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NCM Goldon Resources Ltd.

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Share Name Share Symbol Market Type
Goldon Resources Ltd. TSXV:NCM 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 -

Newcastle Chester Property Update

11/08/2011 1:15pm

Marketwired Canada


Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to provide an update on its
100% owned Chester Project located in northwestern Ontario, Canada.


Newcastle completed a preliminary four-hole, 1,050-metre diamond drilling
program focusing on targets on the eastern portion of the property in June 2011.
While no significant gold assays were returned, anomalous gold was encountered
and was dominantly associated with variable degrees of sulfide mineralization,
alteration and fracturing in intermediate intrusive (primarily hornblende
diorite) and occasionally intermediate-to-mafic metavolcanic rocks. The
alteration and fracturing encountered during drilling may be associated with the
"Ridout Deformation Zone," which is an important structural element in the area
described in Trelawney Mining and Exploration Inc.'s N.I. 43-101 Technical
Report on the Cote Lake Deposit. A prospecting and sampling program will
commence shortly on the Chester Project.


Also of note is the staking of 12 mineral claims (consisting of 7,680 acres)in
June 2011 by Trelawney adjoining Newcastle's 15,480-acre Neville/Potier Project
to the north. This places two of Newcastle's projects in the middle of
Trelawney's land holdings in the Swayze belt.


Newcastle's President, Michael Romanik, said "We are encouraged by Trelawney's
staking to the north of our Neville/Potier Project, validating our focus on the
area. With Trelawney's recent takeover bid for Augen Gold, Newcastle's three
parcels totaling 17,000 acres adjoining or surrounded by either Trelawney or
Augen Gold properties put us in a very strategic position."


An updated claim map of the region is available at http://goo.gl/WzAS0.

The technical information herein was prepared under the supervision of Mr. Garry
Clark, P. Geo., of Clark Exploration Consulting Inc., who acts as Newcastle's
Qualified Person as defined by National Instrument 43-101.


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


ON BEHALF OF THE BOARD

Michael Romanik, President

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