Duncan Park Holdings Corporation announced that its board of directors has authorized the Corporation to increase its previously announced borrowing limit from $150,000 to $300,000. Pursuant to this borrowing authority, the Corporation has entered into an unsecured term loan agreement with a non-arm's length party to borrow $56,000. The Loan bears an interest rate of 5% per annum, calculated annually and is due and payable on or before March 15, 2014.

Duncan Park Holdings Corp. announced that its board of directors has authorized the company to borrow up to $150,000 from available sources, pursuant to which it has entered into a unsecured term loan agreement with a non-arm's length party to borrow $75,000. The loan bears an interest rate of 5% per annum, calculated annually and is due and payable on or before March 15, 2014. The loan was made by Ian McAvity, president, CEO, a director and a 10%+ shareholder of the company. Proceeds of the loan will be used for working capital purposes and may be prepaid by the company prior to its maturity date without penalty. The financing was approved by 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.

Duncan Park Holdings Corporation announced that despite the unseasonably mild winter conditions, it was able to complete most of its planned winter core drilling program on its contiguous Dome and McManus claim groups that are subject to the earn-in agreements with Sphere Resources Inc. in the prolific Red Lake gold Camp of northwestern Ontario. This work consisted of two holes on the Dome claims and two holes on the McManus Patents. The intent of the Dome drilling was to position the projected intersection of two geological structures interpreted to host gold systems within the Red Lake Gold camp. These structures are inferred from projections of the basic geologic framework adjacent to and under Red Lake that had been developed from government mapping and company reconnaissance mapping. Drilling on the McManus Patents was intended to test the northwest extension of the newly discovered McManus/Chukuni Mineralized Zone. The two Dome holes, drilled 1.6 km west of the McManus Gold system, confirmed the projection of contacts between the Howey Diorite on the south, a relatively thin (+/- 350 m) middle unit of iron-carbonate altered volcano-sedimentary rocks and an assemblage of mafic volcanic rocks on the north. Drilling has penetrated and positioned these contacts. The company believes that this structural contact zone may represent part of the northeast trending Flat Lake/Madsen/Goldcorp deformation zone proposed by the Ontario Geological Survey in the 1980's. Hole SD12-09 returned 0.34 g/t gold over a 3m core interval at 175m down-hole (146m vertical). The two holes on the McManus Patents were step-out holes drilled 150m and 300m west of the 2011 drilling on the westerly projection of the northwest trending McManus/Chukuni Mineralized Zone beneath Red Lake. These holes confirmed the continuation of the Zone and the presence of low grade gold mineralization, but did not encounter significant precious metal mineralization. Hole SM12-12, 300m west, intersected 0.288 g/t gold over 9.0m between 399.0-408.0m down-hole, a vertical depth of 297.5m. Assay intervals generally appear sub-vertical. True widths can be estimated at 0.6 X sample interval width. A total of six diamond drill holes comprised of 2,121m were collared from four ice pads on Red Lake. Two holes were aborted due to overburden conditions. Geochemical results have been received and will be incorporated into the extensive database evolving from the company's work program. The summer program will be planned to extend and define the McManus/Chukuni mineralized zone and to continue the exploration of the rest of the large, highly prospective, land holding.