WCX

Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek", "the Company"
or "WCX") is pleased to announce that it has entered into an arms length
agreement to acquire a 100% interest from New Gold Inc. in two large exploration
claim groups known as Ahbau Creek and Chubby Bear. The properties are located in
the Cariboo and Omineca Mining Divisions in Central British Columbia. In
addition, four mineral units known as the Ahbau Lake group, totaling 1,662
hectares, were recently staked by Williams Creek west of Ahbau Lake. 


Williams Creek acquired a 100% interest in the Ahbau Creek and Chubby Bear
properties by making a one-time cash payment to New Gold Inc., who will retain a
2% Net Smelter Royalty (NSR). Williams Creek retains the option to purchase 1%
of the NSR for $1 million. A transaction reflecting these terms closed on March
6, 2012.


The Ahbau group consists of 13 units totaling 6,218 hectares located
approximately 25 kilometers Northeast of Quesnel, straddling the Cariboo and
Omineca regions. The Chubby Bear group consists of seven units totaling 4,949
hectares, located approximately 40 kilometers East of Quesnel, in the Cariboo
region. Both properties cover portions of the Spanish and Eureka thrust fault
systems, which have long been recognized for their exploration potential as well
as for historic placer gold production. Both of the claim groups were part of
the portfolio of mineral properties New Gold received with the acquisition of
Richfield Ventures Corp.


During extensive prospecting conducted by Richfield Ventures, two geological
target zones with elevated Platinum Group Element (PGE) values were discovered
within sections of the Quesnel Trough. These areas have never been tested. Both
are in close proximity to the Spanish and Eureka thrust systems, which are
recognized as major continental breaks. A third area of interest in the
west-central portion of the Ahbau property has been referred to historically as
the "discovery zone". 


The first geologic target, on the Chubby Bear property, has kaolinitic and
possible albite hydrothermal alteration in an aplitic dyke. The relationship of
this alteration to the Spanish thrust trend warrants follow up.


The second geologic target occurs in the slope above the southwest shore of
Ahbau Lake, where a "large" rusty gossan (extent unknown) exists within close
proximity to the projection of the Spanish Thrust. This area was identified as
part of the previous work by Richfield Ventures and was recently re-staked by
Williams Creek. Gossans can traditionally herald significant zones of
mineralization and the nature of this occurrence within the Quesnel Trough
merits serious investigation.


Both geologic targets are unusual for the Quesnel Terrane, and therefore, with
no apparent model for PGE values reported in the area, they are considered to be
high priority exploration targets.


Gold mineralization on the Ahbau Creek property was defined for more than a
kilometer extending from the "discovery zone" northwestward along a shear zone.
This has been the site of exploration and drilling by several companies over a
period of more than 40 years. A non NI43-101 compliant "drill indicated"
potential of 45,355 tons at a grade of 10.2 g/t gold was published for this area
in 1988. 


Williams Creek Chairman and CEO, Michael Sonnenreich, stated, "We believe these
acquisitions add to our portfolio of interesting exploration properties in the
Quesnel and Barkerville areas. We intend to move forward with exploration
activities this summer." Williams Creek will undertake soil sampling programs
early this summer to follow up on these anomalies. 


The technical information contained in this news release was prepared by John F.
Childs, PhD, of Childs Geoscience Inc., Consulting Economic Geologists of
Bozeman, Montana and Robert E. Reid, P.Geo., who are both "Qualified Persons" as
defined under National Instrument 43-101. Reid conducted the original
prospecting programs in 2000 and 2001 for Richfield Ventures Corp.


About Williams Creek Gold Limited (WCX)

Visit 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 28 Crown Granted mineral claims in the
immediate vicinity of Barkerville, BC in the Cariboo Mining Division of Central
British Columbia. 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 Mine 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.


On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

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