NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to provide an update on its
100% owned properties located in the South Swayze Greenstone belt of Ontario.


Chester Project

This summer, Newcastle completed a drill program of four holes (1,050 meters)
focusing on targets on the eastern portion of the Chester property. While no
significant gold assays were returned, anomalous gold values were encountered
associated with variable degrees of sulphide mineralization, alteration and
fracturing in intermediate intrusive and occasionally intermediate-to-mafic
metavolcanic rocks. The alteration and fracturing encountered during drilling
may be associated with the "Ridout Deformation Zone," which is an important
structural element in the area as described in Trelawney Mining and Exploration
Inc.'s National Instrument 43-101 technical report on the Cote Lake deposit.


A prospecting, mapping and sampling program has begun on the project to identify
potential targets for a follow-up drill program this winter. Newcastle is fully
financed to complete this work. 


Neville-Potier Project

Newcastle's Neville-Potier Project is a large, contiguous claim block consisting
of 15,480 acres in Neville and Potier Townships. The claim block straddles the
contact between the prospective Swayze Greenstone Belt and intermediate to
felsic intrusive rocks to the north. Recent staking by Trelawney Mining and
Exploration adjoining the northern portion of the claim block, combined with
their takeover of Augen Gold, places the Neville-Potier Project in a strategic
position surrounded on two sides by Trelawney. Public databases of topographic
lineaments, magnetic interpretations and Soil Gas Hydrocarbon (SGH) anomalies
(Augen Gold 2011) indicate the Neville-Potier Project could host significant
gold potential. A comprehensive prospecting, mapping and sampling program
focusing on north-northwest structures, SGH anomalies (that trend towards the
southern border of the property) and a government documented historical gold
showing has commenced on the project.


Mollie River

Newcastle was recently notified by First Lithium Resources that it has dropped
its option on one of the three claims originally optioned and reported by First
Lithium on November 19, 2010. The dropped claim is now owned 100% by Newcastle
and comprises six units totaling 240 acres. First Lithium completed no work on
this claim. The claim is underlain by felsic and mafic intrusive rocks that
remain both prospective and underexplored. Once Newcastle completes work on its
Chester and Neville/Potier projects, preliminary mapping and prospecting will
take place on this Mollie River claim. On the claims retained by First Lithium,
ground induced polarization (I.P.) and magnetic surveys followed by diamond
drilling were completed in winter 2011. The Mollie River claim blocks are
surrounded by Trelawney Mining and Exploration and are situated east of their
Cote Lake deposit. 


Newcastle's President, Michael Romanik, said, "We look forward to receiving the
results from the prospecting program to assist in the identification of new gold
targets. These targets will be assessed for detailed mapping, ground geophysics
and diamond drilling follow-up." 


The technical information herein was prepared under the supervision of Mr. Garry
Clark, P. Geo., of Clark Exploration Consulting Inc., who acts as Newcastle's
Qualified Person as defined by National Instrument 43-101.


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

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