WSR Gold, partners complete phase 2 drilling at 5.01

WSR Gold Inc (C:WSR)
Shares Issued 112,835,708
Last Close 11/13/2008 $0.05
Friday November 14 2008 - News Release

Also Metalex Ventures Ltd (C:MTX) News Release

Mr. John Tait of WSR reports

METALEX-WSR-ARCTIC STAR 5.01 PROGRESS REPORT

WSR Gold Inc., Metalex Ventures Ltd. and Arctic Star Resources Inc.'s joint venture project, along the Ring of Fire in the James Bay Lowlands, are providing an update on exploration progress on Anomaly 5.01, located 45 kilometres north of Noront's Eagle One project.

The second phase of drilling at the 5.01 project is now complete and comprised 17 holes (DDH501-26 through DDH501-41 and DDH501-43) totaling 5,095.5m. To date drilling on the 5.01 project totals 10,785.9 meters.

A summary for the Phase 2 drilling program is presented in the table below.

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                      Hole No.   Local E  Local N    UTM e    UTM n  Azimuth      Dip   Length
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                      DDH501-26   L1+80E    0+50N   522396  5901526      270      -49    198.0
                      DDH501-27   L1+80E    0+50N   522396  5901526      270      -77    163.5
                      DDH501-28   L1+37E    0+25N   522348  5901500      270      -45    108.0
                      DDH501-29   L2+35E     0+00   522433  5901475      270      -65    201.0
                      DDH501-30   L1+87E    0+50S   522399  5901425      270      -47    279.0
                      DDH501-31   L1+87E    0+50S   522399  5901425      270      -69    306.0
                      DDH501-32   L1+87E    0+50S   522399  5901425      270      -84    267.0
                      DDH501-33   L2+50E    0+75S   522460  5901400      270      -45    291.0
                      DDH501-34   L2+50E    0+75S   522460  5901400      270      -61    324.0
                      DDH501-35   L2+50E    0+75S   522460  5901400      270      -72    303.0
                      DDH501-36   L2+40E    1+25S   522456  5901344      270      -45    219.0
                      DDH501-37   L2+40E    1+25S   522456  5901344      270      -62    297.0
                      DDH501-38   L2+40E    1+25S   522456  5901344      270      -78    393.0
                      DDH501-39   L2+90E    1+75S   522510  5901300      270      -45    414.0
                      DDH501-40   L2+90E    1+75S   522510  5901300      270      -55    300.0
                      DDH501-41   L2+90E    1+75S   522510  5901300      270      -65    441.0
                      DDH501-43   L4+80E    0+25N   522690  5901500      270      -50    591.0
                      -------------------------------------------------------------------------
                  

Complete assay results have not yet been received since the news release dated September 10, 2008. 21 batches totaling 719 samples have been sent to Actlabs from the Phase 2 drilling program.

The massive sulfide occurrence is still open up and down dip in areas, as drill holes failed to close off the upper or lower plunge of the deposit. The strike length has been extended to almost 200m, with a vertical depth extension of 275m from a near surface depth of about 10m. The width of the zone still varies from 3-22m, with an approximate average of 12-15m.Down hole electromagnetic geophysics as well as additional airborne magnetic and electromagnetic geophysics on east-west flight lines will be conducted over the 5.01 project claim. The results of these surveys as well as additional ground geophysical work should generate follow-up drill targets for February of 2009.Mr. Mike Kilbourne is the Qualified Person responsible for the technical contents of this press release.

WSR Gold Inc. (TSXV:WSR) ("WSR") is pleased to announce the appointment of Mr. Chris Hodgson as director of WSR.

Mr. Hodgson entered provincial politics in 1994 and following the 1995 general election was appointed as Ontario's Minister of National Resources and Minister of Northern Development and Mines. During his time as Minister, Mr. Hodgson was recognized for creating new opportunities and growth within Ontario's mining industry, as he introduced and proclaimed a new Mining Act. Chris has served as the President of the Ontario Mining Association since October 2004, has served as the President of Chris Hodgson Enterprises since 2000 and is currently serving as a trustee for the Brick Income Fund.

John Tait, President and CEO said, "WSR is pleased to welcome Mr. Hodgson to its Board and feel that Mr. Hodgson's experience in Ontario Mining and Exploration will be a great asset to our ongoing efforts."

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