Wesgold Amends $2.0 Million Financing

Wesgold Minerals Inc.

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

News Release

Wesgold Amends $2.0 Million Financing

July 19, 2011: Wesgold Minerals Inc. (TSX-V: WSG) advises that the conversion price of its previously announced $2.0 million convertible debenture financing has been amended so that the debentures are convertible into a maximum of 4,255,320 shares at a rate of $0.47 per share. All other terms of the debentures remain unchanged.

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

“Ralph Rushton”

Ralph Rushton, Director

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