses in the western project area while granting Duncastle access for the proposed 2010 exploration program including airborne geophysics, ground exploration and potential drilling intended to advance the gold-copper porphyry potential of the property. The 2010 agreement is a continuation of the positive relationship Duncastle has built with the local community starting with early consultation before work commenced in 2008.

With over 94 sq km of mineral claims and numerous high-grade gold, silver and polymetallic showings and past workings around a 10-kilometer long magnetic high, the Porphyry Creek project makes a compelling porphyry target. Early modeling work by Duncastle has demonstrated zonation on the property consistent with porphyry models that will be targeted and investigated in the 2010 exploration program.

Duncastle Gold Corp. is a Vancouver based gold exploration company with mineral claims covering or surrounding past producers in two historic BC districts. In Southeast BC Duncastle is targeting high-grade gold-silver-lead-zinc veins at the former Yankee-Dundee mine, 50km from the smelter at Trail, BC. In Northwest BC the Company's holdings cover a 10 km long magnetic anomaly, previous workings, and high-grade veins at its Porphyry Creek project. Duncastle has assembled contiguous claim blocks totaling more than 150 sq km in each of these two productive regions for gold and copper exploration.

As part of the Manex Resource Group, Duncastle benefits from shared expertise in corporate finance, public company administration, investor relations, and technical and geological services provided for six public companies. Since its formation in 1997, the companies within the Manex Group have raised over C$250 million in exploration financing.

On behalf of the Board of Directors,

Victor J E Jones, President, Director, Duncastle Gold Corp.

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.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Duncastle Gold Corp. Jeff Stuart 1.888.456.1112 or 604.641.2771 jstuart@mnxltd.com Duncastle Gold Corp. Liana Shahinian 1.888.456.1112 or 604.641.2771 www.duncastlegoldcorp.com

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