Newcastle Files Technical Report on Its Carscallen Project

   Newcastle Minerals Ltd. (TSX VENTURE: NCM) is pleased to announce that it has completed a National Instrument 43-101-compliant technical report on its 120-hectare Carscallen project located west of Timmins, Ontario. The report is available online at www.sedar.com.

The comprehensive report, prepared by A.C.A. Howe International Limited of Toronto, recommends additional work on the property, including a GIS geoscientific compilation of assessment file data pertaining to surrounding mineral claims, relogging of 2010 and 2011 drill core for the presence of mafic volcanic units that were previously misidentified, a volcanological / structural study and, depending on the results of that work, a 2,000 metre follow-up drilling program.

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

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: Newcastle Minerals Ltd. Michael Romanik President Direct line: [phone] [e-mail] www.newcastleminerals.com