Newcastle Completes First Tranche of Private Placement

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has
closed the first tranche of its previously-announced non-brokered private
placement as to 4,300,000 flow-through shares at a price of $0.06 per share and
4,600,000 non-flow-through units at a price of $0.06 per unit.


Each non-flow-through unit consists of one common share and one warrant. Each
warrant, in turn, entitles the holder to purchase an additional common share at
a price of $0.10 until July 24, 2013. The shares and units are subject to a hold
period expiring November 26, 2011.


Newcastle expects to complete the balance of the offering by August 9, 2011.

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 6,600-hectare property located in the Swayze greenstone belt of
Ontario near Trelawney Mining and Exploration Inc.'s Chester Project. 


ON BEHALF OF THE BOARD

Michael Romanik, President