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.

WEST TIMMINS, ONTARIO GOLD PROSPECT

The company negotiated an option to purchase an 100% interest in nine property patents covering approximately 120 hectares in Carscallen Township adjacent to Highway 101, 21 kilometres southwest of Timmins, Ontario. (announced December 22, 2009 )

A geophysical survey is underway on the property. Announced February 9, 2010 which was completed April 9, 2010.

On May 3, 2010, The Newcastle announced that it had optioned the Carscallen property to SGX.

On June 3, 2010,  and on June 29, 2010, the company announced an exploration update on the Carscallen Property.

NEWCASTLE OPTIONS PICKLE LAKE GOLD PROSPECT

In addition to the Timmins Property mentioned above, the Company negotiated an option to purchase up to a 100% interest in Mhakari Gold Corp.’s Pickle Lake Property, which comprises 19 mineral claims covering approximately 9,600 acres in Ontario’s Connell, Dona Lake and Ponsford Townships. ( press release January 12, 2010 ) and negotiated for additional option to purchase a 100% interest in five mineral claims covering approximately 1,960 acres in Ontario’s Dona Lake Township, both have now received regulatory approval. (see press release January 15, 2010. In addition, the company staked four additional mineral claims adjoining its Pickle Lake gold prospect in northwestern Ontario, adding 144 hectares to its 7,400-hectare package of claims. ( see  March 24, 2010 press release).  A map is located here :  NCM Pickle Lake claims.pdf

On June 17, 2010, Newcastle announced  that  subject to regulatory acceptance, negotiated an option to purchase up to 100% of 21 mineral claims covering 2,960 hectares in Connell Township and Dona Lake Township in northwestern Ontario.

These claims adjoin PC Gold Inc.’s Pickle Crow property within 200 metres of their No. 20 Vein, at which PC Gold intersected 20.96 grams of gold per tonne over 0.5 metres at a depth of 126 metres in February 2010. Newcastle’s Pickle Lake gold prospect now comprises 10,400 hectares or about 100 square kilometres.

Michael Romanik
CEO, PRESIDENT AND DIRECTOR

Mr. Romanik has served as a director of the Company since April 2008.  He is the Chief Financial Officer and a director of First Lithium Resources (TSX:MCI) and is President of Verenex Capital Corp, a private investment company.  Mr. Romanik also provides investor relations services for Pebble Creek Mining (TSX:PEB) and is the President of First India Resources Inc, a private company engaged in identifying mineral projects in India.

Jeff Smulders
CFO, DIRECTOR

Director of Skyline Gold Corporation, a junior resource company listed on the TSX Venture Exchange. In addition, Mr. Smulders holds a B.Sc. in Mathematics from the University of British Columbia, an MBA from City University and a CMA from the Society of Management Accountants. He began his career with one of the large accounting firms in the early 1970s then worked in the mining industry for Placer Development Limited for almost 10 years. For the past 20 years, Mr. Smulders has managed his own financial consulting company assisting a wide variety of businesses including public companies in the areas of financial management, taxation and accounting.

James Darcel
DIRECTOR

Mr. Darcel has over 20 years of experience in the investment industry including several years at the Toronto Stock Exchange. He became an investment counselor and portfolio manager more than ten years ago, and has worked as a financial analyst and consultant. He focused on the energy sector recently as a director and IC/PM with Regenesis Capital Management Inc. of Toronto, and has prepared several independent investment research reports on natural resource exploration companies based in Canada and abroad.

Andrew E. Nevin
DIRECTOR

Dr. Andrew E. Nevin, Ph.D., P.Eng. was educated at St. Lawrence University, University of California at Berkeley and University of Idaho.  He previously worked with Phelps Dodge Corporation, Cannon-Hicks Associates Ltd., Nevin Sadlier-Brown Goodbrand Ltd., and more recently as an independent consultant and developer, and President and CEO of Pebble Creek Mining Ltd. (TSXV:PEB).  Dr. Nevin has 44 years of global experience as a geologist and exploration manager.  He has contributed to the discovery, development or augmenting of reserves of several mineral deposits around the world, including copper, gold and silver mines in the United States, Canada, Mexico, China and Colombia, and geothermal steam fields in Canada and Indonesia.  Dr. Nevin has consulted for many leading companies and governmental agencies, and served on the boards of several junior Canadian companies.  He is a Fellow of the Society of Economic Geologists, a member and past director of the Society for Mining, Metallurgy and Exploration of the American Institute of Mining, Metallurgical and Petroleum Engineers, a Professional Engineer in British Columbia, and a Registered Geologist in Idaho.

Newcastle Minerals is listed on the TSX Venture Exchange, Tier 2, symbol TSXV:NCM Frankfurt Stock Exchange’s Open Market under the symbol “6NR.

• Authorized Capital: Unlimited
  

• Shares Outstanding: 103,216,118