NewCastle's Gold Project NOT Included in New Castle Mountain Monument - Seite 2

The proclamation designates approximately 21,000 acres in the new Monument and is made pursuant to the 1906 Antiquities Act which grants the president the authority to protect landmarks, structures, and objects of historic or scientific interest by designating them as National Monuments. Details on the announcement are available for viewing at: https://www.doi.gov/pressreleases/secretaries-jewell-vilsack-applaud-president-obama%E2%80%99s-designation-three-new-national.

A map of the Castle Mountain Monument Area can be viewed at: https://www.doi.gov/sites/doi.gov/files/uploads/CMNM_01062016_draft_withdisclaimer%20%281%29_0.pdf.

*Source: October 10, 2015. Desert Dispatch. Letter to the Editor from Senator Dianne Feinstein.

About NewCastle

NewCastle has 100% of the right, title and beneficial interest in and to the Castle Mountain Venture, a California general partnership, which owns the Castle Mountain property (the "Project") in San Bernardino County, California. The Castle Mountain heap leach gold mine produced over one million ounces of gold from 1992 to 2001, when mining was suspended due to low gold prices. The Mine and Reclamation Plan, under which the mine operated, was authorized by the County of San Bernardino as the Lead Agency and remains in effect. Water for the drill programs was accessed from existing patented wells on the Project.

An updated NI 43-101 resource for the project was announced December 2, 2015 which includes Measured plus Indicated Mineral Resources of 219.9 million tonnes grading 0.59 g/t gold and containing 4.19 million gold ounces along with Inferred Mineral Resources of 40.8 million tonnes grading 0.58 g/t gold and containing 0.76 million gold ounces. The Project hosts a disseminated low sulphidation epithermal system. Gold is primarily hosted by late-stage rhyolite volcanic units within zones of silicification and brecciation associated with northeast-southwest trending/southeast dipping fault structures which are interpreted to have developed within a collapsed caldera environment. Eleven gold domains are represented by both steep and shallow-dipping orientations.