WYG International Wayside Gold Mines New Com Npv

International Wayside Gold Mines Ltd. ("Wayside") (TSX
VENTURE:WYG)(FRANKFURT:IWUB) is pleased to announce on June 1, 2009, Cross Lake
Minerals Ltd. ("Cross Lake") completed the closing conditions of the plan of
compromise and arrangement (the "Plan"), including obtaining final BC Supreme
Court approval, thus allowing Wayside to proceed to enter into an agreement
("the Agreement") first announced on February 04, 2009 and updated April 9, 2009
whereby Wayside will purchase the QR Mine and Mill. Completion of the Agreement
is subject to the satisfaction of a number of conditions including, but not
limited to, completion of due diligence and obtaining the necessary shareholder,
regulatory and Court approvals.


The 900 tonne per day QR Mill, which was fully operational until February 2009
(now on care and maintenance), is a CIP mill designed for an output of 70,000
ounces of gold per annum for that location. The mill is located 110 km by road
from Wayside's Cariboo Gold Project and proposed Bonanza Ledge Mine. Following a
positive feasibility study in 1994, Kinross Gold Corp. constructed the QR Mill
with capital costs estimated at over $40 million.


Cross Lake commenced operations at the QR Mine in 2007 after spending over $34
million in the preceding 24 months on project acquisition ($4.3 million),
exploration & development ($20 million) and refurbishing the mill facilities
($10.3 million). Cross Lake expended an additional $3 million on asset
retirement obligations, including having BC Hydro bring three phase power to the
project. It is Wayside's objective to process material from its proposed Bonanza
Ledge Mine (subject to receipt of all necessary permits) at the QR Mill, in
addition to recommencing operations at the QR Mine.


The Company initiated operations in the Cariboo District in 1994 and since that
time has focused on the exploration and development of its gold properties.
Mineral tenures in the Historic Cariboo Goldfields encompass approximately 1,065
square km (106,484 hectares) over a 60 km long by 20 km wide belt. In the
Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded
gold production from the area totals more than 3.8 million ounces, including an
estimated 2.64 million ounces from placer mining and 1.23 million ounces from
lode mining.


ON BEHALF OF THE BOARD OF DIRECTORS

J. Frank Callaghan, President and CEO

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