WSLegal\051252\00047\7822529v4
NEWS RELEASE
Stock Symbol: WGF: TSX-V Saskatoon, Saskatchewan WESCAN TO SE EK APPROVAL OF PROPOSED SHARE CONSOLIDATION Wescan Goldfields Inc. (" Wescan " or the "the shareholders at an annual general and special m eeting to be held on June 20, 2012 (the " conso lidate of all of the common shares in the capital o f the Company (the "approval sought will be the consolidation of the Co mmon Shares on the basis of a ratio not greater tha n one new share for ten old shares (the " directors of Wescan (the " Board ").
Wescan is a Canadian- based corporation engaged in the acquisition, explo ration and development of mineral properties. Common Shares "WGF" The proposed Consolidation is subject to shareholder approval and supporting documentation being accepted for filing by the TSX Venture Exchan ge. There is no change in Wescan’s name proposed in conjunction with the proposed Consolid For further information please contact: Officer, at (306) 664-2422.
"Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the policies of the TS X Venture Exchange) has reviewed or accepts respons ibility for the adequacy or accuracy of this release."
Caution Regarding Forward-Looking Statements
Certain statements contained in this press release constitute and the proposed Consolidation . These assumptions made by and information currently avail able to assumptions to be reasonable based on information currently available to it, the y may prove to be incorrect. By their very nature, forward-looking statements exist that predictions, forecasts, projections readers not to place undue reliance on these statem ents as a number of important factors could cause t he actual results to differ materially from the beliefs, plan s, objectives, expectat expressed in such forward- looking statements gold markets, changes in exploration plans due to e xploration results and changing budget prior effects of competition in the markets in which regulating mining exploration and development, judi cial or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks identified the management disc ussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulation.
NEWS RELEASE
V Saskatoon, Saskatchewan
EK APPROVAL OF PROPOSED SHARE CONSOLIDATION
" or the " Company ") announces that it intends to seek the approval of the shareholders at an annual general and special m eeting to be held on June 20, 2012 (the " lidate of all of the common shares in the capital o f the Company (the " Common Shares approval sought will be the consolidation of the Co mmon Shares on the basis of a ratio not greater tha n one new share for ten old shares (the " Consolidation "), with such ratio to be determined by the board of
based corporation engaged in the acquisition, explo ration and development of Common Shares trade on the TSX Venture Exchange under the he proposed Consolidation is subject to shareholder approval and supporting documentation being accepted for filing by the TSX Venture Exchan ge. There is no change in Wescan’s name proposed in conjunction with the proposed Consolid ation.
For further information please contact: Darren Anderson, President or Harvey Bay -END- "Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the X Venture Exchange) has reviewed or accepts respons ibility for the adequacy or Looking Statements Certain statements contained in this press release constitute forward-looking statements in respect of t. These forward-looking statements are based on Wescan 's current beliefs as well as assumptions made by and information currently avail able to Wescan . Although management considers these based on information currently available to it, the y may prove to be incorrect. By their looking statements involve inherent risks and uncertainties, both gene ral 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 statem ents as a number of important factors could cause t he actual results to differ materially from the beliefs, plan s, objectives, expectat ions, anticipations, estimates and intentions looking statements . These factors include, but are not limited to, de velopments in world gold markets, changes in exploration plans due to e xploration results and changing budget prior effects of competition in the markets in which Wescan operates, the impact of changes in the laws and reg ulations regulating mining exploration and development, judi cial or regulatory judgments and legal proceedings, operational the additional risks identified the management disc ussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and regulation.
NEWS RELEASE May 18, 2012 V Saskatoon, Saskatchewan EK APPROVAL OF PROPOSED SHARE CONSOLIDATION announces that it intends to seek the approval of the shareholders at an annual general and special m eeting to be held on June 20, 2012 (the " Meeting ") to Common Shares "). The approval sought will be the consolidation of the Co mmon Shares on the basis of a ratio not greater tha n to be determined by the board of based corporation engaged in the acquisition, explo ration and development of under the trading symbol he proposed Consolidation is subject to shareholder approval and supporting documentation being accepted for filing by the TSX Venture Exchan ge. There is no change in Wescan’s name Harvey Bay , Chief Financial"Neither TSX Venture Exchange nor its Regulation Se rvices Provider (as that term is defined in the X Venture Exchange) has reviewed or accepts respons ibility for the adequacy or in respect of t he Meeting 's current beliefs as well as. Although management considers these based on information currently available to it, the y may prove to be incorrect. By their involve inherent risks and uncertainties, both gene ral and specific, and risks will not be achieved. We caution readers not to place undue reliance on these statem ents as a number of important factors could cause t he actual ions, anticipations, estimates and intentions. These factors include, but are not limited to, de velopments in world gold markets, changes in exploration plans due to e xploration results and changing budget prior ities of Wescan, the operates, the impact of changes in the laws and reg ulations regulating mining exploration and development, judi cial or regulatory judgments and legal proceedings, operational the additional risks identified the management disc ussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and WSLegal\051252\00047\7822529v4