WCX

Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek", "WCX", or the
"Company") is pleased to announce the release of its unaudited Financial
Statements as well as its Management's Discussion and Analysis for the three and
nine months ending October 31, 2011. These financial statements have been
prepared in accordance with the International Financial Reporting Standards
(IFRS).


For the three and nine months ending October 31, 2011, the Company is reporting
a net loss and comprehensive loss of $1,272,384 and $1,425,009 respectively. For
the three months ending October 31, 2011, the Company recognized a loss of
$36,040 on held for trading investments resulting in a year to date net gain of
$8,137.


Other highlights include:



--  The Company continued and increased its exploration work on its mineral
    properties with an emphasis on the Barkerville Prospect., and incurred
    $590,562 in exploration expenditures during the quarter. 
--  The Company incurred $12,188 (to date $46,020) in property evaluation
    costs in areas of interest to the Company.



The unaudited Financial Statements and Management's Discussion and Analysis are
available on the Company's website (www.williamscreek.ca) under "Company
Filings" and will be available shortly on Sedar (www.sedar.com). 


On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

About Williams Creek Gold Limited (WCX)

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Gold Limited. 

Williams Creek Gold Limited is a Canadian company with the primary purpose of
participating broadly in the natural resource sector, with an emphasis on the
gold subsector, through exploration, joint ventures or other equity investments,
royalty and finance agreements. 


Williams Creek Gold Limited owns twenty-eight Crown Granted mineral claims known
as the Barkerville Project in the immediate vicinity of Barkerville, BC in the
Cariboo mining division. The Cariboo gold belt and the Barkerville Camp have a
long history of gold production dating back to the 1800s. Historically the
Barkerville Camp has reported gold production of 3.8 million ounces, including
2.6 million ounces from surface placer and 1.2 million ounces from lode mining.
When placer gold production peaked in the late 1890s, Williams Creek Gold's
Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District
Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among
the first acquired in the early search for lode gold. 


Williams Creek Gold Limited also owns a block of four mineral claims 17km west
of Barkerville known as the Pine Properties. The Company has three Crown Granted
mineral claims in the Kamloops Mining Division, two of which are adjacent to New
Gold's New Afton project. Additionally, Williams Creek Gold Limited has a net
30% interest in the ATW diamond property in the MacKenzie Mining District of the
Northwest Territories. Williams Creek also holds the BOPS Project consisting of
32 unpatented lode mining claims in Pershing County, Nevada.


This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events and conditions and
therefore involve inherent risks and uncertainties. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein. Except as
required by applicable law, the Company does not intend to update any of the
forward-looking statements to conform these statements to actual results. All
phases of the Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance that the Company
will obtain all the requisite permits for future development. Mining is an
inherently risky business with large capital expenditures and cyclical metals
markets.

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