Duncastle Announces Private Placements

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

“A Manex Resource Group Company”

May 26, 2011 NR-04-11 Frankfurt: 5D3

Duncastle Announces Private Placements

Duncastle Gold Corp. (TSX.V: DUN) reported today that it plans to issue up to 23.5 million units in two nonbrokered private placements for total gross proceeds of C$1,310,000.

The company plans to issue up to 13.5 million units in a non-brokered flow-through private placement at a price of C$0.06 per unit (“Flow-Through Unit”) to raise C$810,000, and to issue up to 10 million units in a nonbrokered non flow-through private placement at a price of C$0.05 per unit (“Non Flow-Through Unit”) to raise C$500,000. Each Flow-Through Unit will consist of one flow-through common share and one-half share purchase warrant, with each whole share purchase warrant (“Warrant”) exercisable to purchase one additional non-flow-through common share at an exercise price of C$0.10 per share for a period of two years. Each Non Flow-Through Unit will consist of one non-flow-through common share and one Warrant.

Finder’s fees may be payable on both private placements. The private placements and finder’s fees are subject to regulatory approval. Proceeds from the private placements will fund drilling and field work at the Porphyry Creek project in British Columbia, and for working capital.

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

Michael Rowley President, Director, Duncastle Gold Corp.

For further information, please visit the company’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.