Newcastle Earns 100% Interest in Pickle Lake Claims

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has
exercised its option early and purchased a 100% interest, subject to a 2% NSR
royalty payable to Cadillac Ventures Inc., in its Pickle Lake property. The
former Cadillac claims consist of 21 mining claims covering 2,960 hectares
located in Connell and Dona Lake townships of the Patricia Mining division in
northwestern Ontario. 


Several of the Cadillac claims are located southwest of, and adjoining, PC Gold
Inc.'s Pickle Crow property. On September 15, 2011, PC Gold announced a major
shallow drill program of 22,000 meters targeting the near surface banded-iron
formation designed to expand their existing open pit resources. This banded-iron
formation trends southwest onto Newcastle's property. There are several areas of
known mineralization on Newcastle's property, such as the Bridge Zone, Field
Zone and the most well-known, the Southwest Powderhouse zone. Several holes were
drilled in 2010 in the Southwest Powderhouse zone area and near the northeast
boundary of the property with the PC Gold property. Most holes returned gold
mineralized intersections with results ranging from 0.82 g/t gold over 15 feet
to 4.2 g/t gold over 5 feet in brecciated, quartz flooded iron formation.
Follow-up drilling based on these and historic results is warranted.


The technical information herein was prepared under the supervision of Mr. Brian
Newton, P. Geo., of Billiken Management Services Inc., who acts as Newcastle's
Qualified Person as defined by National Instrument 43-101.


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
Trelawney Mining and Exploration Inc.'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