Carlisle Goldfields Limited (TSX - CGJ) announces additional financing, TSX listing

    TORONTO, Jan. 31 /CNW/ - Carlisle Goldfields Limited has completed an
additional financing under its Final Prospectus to raise additional gross
proceeds of $456,000 on the sale of 912,000 Units comprised of one common
share and one half of one common share purchase warrant at a price of $0.50
per unit. Each warrant entitles the holder to acquire one common share of
Carlisle at a price of $0.85 on or before June 30, 2008. This is in addition
to the $4,364,828 in financing announced in the Company's Press Release dated
January 9, 2007. This Press release and the Company's Final Prospectus, dated
December 27, 2006 (the "Prospectus") are available at:
    The TSX has granted the Company's application for the original listing,
in the Mining category. A total of 35,599,962 common shares are issued and
outstanding, pursuant to a public offering (the "Offering") which closed on
January 24, 2007. The common shares will be posted for trading at the opening
on Wednesday, January 31, 2007 under the Stock Symbol: CGJ.

    About Carlisle: Carlisle Goldfields Limited is a Canadian based gold
exploration and development company. Carlisle has acquired gold properties in
British Columbia, Manitoba, and Ontario. The initial focus is on the large
land position in the Lynn Lake greenstone belt of Manitoba and particularly on
the former producing MacLellan Mine, where "historic geological reserves" are
presently stated to be on the order of 976,000 tonnes grading 6.51 grams Au
per tonne, with the potential to roughly double these historically reported
resources at a similar grade by further delineation drilling or development to
the 525 mL. Additional details about Carlisle and its projects can be viewed
on the Company's website at

    No stock exchange has approved or disapproved the information contained

    %SEDAR: 00024639E

For further information:

For further information: Stephen G. Mlot, President, Telephone: (416)
368-0028, Fax: (416) 703-3695,

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