NewCastle Gold Completes Merger 

TORONTO - NewCastle Gold Ltd. reported that they it has completed the previously announced merger. NewCastle, the continuing public company, will be anchored by the substantially permitted Castle Mountain Gold Project located in California, with the goal of creating a new mid-tier gold company.

The Company's new Executive Chairman, Richard Warke, stated, "With the strength of our board and management team, and the high quality Castle Mountain gold project, the Company is well positioned to drive towards its goal of creating a new mid-tier gold company." David Adamson, Chief Executive Officer of NewCastle, added, "I look forward to working with the new members of the board and management team. With a topped up treasury, we plan to have drills turning on the project in the very near term to determine the full potential of the project.