By Jan 27,2012
Press Release
NEWCASTLE ANNOUNCES PRIVATE PLACEMENT
VICTORIA, BC, January 26, 2012 - Newcastle Minerals Ltd.
(TSXV:NCM) is pleased to announce that it has negotiated,
subject to regulatory acceptance, a non-brokered private
placement of 10,000,000 units at a price of $0.05 per unit
with one investor.
Each unit consists of one common share and one-half of one
warrant. Each full warrant, in turn, entitles the holder to
purchase an additional common share at a price of $0.10 for a
period of one year from the closing of the offering. The
proceeds from the private placement will be used for general
working capital.
Newcastle Minerals Ltd. is a Canadian gold exploration
company trading on the TSX Venture Exchange (TSX Venture:
NCM). The company is advancing its three key properties: the
11,100-hectare Pickle Lake Property in northwestern Ontario,
its 6,898-hectare property located in the Swayze greenstone
belt of Ontario near Trelawney Mining and Exploration Inc.'s
Cote Lake deposit, and its 120-hectare Carscallen Property in
the West Timmins area of Ontario.
ON BEHALF OF THE BOARD
Signed "Michael Romanik"
Michael Romanik, President
Direct line: (204) 724-0613
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.
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