Duncastle Announces Share Consolidation

1100-1199 West Hastings Street, Vancouver, British Columbia, V6E 3T5

“A Manex Resource Group Company”

August 29, 2012 TSX.V: DUN NR-04-12 Frankfurt: 5D3

Duncastle Announces Share Consolidation

Duncastle Gold Corp. (“Duncastle”) (DUN:TSX.V) reports that, further to its news release of June 29, 2012, it has proceeded with a consolidation of its issued and outstanding common shares on a 1 new share for 10 old shares basis. Effective at the opening of the market on August 30, 2012, Duncastle’s shares will trade on a consolidated basis under the symbol “DUN” (with new CUSIP number 265151209). As at the date hereof, there are an aggregate of 85,685,302 common shares issued and outstanding and it is expected that there will be an aggregate of approximately 8,568,530 common shares issued and outstanding upon effecting the consolidation. Letters of Transmittal will be forthcoming.

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.