Stock Options Granted

Wesgold Minerals Inc.

830-355 Burrard Street Vancouver, BC Canada V6C 2G8 Tel: 604 801 5432 Fax: 604 662 8829 [email protected] www.wesgold.com

News Release

Stock Options Granted

March 1, 2011: Wesgold Minerals Inc. (TSX-V: WSG) announces that it has granted incentive stock options to its directors, officers and employees to purchase up to a total of 505,000 common shares exercisable for ten years at a price of $0.37 per share.

About Wesgold Minerals

Wesgold Minerals Inc. is a Vancouver-based mineral exploration company focused on the acquisition and exploration of early-stage gold projects. For further information, please refer to the Company’s filings on SEDAR (www.sedar.com) or contact the Company by telephone at 604-801-5432.

ON BEHALF OF THE BOARD

“Harmen Keyser”

Harmen Keyser, President

Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.