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VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 30, 2010) - Williams Creek Explorations Limited ("WCX," "Williams Creek," or the "Company") (TSX VENTURE:WCX) is pleased to announce that it closed on a non-brokered private placement of Units, each Unit consisting of one Flow-Through Share and a warrant to purchase one half of one non-flow-through share (the "Placement"). Gross proceeds from the Placement are $1.03 million dollars (the hold periods under Canadian securities laws and requirements of the TSX Venture Exchange expire April 25, 2011). The Placement closed on Friday, December 24, 2010.


In the course of the Placement, Williams Creek has issued 2,783,783 Flow Through Shares at a price of $0.37 per share and 1,391,890 warrants with an exercise price of $0.75 and a duration of 18 months. Williams Creek has issued an additional 162,161 "finders' warrants," each entitling the purchase of on non-flow-through share at $0.37 per share for 12 months, and paid cash finders' fees of $60,000.


The proceeds of the Placement will be used to fund Canadian Exploration Expenses that Williams Creek intends to accrue in the course of its exploration of its properties near Barkerville, BC and Kamloops, BC.


"Flow-Through Shares offer investors the opportunity to capitalize grassroots exploration in a tax-effective fashion while allowing companies to limit the dilution of their share capital base," said Michael R. Sonnenreich, Chairman and CEO of Williams Creek. "This private placement provides Williams Creek with additional ammunition for exploration as it continues to pursue its three-front strategy of exploring, engaging in equity and joint venture investments, and engaging in debt and royalty agreements."



THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATIONIN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.





About WCX:



Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Explorations Limited. Williams Creek Explorations Limited is a Canadian company with the primary purpose of participating broadly in the natural resource sector, with an emphasis on the gold subsector, through exploration, joint ventures or other equity investments.


The Company owns twenty-eight crown granted mineral claims in the Cariboo Mining Division, and three crown granted mineral claims in the Kamloops Mining Division, of British Columbia. The Company also has a net 30% interest in the ATW diamond property in the MacKenzie Mining District of the Northwest Territories.