NY85 Capital Begins Drilling Newcastle's Carscallen Project

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that NY85
Capital Inc. has commenced a drill program on Newcastle's Carscallen property.
NY85 Capital Inc. has the option to earn a 60-per-cent undivided interest in the
property by making cash payments to Newcastle over a period of two years
totaling $85,000 and issuing to Newcastle over a period of two years a total of
750,000 NY85 common shares. In addition, NY85 Capital Inc. must incur
exploration costs totaling $900,000 on the property over a period of three
years.


Newcastle Minerals Ltd. is a Canadian gold exploration company trading on the
TSX Venture Exchange (TSX VENTURE:NCM). The company is advancing its three key
properties: the 11,100-hectare Pickle Lake Property in northwestern Ontario, its
6,898-hectare property located in the Swayze greenstone belt of Ontario near
Iamgold's Cote Lake deposit, and its 120-hectare Carscallen Property in the West
Timmins area of Ontario.


ON BEHALF OF THE BOARD

Michael Romanik, President