Wescan Goldfields Inc. reports on winter drilling programs



    Stock Symbol: WGF: TSX-V

    SASKATOON, SK, Jan. 18 /CNW/ - Wescan Goldfields Inc. (Wescan) (WGF:
TSX.V) is pleased to report on progress from its various winter drill programs
including the Wescan - Alto Ventures Ltd. (Alto) Mud Lake Project in the
Beardmore-Geraldton gold belt of northern Ontario and the drilling programs on
its 100% owned Jojay and Fork Lake Projects in Northern Saskatchewan's
Greenstone Belt; both projects are approximately 135 road kilometers north of
La Ronge, Saskatchewan.

    Mud Lake Project - Beardmore-Geraldton Gold Belt, Ontario

    Drilling on the Wescan - Alto Mud Lake Project started in late November
2007 and nine holes were completed prior to the Christmas break. Drilling
resumed again on January 9, 2008 to complete the remaining nine holes of the
planned program announced on November 22, 2007 (see Alto news release dated
November 22, 2007). Earlier work on this project identified twelve surface
gold occurrences along a six kilometer segment of the Mud Lake Shear Zone
("MLS") but these occurrences were not drilled until the commencement of
Alto's 2007 winter program.
    During 2007, Alto drilled three of the twelve gold occurrences
intersecting up to 13.9 g/t gold across 1.0 metre (m) within a wider zone of
gold mineralization that assays 3.39 g/t across 6.1 m (see Alto news releases
dated March 6 and March 20, 2007). The program currently underway will
follow-up on gold mineralization intersected at the 3 occurrences drilled
during 2007 and test another three targets along the MLS that were not drilled
previously. This work is part of a longer term strategy to evaluate each of
these gold targets with diamond drilling and start to delineate in detail
those that display continuity of mineralization and grade.
    Samples from the nine holes were delivered for analyses on December 21,
2007 and gold assay results are expected shortly.

    Jojay Project - Northern Saskatchewan

    Drilling on Wescan's advanced stage Jojay Project commenced on December
10, 2007 and 778.7 meters were drilled in three holes prior to shutting down
for the Christmas break; samples from drilling were submitted for analysis
with results and evaluation still pending. Drilling recommenced on January 8,
2008 and at the time of writing work is continuing on hole number six with a
total of 1,464 m drilled in the current program to date. Results are not
expected until later in the month. The program calls for drilling an initial
phase of 3,500 m with a possible extension for additional drilling based on
results. Wescan previously announced (see Wescan news release June 12, 2007)
the award of a contract to a Saskatoon based consulting engineering firm to
carry out a Scoping Study of the Jojay Project to evaluate the economics of
the project in anticipation of moving to an underground bulk sample phase, and
with the intention of completing a NI 43-101 compliant technical report and
resource estimate. The current drilling program is in part targeted as an
infill program to assist in completion of the resource estimate. It is
expected the Scoping Study will be completed in February and the baseline
study by mid 2008.

    Fork Lake Project - Northern Saskatchewan

    The current phase of drilling on the Fork Lake Project was completed in
October, 2007 with just over 2,300 meters drilled in fourteen holes. The
program was focused as follow-up of targets identified from soil sampling
programs carried out during the summer of both 2006 and 2007. While detailed
analysis of the drill results have not been completed, Wescan reports that no
significant assays were returned from the drilling program.

    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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