Carlyle Commodities Corp. announced that the Company has commenced its Phase 2 Drilling program at its 100% owned Newton Gold Project near Williams Lake, British Columbia. The Newton Gold Project is a low sulphide epithermal system.

The system remains open in multiple directions, within a highly prospective land package that is workable year-round. The Company's Phase 2 drill program intends to test high priority targets, with an aim to increase the understanding of the Company's current National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") inferred mineral resource calculation for the Newton Gold Project. The focus will test near surface targets including geochemical gold anomalies, open mineralization, and mineralized volcanic and intrusive rocks from historic distal drilling, also with the intention of discovering a new zone of mineralization.

Project Highlights. The Newton Gold Project is an large, bulk tonnage, low - to intermediate-sulphidation, epithermal gold deposit with nearly 35,000 m of drilling exploring and developing the historical resource, primarily between 2009-2012. Updated inferred pit-constrained mineral resource contains 861,400 oz of Au, and 4,678,000 oz of Ag with an average grade of 0.63 g/t Au, a cut off of 0.25 g/t Au throughout 42,396,600 tonnes.

Blackwater has a measured + indicated resource estimated at 11.7 million ounces Au and 122 million ounces of Ag. Blackwater has a measured+ indicated resource estimated at 11. 7 million ounces Au and 122 million ounce of Ag.