DPH Duncan Park Holdings Corp

Duncan Park Holdings Corporation (TSX VENTURE:DPH)(OTCQX:DCNPF) ("Duncan Park")
announced that it has entered into a joint venture agreement ("JV Agreement")
with Sphere Resources Inc. ("Sphere") with respect to the Dome property in
Ontario's Red Lake Gold District (the "Property").


The option agreement previously entered into by Duncan Park and Sphere with
respect to the Property contemplated that the parties would enter into a joint
venture agreement, with respect to future exploration on the Property, following
the earn-in date. As previously disclosed, Duncan Park had earned a 75% interest
in the Property with Sphere retaining the balance.


Duncan Park will be the operator of the project under the JV Agreement.

"We look forward to continued exploration of property when funding and other
conditions allow for it," says Ian McAvity, president and CEO of Duncan Park.


About Duncan Park 

Duncan Park is a Toronto-based mineral exploration company exploring for gold
and other precious metals in Ontario's prolific Red Lake gold mining district. 


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange Inc.) accepts
responsibility for the adequacy or accuracy of this release. 


Cautionary Note Regarding Forward-Looking Information 

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to Duncan Park's
exploration plans. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects", or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "does not anticipate", or "believes" or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management
at the date the information is made, and is based on a number of assumptions and
is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Duncan Park to be materially different from those expressed or implied by such
forward-looking information, including risks related to exploration plans, such
as market conditions and obtaining necessary financing and requisite approvals,
risks related to joint venture arrangements, as well as risks associated with
the exploration, development and mining industry such as economic factors,
future commodity prices, changes in foreign exchange and interest rates,
government regulation, environmental risks, permitting timelines, capital
expenditures, operating or technical difficulties in connection with exploration
and development activities, availability of skilled labour and equipment, the
speculative nature of gold exploration and development, contests over title to
properties, and changes in project parameters as plans continue to be refined as
well as those risk factors discussed in Duncan Park's management's discussion
and analysis for the period ended May 31, 2013, available on www.sedar.com.
Although Duncan Park has attempted to identify important factors that could
cause actual results to differ materially from those contained in
forward-looking information, there may be other factors that cause results not
to be as anticipated, estimated or intended. There can be no assurance that such
information will prove to be accurate, as actual results and future events could
differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward-looking information. Duncan
Park does not undertake to update any forward-looking information contained
herein, except in accordance with applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Duncan Park Holdings Corporation
Ian McAvity
President & CEO
416-203-0860
ian@duncanpark.com
www.duncanpark.com

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