WSR Gold Inc.
TSX VENTURE : WSR

WSR Gold Inc.

June 16, 2008 12:47 ET

WSR-Metalex-Arctic Star Joint Venture Announces a Correction on the Hole 5.01-09 Co-Ordinates in Press Release Dated June 16, 2008

TORONTO, ONTARIO--(Marketwire - June 16, 2008) - WSR Gold Inc. (TSX VENTURE:WSR), Metalex Ventures Ltd. (TSX VENTURE:MTX) ("Metalex"), and Arctic Star Diamond Corp.'s (TSX VENTURE:ADD) ("Arctic Star") announce that there was an error in their press release dated June 16, 2008. The co-ordinates of Hole 5.01 -09 were misstated at 1+50E, 0+00N. The actual co-ordinates of the hole are 1+50E, 1+00N. This is a significant step out from the previously released Hole 5.01 -06 (see press release dated June 4, 2008) showing growth and continuity over a 50 meter step out to the north of hole 5.01 -06.



The table should have read as follows:

---------------------------------------------------------------------------
Location Hole Mineralization
-------------------------------------------------------------- Visual
Hole No E.ing N.ing Dip Az EoH From To Width Description
-------------------------------------------------------------- of Minerali-
meters meters meters zation
---------------------------------------------------------------------------
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Minor iron,
copper
5.01-09 1+50E 1+00N -60 180 249.7 42.0 103.5 61.5 sulphides
---------------------------------------------------------------------------
Semi-
massive,
iron,
copper,
zinc
103.5 154.0 50.5 sulphides
---------------------------------------------------------------------------
Iron,
copper,
zinc
154.0 183.8 29.8 sulphides
---------------------------------------------------------------------------
Semi-
massive
iron,
copper,
zinc
183.8 201.2 17.4 sulphides
---------------------------------------------------------------------------
Near-
massive
iron,
copper
201.2 235.4 34.2 sulphides
---------------------------------------------------------------------------


The anomaly 5.01 Project is managed and operated by Metalex for the Joint Venture partners under supervision of Dr. Charles Fipke, Chairman of Metalex. Dr. Fipke and John Harvey, P.Eng, a consulting geologist for WSR, prepared this release.

John Archibald, P.Eng. and a Qualified Person, has reviewed the drill core and confirms the visual descriptions described herein. Assay results are pending for all holes completed to date.

About WSR

WSR is a Canadian based mineral exploration company with extensive property holdings strategically located on and around the nickel/copper "Ring of Fire" in northern Ontario near James Bay.

WSR has entered into an agreement with Metalex Arctic Star whereby WSR has the right to fund a maximum of $20.0 million in expenditures on the James Bay Properties Property over a 4 year period to earn a maximum 50% interest. The James Bay Properties comprise approximately 214.4 square kilometers (52,980 acres) (see press release dated March 26, 2008).

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press release dated November 1, 2007). The area will include 15 Claim Blocks, approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario near Noront's prolific nickel copper and platinum group metals discovery.

WSR has agreed to acquire a 75% interest in the Big Mac Property from MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 Claim Blocks, approximately 27,660 acres (see press release dated February 15, 2008).

WSR and Noront have agreed to earn a 35% interest each in the Luc Bourdon Prospect from Golden Valley Mines Ltd. (TSX VENTURE:GZZ) consisting of approximately 9,000 hectares (see press release dated June 6, 2008). The Luc Bourdon Prospect surrounds the recently announced Volcanic Derived Sulphide (VDS) Mineralization by Metalex and WSR to the north, east and south.

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 unavailability 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.

Shares Outstanding: 112,085,708

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

Contact Information