SOURCE: Willow Creek Enterprises, Inc.

January 31, 2011 17:00 ET

Willow Creek Signs LOI to Lease Gold Property in Nevada

LAS VEGAS, NV--(Marketwire - January 31, 2011) - Willow Creek Enterprises Inc. (OTCBB: WLOCD) ("The Company" or "Willow Creek") is pleased to announce that it has signed a Letter Of Intent to lease the Gilman Gold Property (the "Gilman Property") from MinQuest Inc. The Gilman Property is located in the southern Lander County area of central Nevada, USA. 

"We are aggressively seeking every opportunity that will help us to realize our goal of becoming a producing resource company. Previous surface sampling has indicated positive results. We believe that we are located in a prime area for discovery. We believe that we are in the right place, at the right time, and with the right team," stated Terry Fields, President of Willow Creek.

The Gilman Property lies east of a major structure that separates the Sierra Nevada batholith to the west from the Basin and Range province. The prominent Walker Lane Belt, a zone of parallel and sub-parallel right lateral strike slip faults, lies along this structural break. The primary focus of possible exploration activities at the Gilman Property should be for structurally hosted high grade gold mineralization. This style of mineralization is well documented in the literature.

Additional information will be provided after the signing of the definitive agreement between the parties, provided such signing occurs. The proposed transaction remains subject to, among other things, Willow Creek and MinQuest entering into a formal agreement, completion of satisfactory due diligence by Willow Creek, and receipt of all requisite regulatory and other approvals. There can be no assurance that the conditions will be met or that the transaction will be completed as proposed or at all.

About MinQuest Inc
MinQuest Inc is a privately held natural resource company that acquires, maintains and evaluates mineral properties. The company has emphasized precious and base metal properties containing a resource or strong indicators of potential resources. MinQuest currently controls 35 properties, mainly in Nevada and Arizona.

"Willow Creek is very encouraged by the relationship that has evolved with MinQuest Inc. The Company feels that MinQuest has become a vital partner in realizing its goal of becoming a leading gold and base metal exploration and production company," stated Terry Fields, President, Willow Creek 

About Willow Creek Enterprises Inc.
Willow Creek is a gold, silver and base metal exploration company with the purpose of evaluating, developing and acquiring gold projects of merit with a focus on the United States, Canada and Mexico. At present, Willow Creek is focused on the exploration and development of its Hercules and Dolly Varden Projects, both in Nevada, USA. Willow Creek has also compiled a management team that has the knowledge, experience and motivation to find quality properties at different stages of development in order to fulfill their corporate mission.

Please visit the Willow Creek website www.willowcreekenterprisesinc.com for any further information

THIS NEWS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS NEWS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS NEWS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS "ESTIMATE," "ANTICIPATE," "BELIEVE," "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. RISKS AND UNCERTAINTIES FOR THE COMPANY INCLUDE, BUT ARE NOT LIMITED TO, THE RISKS ASSOCIATED WITH NATURAL RESOURCE EXPLORATION AND DEVELOPMENT AND NEEDS FOR FUNDING AS WELL AS THE RISKS SHOWN IN THE COMPANY'S MOST RECENT ANNUAL REPORT ON FORM 10-K AND ON FORM 10-Q AND FROM TIME-TO-TIME IN OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY. OTHER RISKS INCLUDE RISKS ASSOCIATED WITH THE REGULATORY APPROVAL PROCESS, COMPETITIVE COMPANIES, FUTURE CAPITAL REQUIREMENTS AND THE COMPANY'S ABILITY AND LEVEL OF SUPPORT FOR ITS EXPLORATION AND DEVELOPMENT ACTIVITIES. THERE CAN BE NO ASSURANCE THAT THE COMPANY'S DEVELOPMENT EFFORTS WILL SUCCEED AND THE COMPANY WILL ULTIMATELY ACHIEVE COMMERCIAL SUCCESS. THESE FORWARD-LOOKING STATEMENTS ARE MADE AS OF THE DATE OF THIS NEWS RELEASE, AND THE COMPANY ASSUMES NO OBLIGATION TO UPDATE THE FORWARD-LOOKING STATEMENTS, OR TO UPDATE THE REASONS WHY ACTUAL RESULTS COULD DIFFER FROM THOSE PROJECTED IN THE FORWARD-LOOKING STATEMENTS. ALTHOUGH THE COMPANY BELIEVES THAT THE BELIEFS, PLANS, EXPECTATIONS AND INTENTIONS CONTAINED IN THIS NEWS RELEASE ARE REASONABLE, THERE CAN BE NO ASSURANCE THOSE BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS WILL PROVE TO BE ACCURATE. INVESTORS SHOULD CONSIDER ALL OF THE INFORMATION SET FORTH HEREIN AND SHOULD ALSO REFER TO THE RISK FACTORS DISCLOSED IN THE COMPANY'S PERIODIC REPORTS FILED FROM TIME-TO-TIME WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION.

THIS NEWS RELEASE HAS BEEN PREPARED BY MANAGEMENT OF THE COMPANY WHO TAKES FULL RESPONSIBILITY FOR ITS CONTENTS. FINRA, THE SEC AND THE OTCBB NEITHER APPROVES NOR DISAPPROVES THE CONTENTS OF THIS NEWS RELEASE. THIS NEWS RELEASE SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

Contact Information

  • Terry Fields
    President
    Corporate contact:
    1-310-961-4927