Newcastle Reports Drill Results on Its Carscallen Property

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to announce that it has
received the results from its nine-hole, 2,000-metre diamond drill program
designed to further evaluate its 120 hectare Carscallen Property located near
Timmins, Ontario.


The drilling program targeted untested induced polarization (IP) anomalies, the
Bristol Fault and an interpreted splay to the Bristol Fault. The drill holes did
not exceed 300 metres, testing the property at less than 200 metres below
surface.


A single inclined (-45 degrees) diamond drill hole - NC-11-04 - tested an IP
anomaly with an associated high magnetic response located in the north of the
property. Drilling intersected a graphite- and pyrite-bearing unit, explaining
the IP anomaly. A 0.5 metre quartz vein located at 146 metres down the hole
returned 279 ppb gold over 1.0 metres.


A series of five holes, totaling approximately 1,150 metres, was drilled to
define the general trend of the Bristol Fault for a strike length of 800 metres.
The trend of the fault has now been determined, although no significant gold
values were encountered.


Two holes - NC-11-06 and NC-11-03 - were drilled in the area of Holes NC-10-01
and NC-10-07. The 2010 holes intersected a 50-metre-wide subvertical zone of
weak to moderate shearing with values of up to 500 ppb gold over 0.60 metres.
The drill hole under this intercept reported an assay of 240 ppb gold over 2.0
metres within a zone of weakly anomalous gold values.


The diamond drill program succeeded in evaluating specific geological targets
and providing valuable stratigraphic geology for the property. Management will
review the entire property data set to determine the direction of the next
program.


Clark Exploration Consulting completed the diamond drill program, employing an
industry-accepted QA/QC program of standard, blanks and duplicates within the
sampling stream of the drill core. Accurassay Laboratories, an ISO/IEC Guideline
17025 accredited lab, assayed the core. 


The technical information herein was prepared under the supervision of Mr. Garry
Clark, P. Geo., 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 6,600-hectare property - including the Mollie River 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