NEWCASTLE SHAREHOLDERS APPROVE RESTRUCTURING Shareholders, including the Company’s largest shareholder IAMGOLD, vote 97% in favour of restructuring plan

Newcastle Minerals Ltd.

Press Release NEWCASTLE SHAREHOLDERS APPROVE RESTRUCTURING

Shareholders, including the Company’s largest shareholder IAMGOLD, vote 97% in favour of restructuring plan

VICTORIA, BC, February 19, 2013 – Newcastle Minerals Ltd. (TSX-V: NCM) (USOTC: NCMBF) (“Newcastle” or the “Company”) is pleased to announce that its shareholders have voted overwhelmingly in favour of the restructuring plan announced January 10, 2013.

Suite 416 108-800 Kelly Road Victoria, BCV9B 6J9 T 250 474 7999 The Company will now proceed with the restructuring that will include:

F 250 474 7997

• a share consolidation, with one new common share exchanged for

[email protected] www.newcastleminerals.com every five old shares, that will result in the Company’s current issued TSXV-NCM and outstanding capital of 103,566,118 common shares being reduced to 20,713,224 common shares;

• the Company changing its name to GoldON Resources Ltd. and its trading symbol on the TSX Venture Exchange to GLD; and
• an equity financing to fund the next phase of exploration on the Company’s 100% owned Swayze Gold Property that adjoins IAMGOLD’s multi-million ounce Côté Gold Project.

“We are pleased by the overwhelming support from our shareholders for the restructuring plan and sincerely believe it better positions the Company to achieve its long-term growth initiatives,” said Newcastle’s President Michael Romanik.

About Newcastle Minerals

Newcastle Minerals Ltd. is a Canadian gold exploration company trading on the TSX Venture Exchange (TSX-V: NCM). The Company is advancing its two key properties: the 15,500-hectare Pickle Lake Gold Property in northwestern Ontario; and the 6,640-hectare Swayze Gold Property that adjoins IAMGOLD’s multi-million ounce Côté Gold Project in the Swayze Greenstone Belt of Ontario.

ON BEHALF OF THE BOARD Signed “Michael Romanik”

Michael Romanik, President Direct line: (204) 724-0613

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