Duncastle Grants Incentive Stock Options

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

“A Manex Resource Group Company”

August 2, 2011 NR-11-11 Frankfurt: 5D3

Duncastle Grants Incentive Stock Options

Duncastle Gold Corp. (DUN:TSX.V) announced today that has granted incentive stock options to directors, officers, consultants and employees to purchase 2,495,000 common shares at $0.10 per share, exercisable for a period of five years in accordance with the Duncastle stock option plan. The options are subject to acceptance for filing by the TSX Venture Exchange.

On behalf of the Board of Directors, “Michael Rowley”

Michael Rowley President, Director, Duncastle Gold Corp.

For further information, please visit Duncastle Gold Corp’s website at duncastlegoldcorp.com or contact Michael Rowley at 1.888.456.1112 or 604.641.2742 or by email at [email protected] or 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.