Duncastle 2012 Annual General Meeting
1100-1199 West Hastings Street, Vancouver, British Columbia, V6E 3T5
“A Manex Resource Group Company”
June 29, 2012 TSX.V: DUN NR-03-12 Frankfurt: 5D3
Duncastle 2012 Annual General Meeting
Duncastle Gold Corp. (“Duncastle” or the “Company”) (DUN:TSX.V) reports the results of its 2012 Annual General Meeting held on June 28, 2012. Shareholders re-elected Lawrence Page, Q.C., Michael Rowley, Douglas Warkentin, Derek Page and Victor Jones as directors for the ensuing year. Watson, Dauphinee & Masuch, Chartered Accountants were reappointed as auditors of Duncastle and the Company’s rolling stock option plan was approved. The directors subsequently reappointed Michael Rowley as President, Lawrence Page as Chairman, Mahesh Liyanage as Chief Financial Officer and Arie Page as Corporate Secretary. Duncastle also reports that Scott Hean has resigned as a director. The board of directors wishes to thank Mr. Hean for his services as a director and audit committee member of Duncastle and wishes him well in his future endeavors.
An ordinary resolution authorizing the approval of a proposed consolidation of the issued common shares of Duncastle was also passed. Duncastle’s management believes that the share consolidation will result in greater investor interest and improved trading liquidity and that it will facilitate future financing of the Company. Any share consolidation will only become effective at such time as Directors resolve to consolidate common shares at a ratio not to exceed ten old shares for one new share and the Company completes all requisite financings. The share consolidation will also be subject to TSX Venture Exchange acceptance. The Company’s name will remain the same.
On behalf of the Board of Directors, “Michael Rowley”
Michael Rowley President & Director, Duncastle Gold Corp.
For further information, please visit Duncastle’s website at duncastlegoldcorp.com or contact Liana Shahinian at 1.888.456.1112 or 604.641.2773 or by email at [email protected]
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.
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.