WCX

Williams Creek Gold Limited ("Williams Creek," or the "Company") (TSX
VENTURE:WCX) is pleased to announce the release of its audited Financial
Statements and its Management's Discussion and Analysis for the fourth quarter
and year ended January 31, 2013. These financial statements have been prepared
in accordance with the International Financial Reporting Standards (IFRS).


These documents are available on the Company's website (www.williamscreek.ca)
under Company filings and will be available shortly on Sedar (www.Sedar.com). 


For the fiscal year ended January 31, 2013, the Company is reporting a net loss
of $1,184,855 and comprehensive loss of $1,301,279 compared to a net loss of
$811,270 and comprehensive loss of $1,312,046 for the prior year. The Company is
reporting operating expenses of $896,431 and unrealized holding losses of
$256,551 relating to its investments which are carried in its accounts at fair
market value. Operating expenses includes exploration and evaluation
expenditures of $250,776 expensed in the year. Other compressive loss is the
Company's unrealized holding loss of $116,424 related to its long-term
investment.


The Company incurred $854,479 in exploration and evaluation expenditures for the
year and remains focused on completing the evaluation of its British Columbia
properties and fulfilling the terms of its Joint Venture agreement with Tyhee
Gold Corp. to earn a 50% interest in the Big Sky Property. Exploration and
evaluation expenditures include $297,054 incurred on its Big Sky joint venture
for the year. 


As at January 31, 2013, the Company had cash and cash equivalents of $788,630,
investments held for trading of $459,120 as well as long-term investments of
$2,754,113 and current liabilities of $93,844. 


Subsequent to the year end the Company granted options to directors and officers
to purchase up to 600,000 shares of the Company exercisable for a five year
period from February 22, 2013 at $0.16 per share. The options fully vested on
the grant date with a fair value of $88,659. 


"Williams Creek is pleased with the exploration progress made during the year.
The acquisition of its Ahbau Creek and Chubby Bear properties, and strategic
investment in the Big Sky property headline our efforts to position the Company
with quality assets with excellent exploration upside. We will continue to seek
opportunities to strengthen our portfolio of properties while also committing to
the development of our existing assets," stated Chairman and interim CEO James
Wyant. 


HIGHLIGHTS AND DEVELOPMENTS FOR 2013



--  The Company completed its 2011 exploration work on its Barkerville
    Project and incurred a further $125,125 in exploration expenditures on
    the properties during the year.

--  The Company acquired a 100% interest in the Ahbau Creek and Chubby Bear
    properties in the B.C. Central Interior region for $40,000 cash and a
    net smelter return of 2% and staked four new mineral claims units, known
    as the Ahbau Lake Group. The Company incurred $113,187 in exploration
    expenditures on Ahbau Creek and $101,261 on Chubby Bear projects these
    properties during the year. The Company incurred $36,553 in exploration
    expenditures on the Ahbau Lake prospect and management has decided that
    it will not perform further exploration on the prospect.

--  The Company incurred $297,054 during the year on its Big Sky property
    held under a Joint Venture agreement with Tyhee Gold Corp. (Tyhee) to
    earn 50% interest in the property. On September 18, 2012, the Company
    released the first results from its reconnaissance and sampling program
    conducted on the property (News Release WCX12-11). On October 15 2012,
    the Company released its final results from the 2012 program (News
    Release WCX12-13).

--  The Company continued work on its Pine Project and incurred an
    additional $20,602 in exploration expenditure during the period.

--  The Company incurred $147,887 on its BOPS claim in Pershing Nevada,
    U.S.A. The Company has decided not to renew these claims. The cumulative
    expenditures on these claims have been expensed in the current year.

--  The Company is entitled to recover B.C. mining and exploration tax
    credits of $71,731 on the qualified exploration expenditure incurred
    during the year.



Subsequent to the year end the Company granted options to directors and officers
to purchase up to 600,000 shares of the Company exercisable for a five year
period from February 22, 2013 at $0.16 per share. The options fully vested on
the grant date with a fair value of $88,659. 


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. Williams Creek Gold Limited also owns the Ahbau Creek,
Chubby Bear and Ahbau Lake claim groups in Central British Columbia, as well as
the BOPS claims in Nevada. 


Williams Creek Gold is earning a 50% interest through a joint venture with Tyhee
Gold Corp. in the Big Sky Property north of Yellowknife, NWT. 


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, 

James Wyant, Chairman and interim CEO 

Williams Creek Gold Limited 

This news release may contain forward-looking statements including management's
assessments of future plans and operations, and the anticipated timing of
meeting the terms of its joint venture agreement obligations. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ materially from those
anticipated. These risks include, but are not limited to, the risks associated
with the mining and exploration industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures), and the
uncertainty of the availability of capital. The assumptions used in the
preparation of such statements, 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Williams Creek Gold Limited
James Wyant
514.983.6194
www.williamscreek.ca

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