Wescan Goldfields Inc. - Jojay Project: High grade gold intersected 22.95 grams per tonne over 1.70 metres



    Stock Symbol: WGF: TSX-V

    SASKATOON, SK, Feb. 29 /CNW/ - Wescan Goldfield Inc. (WGF: TSX-V)
(Wescan) is pleased to announce the first set of results from the 2007-2008
winter drill program on the 100 percent owned Jojay Project in Northern
Saskatchewan's Greenstone Belt, located 135 kilometers by road north of
La Ronge. Significant gold intercepts include:

    
    -   22.95 grams per tonne (g/t) over 1.70 metres (m), including
        52.47 g/t over 0.70 m in drill hole JJ07-02
    -   49.07 g/t over 0.50 m in drill hole JJ08-09
    -   41.36 g/t over 0.80 m in drill hole JJ08-04
    -   6.48 g/t over 5.50 m, including
        36.18 g/t over 0.60 m in drill hole JJ08-06
    -   9.37 g/t over 2.60 m, including
        37.52 g/t over 0.40 m in drill hole JJ08-09
    

    Drilling down plunge of the known mineralized zone resulted in a
significant overall deepening of the deposit supported by gold assays and
visual inspection. In the north, the mineralized zones were extended from
200 metres to 300 metres from surface and the southern mineralization was
extended from 150 metres to 250 metres from surface. These drill results
clearly demonstrate the significant increase of potential at Jojay.
    The 2007-2008 Jojay drill program included a total of 6,336 metres of
diamond drilling over 22 holes and was completed in late February, 2008. This
drill program focused on infill drilling required for a resources estimate. In
addition, step out drilling tested deeper areas of mineralization.
    A scoping study is presently underway by a Saskatoon based engineering
firm in preparation for a planned underground bulk sample. A National
Instrument 43-101 compliant technical report and resource estimate will be
prepared with the scoping study. The scoping study is scheduled for completion
in mid-2008 and will include the current drilling results and a baseline
study.
    Significant uncut gold intercepts for the first 10 holes (JJ07-01 to
JJ08-10) are reported in the table below. Results for the remaining 12 holes
are in progress.

    
    -------------------------------------------------------------------------
    Drill
    Hole      Objective      From(m)     To(m)    Width(m)    Au (g/t)
    -------------------------------------------------------------------------
    JJ07-02    Step-out      130.00    130.80        0.80       13.31
    -------------------------------------------------------------------------
    JJ07-02    Step-out      173.60    175.30        1.70       22.95     (*)
    -------------------------------------------------------------------------
      incl.    Step-out      173.60    174.30        0.70       52.47
    -------------------------------------------------------------------------
    JJ07-02    Step-out      216.50    216.80        0.30        6.69
    -------------------------------------------------------------------------
    JJ07-02    Step-out      231.60    234.40        2.80        4.14     (*)
    -------------------------------------------------------------------------
      incl.    Step-out      233.00    233.30        0.30       15.12
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    JJ07-03     Infill       179.60    180.10        0.50         4.9
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    JJ08-04    Step-out      226.10    226.60        0.50        4.12
    -------------------------------------------------------------------------
    JJ08-04    Step-out      252.50    253.50        1.00        4.08
    -------------------------------------------------------------------------
    JJ08-04    Step-out      271.40    272.40        1.00        2.22
    -------------------------------------------------------------------------
    JJ08-04    Step-out      280.60    281.40        0.80       41.36
    -------------------------------------------------------------------------
    JJ08-04    Step-out      284.30    286.40        2.10        5.73     (*)
    -------------------------------------------------------------------------
      incl.    Step-out      285.80    286.40        0.60       10.25
    -------------------------------------------------------------------------
    JJ08-04    Step-out      288.30    289.30        1.00       10.69     (*)
    -------------------------------------------------------------------------
      incl.    Step-out      288.80    289.30        0.50       18.35
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    JJ08-05     Infill       232.90    235.30        2.40        3.17     (*)
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    JJ08-06    Step-out      176.00    176.70        0.70       11.01
    -------------------------------------------------------------------------
    JJ08-06    Step-out      216.90    217.50        0.60        6.55
    -------------------------------------------------------------------------
    JJ08-06    Step-out      223.20    223.70        0.50        3.02
    -------------------------------------------------------------------------
    JJ08-06    Step-out      225.60    231.10        5.50        6.48     (*)
    -------------------------------------------------------------------------
      incl.    Step-out      227.50    228.10        0.60       36.18
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    JJ08-07    Step-out      224.50    227.10        2.60        2.46     (*)
    -------------------------------------------------------------------------
      incl.    Step-out      226.10    227.10        1.00        4.39
    -------------------------------------------------------------------------
    JJ08-07    Step-out      238.40    239.40        1.00        2.08
    -------------------------------------------------------------------------
    JJ08-07    Step-out      242.90    243.40        0.50        4.01
    -------------------------------------------------------------------------
    JJ08-07    Step-out      244.40    245.10        0.70        2.77
    -------------------------------------------------------------------------
    JJ08-07    Step-out      246.60    248.00        1.40        3.73     (*)
    -------------------------------------------------------------------------
      incl.    Step-out      247.40    248.00        0.60         7.1
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    JJ08-09     Infill       235.20    235.70        0.50       49.07
    -------------------------------------------------------------------------
    JJ08-09     Infill       251.30    251.80        0.50        4.36
    -------------------------------------------------------------------------
    JJ08-09     Infill       268.90    269.90        1.00        2.09
    -------------------------------------------------------------------------
    JJ08-09     Infill       273.70    276.30        2.60        9.37     (*)
    -------------------------------------------------------------------------
      incl.     Infill       273.70    274.10        0.40       37.52
    -------------------------------------------------------------------------
      incl.     Infill       274.10    274.60        0.50        9.02
    -------------------------------------------------------------------------

    -------------------------------------------------------------------------
    JJ08-10     Infill        142.5       143        0.50       14.51
    -------------------------------------------------------------------------
    

    (*) Indicates a composite interval calculated as a weighted average

    Drill core was halved and samples averaging 0.5 to 1.0 metres were
submitted to TSL Laboratory in Saskatoon, Saskatchewan. Rigorous quality
assurance and quality control procedures have been implemented including the
use of blanks, standards and duplicates. Core samples were analyzed by a
30 gram gold fire assay with an atomic absorption and gravimetric finish.
Intercepts are reported as drilled widths, and range 40 to 70 percent of true
widths.
    Vice President of Exploration, Kirsten Marcia, a Professional
Geoscientist in the Province of Saskatchewan, is the Qualified Person who has
reviewed and approved this news release.

    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

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Wescan Goldfields Inc.

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