Duncan Park Drilling and Private Placement Update

Duncan Park Holdings Corporation (TSX VENTURE:DPH)(OTCQX:DCNPF) announced today
that the winter drilling program on its Red Lake properties has concluded early
because of unseasonably warm weather and deteriorating ice conditions.


Notwithstanding the weather, the Company was able to complete four of six
planned drill holes, with two holes drilled on each of the Dome and McManus
properties. The Company expects to receive assay results and the project
geologist's analysis over the next month and will report the results and plans
for a summer drilling program to follow-up on the previously reported
mineralized zone identified by the 2011 drilling program on the land-based
patented claims on the McManus property (see news release dated November 14,
2011). 


The cost of the Dome property drilling is expected to result in the Company
completing the earn-in expenditure requirements on the Dome property. 


The Company also announces that it no longer intends to proceed, at this time,
with the previously announced non-brokered private placement of up to $500,000
of flow-through common shares.


About Duncan Park 

Duncan Park is a Toronto-based mineral exploration company exploring for gold
and other precious metals in Ontario's prolific Red Lake gold mining district.
The Company is party to earn-in option agreements with respect to the contiguous
Dome and McManus claim groups.


Cautionary Note Regarding Forward-Looking Information 

This news release contains "forward-looking information" within the meaning of
applicable Canadian securities legislation. Forward-looking information
includes, but is not limited to, information with respect to Duncan Park's
exploration plans. Generally, forward-looking information can be identified by
the use of forward-looking terminology such as "plans", "expects", or "does not
expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "does not anticipate", or "believes" or variations
of such words and phrases or state that certain actions, events or results
"may", "could", "would", "might", or "will be taken", "occur", or "be achieved".
Forward-looking information is based on the opinions and estimates of management
at the date the information is made, and is based on a number of assumptions and
is subject to known and unknown risks, uncertainties and other factors that may
cause the actual results, level of activity, performance or achievements of
Duncan Park to be materially different from those expressed or implied by such
forward-looking information, including risks related to exploration plans and
option and joint venture arrangements as well as risks associated with the
exploration, development and mining industry such as economic factors, future
commodity prices, changes in foreign exchange and interest rates, government
regulation, environmental risks, permitting timelines, capital expenditures,
operating or technical difficulties in connection with exploration and
development activities, availability of skilled labour and equipment, the
speculative nature of gold exploration and development, market conditions,
access to financing, contests over title to properties, and changes in project
parameters as plans continue to be refined as well as those risk factors
discussed in Duncan Park's management's discussion and analysis for the year
ended November 30, 2011, available on www.sedar.com. Although Duncan Park has
attempted to identify important factors that could cause actual results to
differ materially from those contained in forward-looking information, there may
be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such information. Accordingly, readers should not place undue
reliance on forward-looking information. Duncan Park does not undertake to
update any forward-looking information contained herein, except in accordance
with applicable securities laws.

Duncan Park Holdings Corporation (TSXV:DPH)
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