DUN

Duncastle Gold Corp. (TSX VENTURE:DUN)(FRANKFURT:5D3) reported today that its
previously announced non-brokered private placements (NR-02-10) are
oversubscribed.


The company now plans to issue up to 7,110,900 units at a price of C$0.06 per
unit to raise $426,654. Each unit will consist of one common share and one-half
share purchase warrant, with each whole warrant exercisable to purchase one
additional common share at an exercise price of C$0.10 per share for a period of
one year.


The company also plans to issue up to 4,625,000 flow-through shares at a price
of C$0.08 per share for gross proceeds of $370,000. A first tranche of 250,000
flow-through shares for proceeds of $20,000 has closed and the second tranche is
expected to close shortly. All securities issued pursuant to the first tranche
of the flow-through private placement, including common shares and finder's
warrants issued as finder's fees, carry a legend restricting trading of the
securities until July 20, 2010.


Finder's fees may be payable on both private placements. The private placements
and finder's fees are subject to regulatory approval. Proceeds from the private
placements will fund exploration, including an airborne geophysical survey and
field work on the company's exploration projects in British Columbia, and for
working capital.


About Duncastle Gold Corp.

Duncastle Gold Corp. is a Vancouver based gold exploration company with mineral
claims covering or surrounding past producers in two historic BC districts. In
Southeast BC Duncastle is targeting high-grade gold-silver-lead-zinc veins at
the former Yankee-Dundee mine, 50km from the smelter at Trail BC. In Northwest
BC the company's holdings cover a 10 km long magnetic anomaly, previous
workings, and high-grade veins at its Porphyry Creek project. Now covering more
than 150 sq km, Duncastle has assembled contiguous claim blocks in each of these
two productive regions for gold exploration.


As part of the Manex Resource Group, Duncastle benefits from shared expertise in
corporate finance, public company administration, investor relations, and
technical and geological services provided for six public companies. Since its
formation in 1997, the companies within the Manex Group have raised over C$250
million in exploration financing.


On behalf of the Board of Directors,

Victor J E Jones, President, Director, Duncastle Gold Corp.

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