Wescan recommences exploration on its Jojay and Fork Lake projects



    Stock Symbol: WGF: TSX-V

    SASKATOON, SK, June 12 /CNW/ - M. F. (Moe) Lindsay, President of Wescan
Goldfields Inc. ("Wescan" or the "Company") is pleased to announce the
recommencement of exploration work 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.
    Work on Wescan's advanced stage Jojay project is planned to recommence
this month. Most significantly, Wescan announces the award of a contract to
AMEC's Saskatoon office 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. As well, it is intended as part of the next
phase of the contract to complete a NI 43-101 compliant technical report and
resource estimate. Associated activities by Wescan will include the necessary
environmental baseline work required to permit an underground exploration
program, and the completion of the construction of an all weather access road
to the site estimated to involve 11 kilometers of road upgrading. Completion
of this segment of road work will connect the Jojay project to an existing all
weather road and link the project to an existing gold processing plant; the
work is expected to be completed in August of this year.
    It also planned to carry out a two phase drilling program at Jojay later
this summer or early fall. The first phase of drilling will consist of 13
drill-holes totaling some 3,000 meters. The second phase will consist of an
additional 5 holes totaling some 1,000 meters. The information gained is
expected to supplement the existing data base and will be used to update the
resource model and to test for new sub-parallel zones that may occur along the
main shear zone (the Jojay Structural Zone). The gold mineralization in the
project area is associated with mafic-felsic volcanics. It is anticipated that
approximately $500,000 will be expended on the foregoing program during the
year.
    Work on the Fork Lake project will include the continuation of a soil
sampling grid that was initiated last year in the Transom Lake area as well as
follow-up drilling of identified targets. Eleven "targeted" areas were
identified from last year's results for follow-up work to include trenching
(for verification of results) and if warranted, drill testing. Previous
exploration has identified numerous gold occurrences within the project area
and plans call for follow-up drilling of these targets. The gold
mineralization in the project area is "shear-hosted", in association with
intrusion/metavolcanics, with mesothermal characteristics. An estimated
$500,000 is earmarked to be expended in this phase which includes
approximately 2,500 meters of drilling.

    Wescan Goldfields Inc. is a growth oriented exploration company based in
Saskatchewan engaged in the acquisition, exploration and development of
mineral properties. Wescan has a portfolio of properties that include
prospects for gold, uranium and base metals located in northern Saskatchewan's
"Greenstone Belt" and "Athabasca Basin". Shares in 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 Information

    From time to time, Wescan makes written or oral forward-looking
statements within the meaning of certain securities laws, including the "safe
harbour" provisions of the Ontario Securities Act. Wescan may make such
statements in this news release, in other filings with Canadian regulators, 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 Darren
Anderson - Investor Relations at (306) 664-2422

Organization Profile

Wescan Goldfields Inc.

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