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PGE.V ·

Duncastle Extends Warrant Expiry Dates

Share Capital & Compensation

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

“A Manex Resource Group Company”

June 7, 2011 NR-05-11 Frankfurt: 5D3

Duncastle Extends Warrant Expiry Dates

Duncastle Gold Corp. (“Duncastle”) (DUN:TSX.V) reported today that it has extended the term of 9,364,639 share purchase warrants for a period of one year as set out in the table below:

Date IssuedNumber of WarrantsOriginal Expiry DateAmended Expiry Date
June 12, 20093,833,333June 12, 2011June 12, 2012
July 17, 20091,647,215July 17, 2011July 17, 2012
July 24, 2009534,091July 24, 2011July 24, 2012
August 18, 20091,500,000August 18, 2011August 18, 2012
August 21, 20091,850,000August 21, 2011August 21, 2012

These warrants were issued pursuant to several private placements which closed between June 12, 2009 and August 21, 2009 and are each exercisable to purchase one common share of Duncastle at a price of $0.15 per share.

The extension of the warrant expiry dates is subject to TSX Venture Exchange acceptance.

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 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.