International Wayside Gold Mines Ltd.
TSX VENTURE : WYG
FRANKFURT : IWUB

International Wayside Gold Mines Ltd.

September 22, 2009 09:06 ET

International Wayside Gold Mines Ltd.: $767,381.50 Warrants Exercised

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 22, 2009) - International Wayside Gold Mines Ltd. (the "Company") (TSX VENTURE:WYG)(FRANKFURT:IWUB) wishes to report that 1,534,763 warrants have been exercised at $0.50 in two tranches on September 14, 2009 and September 18, 2009 respectively for net proceeds of CAD$767,381.50. These are in addition to the 5,771,407 warrants exercised on August 27, 2009 for proceeds of CAD$2,885,703, and have a combined total of 7,306,170 warrants for proceeds of CAD$3,653,084.50. The funds will be used for working capital and the further development of the Bonanza Ledge Project, in Wells, British Columbia.

The Company has been developing its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The Company commenced operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the Historic Cariboo Goldfields encompass approximately 1,065 square km (106,484 hectares) over a 60 km long by 20 km wide belt. In the Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining.

ON BEHALF OF THE BOARD OF DIRECTORS

J. Frank Callaghan, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • International Wayside Gold Mines Ltd.
    J. Frank Callaghan
    President and CEO
    604-669-6463 or Toll Free: 1-800-663-9688
    604-669-3041 (FAX)
    www.wayside-gold.com