NewCastle Gold Intersects 1.25 g/t Gold Over 94.5 Meters 

TORONTO, ON - NewCastle Gold Ltd. reported assay results from new drilling on the South Domes area at the Castle Mountain gold project located in San Bernardino County, California. These results are part of an ongoing 40,000 meter Phase II definition and exploration drill program that commenced November 1, 2016.

To date, eleven (11) drill holes have been completed on South Domes to follow up on the encouraging values returned in core hole CMM-079 (1.09 grams per tonne gold ("g/t Au") over 213.7 meters and core hole CMM-111 (1.73 g/t Au over 135.9 meters on cross-section 10600N. New drilling is focused around the quartz-feldspar porphyry body and associated mineralized hydrothermal breccias identified on this section during the 2016 Phase I drill campaign. The South Domes target remains open along strike to the north and south and at depth.

Assay highlights from the first four (4) reverse circulation ("RC") drill holes on cross-sections 10600N, 10570N and 10540N across the southern portion of the South Domes target area include: Section 10600N: 1.07 g/t Au over 67.1 meters, in hole CMM-132 including 2.91 g/t Au over 12.2 meters. Section 10570N: 1.25 g/t Au over 94.5 meters, in hole CMM-128 including 3.37 g/t Au over 15.2 meters.

Gerald Panneton, President and CEO commented: "I am very encouraged with the ongoing exploration success at South Domes, which already contained in-pit resources of 1.3 million ounces within the 4.2 million ounce measured and indicated resource (2015 43-101). New drilling continues to confirm the high-grade nature (+ 1.0 g/t Au) of the gold mineralization and its association with previously unrecognized breccia and intrusive bodies. We will continue to extend this exciting target with additional drilling on trend to the south and north as the mineralization is open in all directions." The current drill program is approximately one third complete with 13,000 meters of core and RC drilling as of January 31, 2017.