Carlisle Confirms High Grades at Surface

Toronto, ON - October 23, 2007 - Carlisle Goldfields Limited (TSX: CGJ) has received assay results from surface channel sampling at the MacLellan Mine, Lynn Lake, Manitoba. The Company completed a stripping program over the main MacLellan Zone this fall.  The work program has served to improve the understanding of the mineralization and the extent and controls on it. The results have displayed excellent correlation with past sampling programs and with the near surface drilling, thereby raising the confidence in the interpretation for resource modeling. Carlisle believes that this information will improve the quality in the interpretation of the forthcoming new technical report (43-101).
 
Details of significant assay intervals are as follows:

All Channel samples were saw cut from rock and contain no soil material.  Assaying was performed by TSL Laboratories, Saskatoon, Saskatchewan, "an ISO 9001:2000" accredited laboratory, for analysis. TSL protocols include fire assay for Au and Ag with an ICP finish on a crushed and pulverized sub-sample. The MDL and upper detection limits (UDL) for Au are 5 - 1000 ppb under this protocol, and 0.2 - 50 ppb for Ag. Above the UDL a gravimetric method is used for determination on high concentrations.  Where high gold values are encountered and "nugget effect" is suspected the samples are reprocessed using a "pulp and metallics" procedure.

A quality control program has been implemented to ensure best practices in the sampling and analysis of the drill core. Certified control standards, and coarse field blanks were inserted into the sample stream. A program of analysis of duplicate samples will be undertaken. Mr. Stephen Mlot, P. Eng., the President of Carlisle is the qualified person for the Company.

About Carlisle:

Carlisle Goldfields Limited, a Canadian based Gold Exploration and Development company, focused on its 20,000 hectare land position in the Lynn Lake Greenstone Belt of Manitoba where the Company is expecting to define resources in the range of 800,000 to 1,200,000 ounces of Gold.  The primary target is the former producing MacLellan Gold Mine and the Company is working towards a re-commencement of production at the earliest possible date.

A Resource Estimate is expected to be completed as planned within the next 30 days.  Drilling has confirmed the presence of the MacLellan Mine horizon east, west, and below the mine workings. Additional mineralization has been found to the south of the mined areas.

For further information please contact:
Stephen G. Mlot, President
Carl McGill, Director, Corporate Development
Telephone: (416) 368-0028
Fax: (416) 703-3695
info@carlislegold.com
www.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

Certain statements contained herein constitute "forward looking statements". These "forward looking statements" are based on current expectations. The nature, timing and extent of the exploration programs may materially change from current intentions for a number of reasons. Additionally, "forward looking statements" look into the future and provide an opinion as to the effect of certain events and trends on the business. "Forward looking statements may include words such as 'plans," "intends," "potential," "interpretation," and similar expressions. These "forward looking statements" including statements regarding the Company's beliefs in the potential mineralization, are based on current expectations and entail various risks and uncertainties. Actual results may materially differ from expectations as more information regarding the property is gathered, or if known and unknown risks or uncertainties affect our business, or if our estimates or ass UMPTIONS PROVE INACCURATE. THE COMPANY ASSUMES NO OBLIGATION TO UPDATE OR REVISE ANY "FORWARD LOOKING STATEMENT," WHETHER AS A RESULT OF NEW INFORMATION, FUTURE EVENTS OR ANY OTHER REASON.