WSR Gold Inc. Announces $8 Million Guaranteed Private Placement Financing

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

WSR Gold Inc. (TSX VENTURE:WSR) ("WSR") is pleased to announce that it has
entered into an agreement to raise gross proceeds of $8,000,000 by way of a
brokered private placement of units ("Units") and flow-through units ("FT
Units") of WSR on a guaranteed basis. Each Unit will be issued at a price of
$0.50 per Unit, and shall consist of one common share of WSR and one-half of one
common share purchase warrant (each whole such warrant, a "Warrant"). Each FT
Unit will be issued at a price of $0.60 per FT Unit, and shall consist of one
"flow-through" common share of WSR and one-half of one Warrant. Each whole
Warrant shall entitle the holder thereof to acquire one additional common share
of WSR at an exercise price of $0.65 per share for a period of 12 months from
the date of issuance thereof.


Primary Capital Inc. and PowerOne Capital Markets Ltd. have agreed to act as
agents in connection with the offering, pursuant to which they will receive an
aggregate cash commission of 6.5% of the gross proceeds raised in the offering,
as well as such number of compensation warrants ("Compensation Warrants") as is
equal to 6.5% of the total number of Units and FT Units sold in the offering.
Each Compensation Warrant shall be exercisable to acquire one Unit at an
exercise price of $0.50 for a period of one year following the date of issuance
thereof.


The private placement remains subject to completion of definitive documentation
and the approval of the TSX Venture Exchange.


About WSR

WSR is a Canadian based mineral exploration company with extensive property
holdings strategically located on and around the nickel/copper "Ring of Fire" in
northern Ontario near James Bay.


WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option
agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press release dated
November 1, 2007). The area covers 15 claim blocks comprising approximately
4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario, near
Noront's prolific nickel, copper and platinum group metals discovery.


WSR has the right to acquire a 75% interest in the Big Mac property from
MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 claim blocks
comprising approximately 27,660 acres (see press release dated February 15,
2008).


WSR has also entered into an agreement with Metalex Ventures Ltd. (TSX
VENTURE:MTX) and Arctic Star Diamond Corp. where by WSR has the right to fund up
to $20,000,000 in exploration expenditures on James Bay Lowlands Properties over
a 4 year period to earn a maximum 50% interest in such properties, subject to
the approval of the TSX Venture Exchange. The James Bay Lowlands Properties
comprise approximately 214.4 square kilometers (52,980 acres) (see press release
dated March 26, 2008).


The common shares of WSR trade on the TSX Venture Exchange under the symbol "WSR".

Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
WSR, including, but not limited to the impact of general economic conditions,
industry conditions, volatility of commodity prices, risks associated with the
uncertainty of resource and reserve estimates, currency fluctuations, dependence
upon regulatory approvals, the availability of future financing and exploration
risk. Readers are cautioned that the assumptions used in the preparation of such
information, 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.


Shares Outstanding: 94,062,652

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