NCM Goldon Resources Ltd.

Newcastle Minerals Ltd. (TSX VENTURE:NCM) is pleased to provide an update on its
Pickle Lake exploration program, which has successfully discovered new gold
occurrences on the Fault Creek Property.


In August, Newcastle shifted its focus from the Southwest Powderhouse area of
the extensive property and the area contiguous to PC Gold's property - where it
successfully identified gold-hosting structures - to the southern extent of the
property, including a historical showing uncovered during compilation of
historical data and exploration reports. 


After the completion of compilation work, a prospecting and mapping campaign was
conducted which included 8 samples taken from the area of the showing, located
approximately 1.5 km from Highway 599 in an area of relatively flat ground with
outcrop exposure consisting of mostly oxide iron formations, felsic volcanics,
tuffs and mafic volcanic flows. Two of the eight samples assayed at 4.72 g/t
gold and 1.2 g/t silver, and 1.83 g/t gold and 1.3 g/t silver. The samples were
obtained from the south side of Fault Creek, in an area which bore evidence of
historic activity. The area consists of well-mineralized oxide iron formations
interlayered with felsic tuffs with evident chlorite and carbonate alteration.
Quartz veins cross cut the host iron formation in the area and vicinity of these
sample locations. In addition, sulphide mineralization occurs as fine
disseminations of pyrite and pyrrhotite.


Exploration continued with a stripping, washing and channel sampling campaign on
the iron formation along strike from the Fault Creek discovery. Assay results
from this latter program are pending and will be released as available.


Newcastle's president, Michael Romanik, said, "We are excited by the discovery
of the Fault Creek showing through diligent study and exploration. This work
adds value to the previously unexplored southern extent of our large property.
We plan to maintain momentum with our Pickle Lake exploration, judiciously
moving through the exploration cycle."


The technical information herein was prepared under the supervision of Brian
Newton, P. Geo., of Billiken Management, 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 15,500-hectare Pickle Lake Property in northwestern Ontario, its
6,898-hectare property located in the Swayze greenstone belt of Ontario near
Iamgold'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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Newcastle Minerals Ltd.
Michael Romanik
President
Direct line: (204) 724-0613
info@newcastleminerals.com
www.newcastleminerals.com

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