Duncan Park Announces Update to Proposed Private Placement

TORONTO, ONTARIO, Apr 22 (MARKET WIRE) --
Duncan Park Holdings Corporation (TSX VENTURE: DPH.H) announced today
that, pursuant to its previously announced private placement, it now
intends to raise up to $200,000 (vs. up to $350,000) by way of a
non-brokered private placement of up to 4,000,000
"flow-through" common shares at a price of $0.05 per share, in
accordance with NEX policy, which sets certain limits on the amount of
capital that can be raised in a 12-month period. Duncan Park previously
raised $300,000 in November 2009.

Proceeds from the proposed best efforts private placement will be used to
finance exploration of the Dome property in Ontario's Red Lake Gold
District. As previously announced, Duncan Park has entered into an option
agreement with Sphere Resources Inc. to earn a 75% interest in the
property. (Please see Duncan Park press release dated March 9, 2010.)

The Company may undertake a further flow-through financing at a future
date to advance the Red Lake Project.

Completion of the private placement remains subject to, among other
things, satisfaction of the outstanding conditions with respect to the
Dome property option agreement and receipt of all requisite regulatory
and other approvals.

Insiders of the Company may participate for up to approximately 35% of
the private placement.

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 proposed private placement, possible future
financing plans and the option arrangement with respect to the Dome
property. 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 placement financings, such as market
conditions and regulatory approvals, obtaining necessary financing and
requisite regulatory and other approvals, risks related to option and
joint venture arrangements, such as receipt of all requisite regulatory
and other approvals, completion of satisfactory due diligence, receipt of
a satisfactory National Instrument 43-101 report as may be required, as
well as risks associated with the exploration, development and mining
industry such as economic factors, future commodity prices, market
conditions, changes 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, including the risks of diminishing quantities of grades of
reserves, 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, 2009, 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.

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.

Contacts:
Duncan Park Holdings Corporation
Ian McAvity
Acting President & CEO
416-203-0860

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