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Carlisle Goldfields Announces Proposed Non-Brokered Private Placement of Flow-Through Units
Published : December 29, 2011
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TORONTO, ONTARIO--(Marketwire - Dec. 29, 2011) - Carlisle Goldfields Limited (News - Market indicators) ("Carlisle" or the "Company") announces a proposed non-brokered private placement (the "Offering") of up to 5,000,000 flow-though units (each, a "FT Unit") at a price of $0.20 per FT Unit for gross proceeds of up to $1,000,000, or such other number of units or amount of gross proceeds as the Company may determine.

Pursuant to the Offering, the Company proposes to issue up to 5,000,000 FT Units at a price of $0.20 per FT Unit for gross proceeds of $1,000,000, with each FT Unit comprised of one flow-through share (each, a "Flow-Through Share") and one half of a flow-through warrant (each whole warrant, a "Warrant"), with each whole Warrant entitling the holder to purchase one additional non-flow-through common share of the Company (each, a "Common Share") for $0.27 within eighteen (18) months from the closing date.

The Flow-Through-Shares, Warrants and Common Shares issuable upon the exercise of the Warrants will be subject to a standard regulatory "hold period" of four (4) months from the closing date of the Offering.

The Offering is subject to all necessary regulatory approvals, including the final acceptance of the Toronto Stock Exchange ("TSX").

The gross proceeds to Carlisle from the sale of the FT Units will be used for exploration work on Carlisle's properties in Canada.

Prior to the closing of this Offering, Carlisle has a total of 147,342,847 common shares issued and outstanding.

About Carlisle: Carlisle Goldfields Limited is a Canadian-based gold exploration and development company, focused on development of its wholly owned mining leases and claims in the Lynn Lake Greenstone Belt of Northern Manitoba, covering approximately 20,000 hectares which include the former MacLellan Gold mine and two other former producing gold mines as well as numerous other historically identified Gold Zones all within close proximity to the town of Lynn Lake.

In mid-2010 (see News Release dated July 26, 2010), Carlisle announced a NI 43-101 compliant Resource Estimate on the MacLellan Gold Property in Lynn Lake, Manitoba, which included Total Open Pit and Underground Resources having increased to 5.3 million tonnes containing 658,200 ounces of AuEq (Gold Equivalent) at an average grade of 3.85 g/t AuEq (3.59 g/t Au (gold) and 19.3 g/t Ag (silver)) in the Measured and Indicated categories and 4.4 million tonnes containing 506,200 ounces of AuEq at an average grade of 3.56 g/t AuEq (2.9 g/t Au (gold) and 42.4 g/t Ag (silver)) in the Inferred category. The current Measured and Indicated Category represents 55% of the total resource tonnage.

This press release does not constitute an offer to sell or solicitation of an offer to buy the securities in any jurisdiction. The Flow-Through Shares, Common Shares and other securities of the Company have not been and will not be registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent an applicable exemption from the registration requirements.

Except for statements of historical fact contained herein, the information in this press release may constitute "forward-looking information" within the meaning of Canadian securities law. Other than statements of historical fact, all statements are "Forward-Looking Statements", including statements regarding the use of the proceeds from the Offering, that involve various known and unknown risks and uncertainties and other factors, such as the risk that the Offering may not close and the proceeds therefrom may not be made available to Carlisle. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". Except as otherwise required by applicable securities statutes or regulation, Carlisle expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

Neither IIROC nor the TSX accepts responsibility for the adequacy or accuracy of this release.

Carlisle Goldfields Limited
Bruce Reid
President and Chief Executive Officer
647-500-4495
br@carlislegold.com
or
Carlisle Goldfields Limited
Carl McGill
Vice President, Corporate Development
416-278-8406
cmcgill@carlislegold.com
or
Carlisle Goldfields Limited
2702 - 401 BAY STREET
TORONTO, ONTARIO, CANADA
info@carlislegold.com
www.carlislegold.com
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Carlisle Goldfields Limited

