International Wayside Gold Mines Ltd.

International Wayside Gold Mines Ltd.

January 20, 2010 10:27 ET

International Wayside Gold Mines to Change Name to Barkerville Gold Mines Ltd.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2010) - International Wayside Gold Mines Ltd. ("Wayside", the "Company") (TSX VENTURE:WYG)(FRANKFURT:IWUB) announced today that effective Thursday, January 21, 2010, the Company will change its name to Barkerville Gold Mines Ltd. The Company's shares will trade under the stock symbol "BGM" on the TSX Venture Exchange.

J. Frank Callaghan, President and CEO, states, "The new name is reflective of the rich history of gold production in the area and the evolution of the Company as it moves towards production. The Company is entering a new era and the Board of Directors felt that a new name would better represent the Company."

Barkerville Gold Mines Ltd. is the result of the amalgamation of the assets of four public companies, including the recently announced agreement to purchase the QR Mine and Mill. As announced on January 11, 2010, a Permit to Mine has been granted for the West Zone at the QR Mine, with mining operations scheduled to commence in February of 2010, upon closing of the acquisition.

About International Wayside Gold Mines

The Company has been developing its Cariboo Gold Project near 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 has focused on the exploration and development of its gold properties. The Company's mineral tenure in the historic Barkerville Gold Camp encompasses approximately 1,065 square km (106,484 hectares) over a 60km by 20km wide belt, where 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 December 16, 2009, the Company entered into an agreement by which it will acquire the QR Mine and Mill, 110km by road from its proposed Bonanza Ledge open pit gold mine.

On Behalf of the Board of Directors

J. Frank Callaghan, President

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.
    Andrew H. Rees
    604 669-6463 or Toll Free: 1-800 663-9688
    604 669-3041 (FAX)