WYG International Wayside Gold Mines New Com Npv

International Wayside Gold Mines Ltd. (TSX VENTURE:WYG)(FRANKFURT:IWUB)
("Wayside") is pleased to announce it has filed a National Instrument NI 43-101
Technical Report ("the Report") prepared by Jarrod Brown, M. Sc., P. Geo. and
Jim Yin, Ph.D., P.Geo., on Wayside's 276.7 sq. km land package recently acquired
from Golden Cariboo Resources, at the Cariboo Gold Project near Wells, British
Columbia. The full report is available for download on the company's website at
www.wayside-gold.com.


The 2000-2008 exploration programs discussed in the Report confirmed the wide
spread presence of quartz vein and pyrite replacement styles of gold
mineralization on the land package. The numerous anomalies and occasional high
grade values encountered in the exploration programs verify the conviction that
the land package has potential to host well-mineralized gold ore bodies,
possibly of economic grade.


The Report recommends a 2009 exploration program on G Property consisting of
1,829 meters (6,000 feet) of diamond drilling with a proposed budget of
$420,250.00. A two phase exploration program in 2009 is recommended for the
Warspite Property on Mt. Proserpine. Phase I consists of a SP survey within the
previously selected prospect area in 2006. Phase II consists of trenching and
1,524 meters (5,000 feet) of diamond drilling to test the SP anomalies of Phase
I. The total budget for the 2009 exploration programs on the Warspite Property
is $373,500.00. The grand total proposed budget for the 2009 exploration
programs on both G and Warspite Properties on the land package is $793,750.00.


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.


Wayside is in the process of acquiring the QR Mine and 900 tonne per day QR
Mill, which was fully operational until February 2009 (now on care and
maintenance). The QR Mill is a CIP mill designed for an output of 70,000 ounces
of gold per annum for that location. The mill is 110 km by road from Wayside's
Cariboo Gold Project and proposed Bonanza Ledge Mine.


The technical information in this News Release has been reviewed and approved by
chief geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National
Instrument 43-101.


ON BEHALF OF THE BOARD OF DIRECTORS

J. Frank Callaghan, President and CEO

International Wayside Gold Mines New Com Npv (TSXV:WYG)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024

International Wayside Gold Mines New Com Npv (TSXV:WYG)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024