CARLISLE TO COMMENCE PHASE II DIAMOND DRILLING PROGRAM
AT MACLELLAN GOLD MINE

Toronto, ON, January 22, 2008- Carlisle Goldfields Limited (TSX: CGJ) will shortly commence phase II diamond drilling at its wholly owned MacLellan Gold Project in Lynn Lake Manitoba where a 12,000-metre drill program in 41 holes, was completed in 2007.  Initial plans call for an additional 20- 25 drillholes totaling 7,500 metres.  Drilling is expected to begin within 2 weeks.

The program is intended to continue filling in and expanding the historic resource within the former MacLellan mine framework. Targets have been selected based on a detailed digital model of the mineralization that has been developed for the purpose of a resource estimation, which is ongoing and being conducted concurrent with the drilling program. For commentary on Carlisle's pending resource estimate please refer to our press release of December 4, 2007. The modeling has outlined mineralized zones of higher grade and greater width that can be traced over considerable length, and has greatly increased the understanding and confidence level in the mineralized zones.  Ongoing review of the model has highlighted areas where drilling is lacking or insufficient, and resources could be developed or upgraded by additional drilling information.   

The Toronto Stock Exchange does not accept responsibility for the adequacy or accuracy of this news release.

About Carlisle:

Carlisle Goldfields Limited, a Canadian based Gold Exploration and Development company, is the owner of a 20,000 hectare land position in the Lynn Lake Greenstone Belt of Manitoba where the MacLellan mine produced roughly 144,000 ounces of gold and 432,000 ounces of silver between 1986 and 1989.  The Company is expecting to define resources in the range of 800,000 to 1,200,000 ounces of Gold on its combined Lynn Lake area land holdings. The primary target is the former producing MacLellan Gold Mine where the Company is working towards completion of a feasibility study in 2008 with a production decision to follow and re-commencement of production at the earliest possible date thereafter.

For further Information Please Contact:

Stephen G. Mlot, President
Carl McGill, Director
416 368-0028
416 703-3695 fax
www.carlislegold.com
info@carlislegold.com

Renmark Financial Communications Inc.
Neil Murray-Lyon : nmurraylyon@renmarkfinancial.com 
Jen Power : jpower@renmarkfinancial.com 
Media - Eva Jura : ejura@renmarkfinancial.com 
Tel. : (514) 939-3989
Fax : (514) 939-3717
www.renmarkfinancial.com  

Notes:
This news release contains forward-looking statements, which can be identified by the use of statements that include words such as "could", "potential", "believe", "expect", "anticipate", "intend", "plan", "likely", "will" or other similar words or phrases. These forward-looking statements, including statements regarding the Corporation's beliefs in potential mineralization, are based on current expectations, assumptions and projections about future events and entail various risks and uncertainties that are beyond the Corporation's ability to control or predict. Actual results may materially differ from expectations as more information regarding a property is gathered or if the Corporation's estimates or assumptions prove inaccurate. Factors that may materially affect actual results include, but are not limited to, political, business and economic conditions in jurisdictions where the Corporation conducts business, and RISKS ASSOCIATED WITH MINERAL EXPLORATION AND PRODUCTION. THE CORPORATION DOES NOT INTEND, AND DOES NOT ASSUME ANY OBLIGATIONS, TO UPDATE FORWARD-LOOKING STATEMENTS, WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR OTHERWISE. READERS SHOULD NOT PLACE UNDUE RELIANCE ON FORWARD-LOOKING STATEMENTS.