CODE : CGJ.TO
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In the News and Medias of Carlisle Goldfields Limited
7/5/2013Carlisle Receives Notice From Ryan Gold Re The Exercise Of I...
Annual reports of Carlisle Goldfields Limited
Annual Report 2007
Financings of Carlisle Goldfields Limited
11/23/2012Closes Private Placement of Units for Gross Proceeds of $3,1...
7/18/2012Closes Private Placements of Flow-Through Units and Units fo...
12/29/2011Announces Proposed Non-Brokered Private Placement of Flow-Th...
8/6/2008Flow-Through Audit and Management Changes
Option Grants of Carlisle Goldfields Limited
10/21/2011Grants Options to Recently Appointed CFO and Controller
Nominations of Carlisle Goldfields Limited
12/23/2013Announces Election of Abraham Drost and Nick Tintor to the B...
2/27/2012Announces the Appointment of New Director
11/22/2011Strengthens Management Team and Appoints Geological Advisory...
Project news of Carlisle Goldfields Limited
9/27/2011(Mclellan)Exploration of MacLellan Deposit and Surrounding Area Contin...
8/4/2011Initiates Preliminary Economic Assessment
8/14/2008(Lynn Lake Gabbros)Drilling at the Maclellan Gold Mine Continues to Intersect M...
6/18/2008(Lynn Lake Gabbros)Drilling at Maclellan Gold Mine Continues to Intersect Multi...
5/15/2008(Lynn Lake Gabbros)Update on 2008 Drilling at MacLellan Gold Mine, Lynn Lake
3/18/2008(Lynn Lake Gabbros)Carlisle Adds Second Drill to MacLellan Program
1/22/2008(Lynn Lake Gabbros) to Commence Phase II Diamond Drilling Program at MacLellan ...
10/23/2007Confirms High Grades at Surface
Corporate news of Carlisle Goldfields Limited
11/13/2013Canadian Orebodies Announces Option Agreement with Carlisle ...
5/14/2013Announces Successful Exploration Program that Delineates Mea...
5/6/2013Announces Initial Gold Resource Estimate for Farley Lake Min...
3/27/2013Announces Positive Drilling Results from its Farley Lake Min...
3/19/2013Announces Positive Drilling Results from its Farley Lake Min...
3/7/2013Announces Extension of Option Agreement on Last Hope and Ini...
2/12/2013Announces Completion of Option by Ryan Gold for Minority Int...
1/15/2013Announces Initial Linkwood Inferred Resource Estimate of 783...
1/15/2013Announces Initial Linkwood Inferred Resource Estimate of 783...
1/15/2013Announces Initial Linkwood Inferred Resource Estimate of 783...
11/14/2012on 2012 Drilling Programs on its Lynn Lake Camp Properties
11/1/2012Ryan Gold Corp. and Carlisle Goldfields Limited Announce Clo...
10/26/2012Ryan Gold Corp. and Carlisle Goldfields Limited Announce Exe...
10/18/2012Announces Option Extension on its Last Hope Property
10/3/2012Announces Positive Drilling Results from Its Farley Lake Min...
9/24/2012Announces Initial Burnt Timber Inferred Resource Estimate of...
9/19/2012Announces Positive Drilling Results from its New Linkwood Pr...
9/12/2012Announces Positive Drilling Results from Its Last Hope Proje...
7/9/2012Announces Initial Results from Its Last Hope Drill Program
6/26/2012s 2012 Drilling Programs on its Lynn Lake Properties
4/2/2012Joins OTCQX
3/19/2012Commissions Tetra Tech to Carry Out Preliminary Feasibility ...
3/13/2012Updated Resource on the MacLellan Mine Project Triples Measu...
2/17/2012Exploration of MacLellan Mine Project Continues to Deliver P...
12/19/2011Reports Positive Metallurgical, Environmental, and Grindabil...
12/6/2011Signs Memorandum of Understanding with Marcel Colomb First N...
7/27/2011Continues to Expand MacLellan Main Zone Mineralization with ...
7/12/2011Grants Options to New Director and Announces Appointment of ...
6/30/2011Shares Commence Trading on the Toronto Stock Exchange
7/2/2008Management Changes at Carlisle
6/25/2008President & CEO Interview
4/29/2008MacLellan Zone Continues to Reward at Depth
1/23/2008President & CEO Interview
12/4/2007Optimistic About Resource Estimate
10/3/2007Comments on Recent Trading Activity
9/5/2007Additional Mineralization Grade at MacLellan Mine
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TORONTO (CGJ.TO)OTHER OTC (CRSEF)
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