Gold intersected on the Wescan Goldfields Inc. - Alto Ventures Ltd. Mud Lake Project, Beardmore-Geraldton Gold Belt



    Stock Symbol: WGF: TSX-V

    SASKATOON, SK, Jan. 30 /CNW/ - Wescan Goldfields Inc. (Wescan) (WGF:
TSX-V) is pleased to announce results from nine of a total of eighteen diamond
drill holes (MUD07-13 to 21) completed in December 2007 and January 2008 on
the Wescan - Alto Ventures Ltd. (Alto) (ATV: TSX-V) Mud Lake Project located
in the Beardmore-Geraldton Gold Belt.  The Mud Lake Project shares a common
boundary with the Hercules Property, located to the north of Mud Lake, where
Kodiak Exploration Ltd. continues to report significant gold mineralization
from its drilling (see Kodiak news release dated January 14, 2008).  To the
south and southwest of Mud Lake, Ontex Resources Ltd. is exploring the
Brookbank Gold Deposit which is reported to contain 629,900 ounces of gold
(see Ontex news release dated November 15, 2007).
    The December 2007 drilling continued to test targets along the Mud Lake
Shear Zone ("MLS"), where previous work identified twelve surface gold
occurrences along a six kilometer (km) segment of the MLS (see Wescan news
releases dated November 22, 2007).  The holes reported here tested one km of
the MLS near the northeast end, drilling three of the occurrences (Showing
No.3, No.4, and No.5) not drilled previously.
    Significant amounts of gold, up to 6.34 grams per ton (g/t) across
0.5 meters (m), were intersected in four of the nine holes.  Shearing and
quartz veining were also intersected in the other holes although the gold
values were lower.

    
    Table of Significant Assay Results from the December, 2007 Mud Lake
Drilling Program

    -------------------------------------------------------------------------
      Hole      From (m)    To (m)   Width (m)   Au (g/t)           Zone
    -------------------------------------------------------------------------
    MUD07-14     19.0        21.0       2.0        2.12         Showing No.3
    -------------------------------------------------------------------------
    MUD07-16     21.1        21.6       0.5        6.34         Showing No.4
    -------------------------------------------------------------------------
    MUD07-17     23.7        24.7       1.0        3.77         Showing No.4
    -------------------------------------------------------------------------
    MUD07-19     61.3        62.3       1.0        1.44         Showing No.5
    -------------------------------------------------------------------------
    

    Intersecting gold in shear hosted quartz veins under these surface
showings is encouraging as it corroborates the strength of the gold system
along the MLS.  The drill holes completed in March and December of 2007 have
tested the MLS intermittently for almost five km's along strike and confirmed
that the mineralization exposed in the surface trenches does have depth
continuity.
    An additional nine holes were drilled in January 2008, and samples from
these were delivered to the laboratory on January 25, 2008.  These holes
follow up mineralization discovered during Alto's program in March 2007, where
gold values of up to 13.9 g/t gold across 1.0 m were intersected within a
wider zone that assays 3.39 g/t across 6.1 m (see Alto news releases dated
March 6 and March 20, 2007).  Results for these holes will be released when
they become available.
    Mike Koziol, P. Geo., P.Eng. and Alto's President and CEO is the
Qualified Person who has reviewed and approved this news release.
    Core processing included descriptive logging and selection of samples for
analyses. The NQ-size cores selected for analyses were sawed in half and one
half was delivered to a commercial laboratory by Alto staff for analyses and
the other half retained for future reference. Gold assays were performed at
Accurassay Laboratories in Thunder Bay, Ontario. The gold assaying method uses
a standard Fire Assay with AA finish technique on a 30 gram sub-sample taken
from a 500 gram split from the submitted sample.  Commercially prepared
standards were inserted by Alto every 25 samples to ensure precision of the
results.  The laboratory ran internal check assays every 10 samples to ensure
lab quality control.
    Mineralized intervals reported are down-hole lengths as there is
insufficient drill hole density to estimate true widths.
    In June 2007, Wescan entered into an Option Agreement with Alto on the
Mud Lake Project.  Under the terms of the Option Agreement, Wescan can earn
50% in the property by funding $600,000 in exploration and issuing a total of
150,000 Wescan shares to Alto over two years. The diamond drilling program is
funded by Wescan in accordance with the terms of the Option Agreement.

    Wescan is a Canadian based corporation engaged in the acquisition,
exploration and development of mineral properties. Shares of the Company trade
on the TSX Venture exchange under the trading symbol "WGF".

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

    Caution Regarding Forward-Looking Statements

    From time to time, Wescan makes written or oral forward-looking
statements within the meaning of certain securities laws, including the "safe
harbor" provisions of the Ontario Securities Act and the United States Private
Securities Litigation Reform Act of 1995. Wescan may make such statements in
this press release, in other filings with Canadian regulators or the United
States Securities and Exchange Commission, in reports to shareholders or in
other communications. These forward-looking statements include, among others,
statements with respect to Wescan's objectives for the ensuing year, our
medium and long-term goals, and strategies to achieve those objectives and
goals, as well as statements with respect to our beliefs, plans, objectives,
expectations, anticipations, estimates and intentions. The words "may,"
"could," "should," "would," "suspect," "outlook," "believe," "plan,"
"anticipate," "estimate," "expect," "intend," and words and expressions of
similar import are intended to identify forward-looking statements. In
particular, statements regarding Wescan's future operations, future
exploration and development activities or other development plans contain
forward-looking statements.
    All forward-looking statements and information are based on Wescan's
current beliefs as well as assumptions made by and information currently
available to Wescan concerning anticipated financial performance, business
prospects, strategies, regulatory developments, development plans,
exploration, development and mining activities and commitments. Although
management considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect.
    By their very nature, forward-looking statements involve inherent risks
and uncertainties, both general and specific, and risks exist that
predictions, forecasts, projections and other forward-looking statements will
not be achieved. We caution readers not to place undue reliance on these
statements as a number of important factors could cause the actual results to
differ materially from the beliefs, plans, objectives, expectations,
anticipations, estimates and intentions expressed in such forward-looking
statements. These factors include, but are not limited to, developments in
world gold markets, risks relating to fluctuations in the Canadian dollar and
other currencies relative to the US dollar, changes in exploration,
development or mining plans due to exploration results and changing budget
priorities of Wescan or its joint venture partners; the effects of competition
in the markets in which Wescan operates; the impact of changes in the laws and
regulations regulating mining exploration and development; judicial or
regulatory judgments and legal proceedings; operational and infrastructure
risks and the additional risks described in Wescan's most recently filed
annual and interim MD&A and Wescan's anticipation of and success in managing
the foregoing risks.
    Wescan cautions that the foregoing list of factors that may affect future
results is not exhaustive. When relying on our forward-looking statements to
make decisions with respect to Wescan, investors and others should carefully
consider the foregoing factors and other uncertainties and potential events.
Wescan does not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Wescan or on our
behalf.

    %SEDAR: 00021049E




For further information:

For further information: Maurice (Moe) F. Lindsay, President, or Kirsten
Marcia, Vice President of Exploration at (306) 664-2422

Organization Profile

Wescan Goldfields Inc.

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