DPH Duncan Park Holdings Corp

Duncan Park Holdings Corporation (TSX VENTURE:DPH) announced today that
management has been given an audio-visual presentation by Mr. Gordon Yule,
P.Geo., the project's consulting geologist, summarizing a reconnaissance
geological field assessment of the land-based claims of the Dome and McManus
properties, and a preliminary presentation by Abitibi Geophysics of the
principal results of a ground magnetic survey and an Induced Polarization ("IP")
survey of the combined Red Lake properties. The work has identified a number of
coincident geophysical and geological targets characterized by anomalous
chargeability, magnetic contrast, observed alteration, sulphide mineralization
and structures with similar characteristics to the Red Lake gold mineralization
systems. 


Mr. Yule identified 22 potential land-based drill targets on both the Dome and
McManus properties which he discussed during a meeting of the Duncan Park/Sphere
Resources Technical Committee that was held last Friday. He has also submitted
49 chip and grab samples to Accurassay Laboratories in Thunder Bay for gold
analysis, the results of which are not yet available. 


Mr. Yule's primary target is a sulphide-bearing structural zone at the contact
between the Howey Diorite and mafic volcanic rocks within the NW trending
Chukuni deformation zone on one of the patented McManus claims. To the Company's
knowledge, there has not been any prior exploratory drilling of this target. 


Abitibi Geophysics presented the results of its ground magnetic survey and its
IP survey that utilized its advanced IPower 3D technology. The presenters
focused on two high-priority mainly land-based targets, respectively located on
the Dome and McManus properties. 


Significant results of the geophysical work include the identification of a zone
of anomalous chargeability 600m by 150 meters coincident with structural and
lithologic projections based on observed alteration, veining and sulfide
mineralization. Historic drilling on small shallow veins of the nearby McManus
main showing, completed in 1936, and recorded in proprietary and government
files reportedly encountered significant gold values ranging from nil and trace
amounts up to one ounce gold per ton over 24" in holes McManus #1 & #11 within
and in proximity to this zone of anomalous chargeability. Geological mapping has
identified a series of outcrops with high sulfide content approximately 300
meters to the east on strike with the geophysical anomaly. It is considered
encouraging that Mr. Yule's geology-based primary target was supported by the
entirely independent Abitibi surveys, and consequently has been selected as the
first target to be drilled.


A second significant target located at the south eastern block on the Dome
claims identified by the geophysical work is a chargeability anomaly of 300
meters in strike length by 75 meters in width. This anomaly is also surrounded
by other smaller anomaly targets.


Mr. Yule is in the process of planning the summer drilling program, obtaining
the required permissions, and is in discussions with drilling companies who are
developing proposals for the planned work. 


Further analysis of the Abitibi data will be required to identify drill targets
for next winter's drilling program on the lake claims. Abitibi reported that the
IP responses observed on the lake claims were weaker than those recorded over
the land claims. It was thought that this may be due to the masking effect of
the high conductivity of the sediments of the lake bottom. This will be
elaborated upon in their final report. 


David R. Shaddrick, P.Geo., a Qualified Person within the meaning of NI 43-101,
and Director of Duncan Park visited the project from May 27 to May 31, 2011 in
company with Mr. Yule, and has reviewed and approved the contents of this news
release.


The Company has sufficient flow-through funds presently on hand for at least 5
holes of approx. 300m (1500m in all). A possible flow-through share offering may
be contemplated later in the year to fund an intended winter drill program on
the ice for the lake-based claims. 


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 and possible financing activities. 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 associated with the exploration,
development and mining industry such as economic factors, future commodity
prices, market conditions, 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,
risks related to private placement financings, such as market conditions and
regulatory and other approvals, obtaining necessary financing and requisite
regulatory and other approvals, as well as those risk factors discussed in
Duncan Park's management's discussion and analysis for the period ended February
28, 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.

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