Definitive agreement executed for the Big Mac Property, James Bay Lowland



    TORONTO, March 17 /CNW/ - MacDonald Mines Exploration Ltd. (TSX-V : BMK)
("MacDonald Mines") and WSR Gold Inc. (TSX-V:WSR) ("WSR"), announced today
that they have executed the definitive agreement pursuant to their press
release dated February 15, 2008, on the Big Mac Properties ("Properties")
whereby WSR has an option to acquire up to 75% beneficial interest in the
Claims by:

    
    1.  Spending $2.5 million on the property over two years;
    2.  Issuing to MacDonald 5,000,000 common shares of WSR;
    3.  Paying MacDonald $100,000; and
    4.  Issuing MacDonald 1,000,000 share purchase warrants of WSR, each full
        warrant is exercisable into one common shares of WSR within two years
        from the date of the agreement at $0.50 per warrant.
    

    MacDonald Mines shall have a carried interest until WSR delivers a
prefeasibility study to MacDonald Mines on the Big Mac Property. After the
delivery of a pre feasibility study, MacDonald Mines will be required to pay a
pro rata portion of costs related to the property to maintain its
25% interest.
    The definitive agreement is subject to standard conditions including the
approval of the TSX Venture Exchange with respect to each of WSR and MacDonald
Mines.

    About MacDonald Mines

    MacDonald Mines is a TSX-Venture listed, Canadian exploration company
with a deep established history in the exploration of gold and base metals.
MacDonald Mines has set upon a strategic direction of exploration in the
Central Canada Northlands, and currently has a focus in the Sachigo Greenstone
Belt in the James Bay Lowlands. With a sizeable land position of 271 Claim
Blocks (3982 Claim Units), totaling over 63,700 hectares, the Company has
positioned itself as a value play in the Webequie/McFauld's Lake exploration
area.

    About WSR

    WSR is a Canadian based mineral exploration company. WSR can earn a
50% interest in a McFauld's Lake Project pursuant to an option agreement with
Noront Resources Limited (TSX-V: NOT) (see press release dated November
1, 2007). The area will include 15 Claim Blocks, 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. The common shares
of WSR trade on the TSX Venture Exchange under the symbol "WSR". And, WSR has
agreed to acquire a 75% legal and beneficial interest in the Big Mac Property
from MacDonald Mines consisting of 51 Claim Blocks, approximately
27,660 acres.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

    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 unavailability 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.





For further information:

For further information: John Tait, President and Chief Executive
Officer, WSR Gold, (416) 628-5905, jtait@wsrgold.ca; Brent Nykoliation,
Director of Business Development, MacDonald Mines Exploration Ltd., (416)
364-7024, bnykoliation@macdonaldmines.com

Organization Profile

MACDONALD MINES EXPLORATION LTD.

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