Duncan Park Completes Financing

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES 


Duncan Park Holdings Corporation (TSX VENTURE:DPH)(OTCQX:DCNPF) announced that
it has completed its previously announced private placement of $240,000 of
common shares at a price of $0.08 per share. 


The company issued an aggregate of 3,000,000 "flow-through" and
"non-flow-through" shares pursuant to the non-brokered private placement.
Proceeds will be used to finance continuing exploration and winter drilling on
the Company's Red Lake properties. The first two 400 m drill holes will be
carried out on the Dome property at the intersection of the Madsen-Goldcorp (NE)
Trend and the Chukumi River WNW Trend. This drilling will result in the Company
completing the earn-in expenditure requirements on the Dome property. The
drilling rig will then move to the McManus property near the Chukumi River to
test for the extension of the previously identified mineralization zone on the
property. 


Insiders of the Company subscribed for 45% of the private placement. The
financing was approved by the non-interested directors of the Company. A
material change report in respect of the private placement will be filed on
SEDAR in accordance with applicable securities law. The report could not be
filed at least 21 days prior to closing as material information concerning the
private placement was not then known by the Company. 


The Company paid a cash finder's fee of $4,000 to Jones, Gable & Company Limited
with respect to certain subscriptions. The securities issued pursuant to the
private placement are subject to a hold period expiring June 22, 2012. 


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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