WSR Gold Inc.
TSX VENTURE : WSR

WSR Gold Inc.

December 13, 2007 17:39 ET

WSR Gold Inc. Closes Private Placement Financing to Raise $3,418,500

TORONTO, ONTARIO--(Marketwire - Dec. 13, 2007) -

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WSR Gold Inc. (TSX VENTURE:WSR) ("WSR") announces today that it has closed its previously announced non-brokered offering to raise gross proceeds of $3,418,500. Pursuant to the offering, WSR issued an aggregate of (i) 5,925,000 flow-through units ("FT Units") at $0.35 per FT Unit, each such FT Unit consisting of one "flow-through" common share of WSR and one-half of one share purchase warrant; and (ii) 4,075,000 hard dollar units ("Units") at $0.33 per Unit, each such Unit consisting of one common share of WSR and one share purchase warrant, each whole such share purchase warrant entitles the holder thereof to acquire one additional common share of WSR (which shall not be a "flow-through" share) for a period of 12 months at an exercise price of $0.45 per share. All securities issued in connection with the offering are subject to a statutory hold period expiring on April 14, 2008.

The private placement remains subject to the final approval of the TSX Venture Exchange.

Forward Looking Statements - Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of WSR, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of resource and reserve estimates, currency fluctuations, dependence upon regulatory approvals, the availability of future financing and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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