DUN

Duncastle Gold Corp. ("Duncastle" or the "Company") (TSX VENTURE:DUN)
(FRANKFURT:5D3) announced today that it has appointed two directors and two
officers in accordance with the binding Letter of Intent (the "LOI") announced
June 23, 2014 for the acquisition of three highly prospective projects in the
Kluane Ultramafic Belt in the southwest Yukon. Other appointments are
anticipated in the coming weeks as the Company continues to expand its team and
works to complete the LOI.


Management Update 

The Company has appointed Dr. Tom E. McCandless, P.Geo., as Chief Operating
Officer. Dr. McCandless is President of MCC Geoscience Inc., with over 30 years'
experience in diamond and metals exploration including senior management
positions at several publicly-traded companies. As an adjunct professor at the
University of Arizona, he has conducted and published research on PGM
mineralization in the Bushveld Igneous Complex. 


Eugene D. Spiering has been appointed to the role of Vice President Exploration.
Mr. Spiering is presently Vice President Exploration for Quaterra Resources Inc.
and has over 30 years of experience in the mining and exploration industry. He
was formerly Vice President Exploration with Rio Narcea Gold Mines Ltd. where he
managed the team that completed the delineation and development drilling of the
Aguablanca nickel mine and discovered the El Valle and Carles gold mines in
Spain. 


Bill Harris has been appointed to the role of director. Mr. Harris is a
second-generation Yukon prospector and miner. He is the founder and a director
of Northern Freegold Resources Ltd. which advanced several significant
gold-copper-silver deposits at Freegold Mountain in the Yukon. Mr. Harris'
experience ranges from project generation through acquisition to exploration
management, permitting and mining throughout the Americas, including the
formation and management of public exploration companies. He was awarded the
Yukon Prospectors' Association award for Prospector of the Year in 1994. Mr.
Harris has played a key role in the development of the Yukon assets to date
through Denali Resources Ltd. and will play a central role in exploration
operations and community relations going forward (see news release, June 23,
2014). 


The Company also announced the appointment of Kyler Hardy as director. Mr. Hardy
is a successful entrepreneur and has been involved in the mining industry for
over fourteen years including founding a large turn-key geosciences and
logistics management business specializing in early-stage contract exploration
and also the Ridge group of companies which has diverse holdings across several
industries. Mr. Hardy is experienced in project generation, exploration
management, project and company planning, raising capital, corporate development
and the development of strategic partnerships and alliances. 


Duncastle also announced that Doug Warkentin, P.Eng., has stepped down as a
director and has been retained as a technical advisor on mineral processing
among other possible advisory roles. The Company thanks Mr. Warkentin for his
years of service as a director to the Company.


Project Summary and Exploration Plans 

The Company's Yukon PGM-Ni-Cu assets, being the Catalyst, Ultra and Spy
properties, total over 262 square kilometers in the Kluane Ultramafic Belt, a
600km-long sequence of igneous and sedimentary rocks extending from northern
British Columbia through the Yukon and into Alaska. Within the belt,
mineralization occurs at the contact between ultramafic and sedimentary rocks,
with the most notable being the Wellgreen deposit which adjoins Duncastle's
Catalyst project. Wellgreen Platinum Ltd. is currently completing a
prefeasibility study at the Wellgreen deposit and has previously reported an
Indicated Resource of 14.4 Mt at 0.68% Ni, 0.62% Cu, with 2.23 g/t Pt+Pd+Au
grade, and an Inferred Resource of 446.6 Mt at 0.31% Ni, 0.25% Cu, with 0.87 g/t
Pt+Pd+Au grade at a 0.22% NiEq cut-off (see Wellgreen Platinum Ltd. news
release, June 18, 2012). 


The Company is now finalizing exploration plans for the Catalyst, Spy, and Ultra
projects for the 2014 season.


The technical contents of this release have been reviewed by Tom E. McCandless,
Ph.D., P.Geo., independent consultant to Duncastle and qualified person as
defined by National Instrument 43-101.


On behalf of the Board of Directors,

"Michael Rowley" 

Michael Rowley 

President, Director, Duncastle Gold Corp.

This News Release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Duncastle Gold
Corp. does not assume any obligation to update or revise its forward-looking
statements, whether as a result of new information, future events or otherwise,
except to the extent required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Michael Rowley
1.888.456.1112 or 604.641.2742
mrowley@duncastlegoldcorp.com
duncastlegoldcorp.com

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