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Newcastle Minerals Begins Exploration at Pickle Lake Property, Ontario

Newcastle Minerals Ltd. (TSX VENTURE:NCM) has announced that it has initiated its exploration program on its Pickle Lake property in northwestern Ontario.

Billiken Management Services Inc. will immediately begin a high-resolution airborne mag and VLF survey of the property. Billiken will use a Heli-3 three-axis, helicopter-towed magnetic gradiometer and VLF-EM system, with data interpretation services provided by Scott Hogg and Associates Ltd. of Toronto, Ontario. The survey block is four kilometres by 20 kilometres, with flight lines at 75 metres oriented in a southwest-northeast direction. The airborne program will total an estimated 1,146 line kilometres. Billiken also expects to gather a significant amount of regional information, which should aid Newcastle in selecting drill targets and interpreting the structures on the Pickle Lake property against known mineralized structures in the area.

In addition to the airborne program, Newcastle has retained Cartwright Drilling Inc. of Newfoundland to carry out an estimated 1,500-metre diamond drilling program and a geologist has been assigned to manage the drill onsite.

Newcastle's goal for the drilling and airborne programs is to expand the known mineralization of the Southwest Powderhouse Zone in the southern claim group of the Pickle Lake property, and to search for extensions of, or relationships to, Vein No. 5, Vein No. 11, Vein No. 20 and the Riopelle Vein all located on PC Gold Inc.'s adjacent property.

The technical information herein was prepared under the supervision of Mr. Brian Newton, P. Geo., of Billiken Management Services Inc., who acts as Newcastle's Qualified Person as defined by National Instrument 43-101.

Source: Newcastle Minerals Ltd.

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