Duncan Park Announces Completion of Shares-for-Debt Transaction and First Closing of Private Placement

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 today
that it has completed its previously announced shares-for-debt transaction
("Shares-for-Debt Transaction") whereby the Company issued 4,413,300 common
shares at a price of $0.05 per share in full satisfaction of certain loans
totalling $220,665 (included accrued interest of $5,665) made to the Company by
two insiders.


The Company also announced today that it has issued 7,500,000 common shares at a
price of $0.01 per share pursuant to its previously announced non-brokered
private placement (the "Private Placement").


The Private Placement was priced in reliance of the temporary relief measures
established by the TSX Venture Exchange. The principal purpose of the proceeds
of the Private Placement is to pay the final $75,000 property payment to
complete the earn-in on the McManus property and to provide working capital to
maintain or preserve Duncan Park's existing operations, activities and assets.


In the event that the Company completes further tranches of the Private
Placement, it anticipates that the proceeds from the Private Placement will be
used as follows (based on the maximum offering of up to $200,000):




----------------------------------------------------------------------------
    Use of Proceeds                                                   Amount
----------------------------------------------------------------------------
1.  Final McManus property payment                              $     75,000
----------------------------------------------------------------------------
2.  Accounts payable                                                  56,392
----------------------------------------------------------------------------
3.  Estimated additional property related costs (transfer and               
     registration of title)                                           10,000
----------------------------------------------------------------------------
4.  Estimated regulatory compliance, legal and administrative               
     costs to year-end                                                39,900
----------------------------------------------------------------------------
5.  Working Capital                                                   18,708
----------------------------------------------------------------------------
    Total                                                       $    200,000
----------------------------------------------------------------------------



Insiders of the Company subscribed for $50,000 of shares. The securities issued
pursuant to the Shares-for-Debt Transaction and Private Placement are subject to
a four-month hold period. The transactions were approved by the non-interested
directors of the Company. A material change report in respect of the
transactions 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 transaction was not then known by the Company.


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.


Neither TSX Venture Exchange Inc. nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange Inc.) accepts
responsibility for the adequacy or accuracy of this release. 


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
private placement transaction and use of proceeds. 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 private placements, such as market conditions and obtaining necessary
financing and requisite approvals, 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, 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 period ended May 31, 2013, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Duncan Park Holdings Corporation
Ian McAvity
President & CEO
416-203-0860
ian@duncanpark.com
www.duncanpark.com
Duncan Park Holdings Corporation (TSXV:DPH)
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