Wescan Announces Closing of Private Placement

NEWS RELEASE May 4, 2018

Stock Symbol: WGF: TSX-V Saskatoon, Saskatchewan

WESCAN ANNOUNCES CLOSING OF PRIVATE PLACEMENT

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES

Wescan Goldfields Inc. (“Wescan” or the “Company”) is pleased to announce the successful closing of

Wescan's private placement (the “Offering”) of 625,000 Flow -Through Common Shares of the Company

at a price of $0.08 per Flow -Through Common Share, for gross proceeds of $50,000 (collectively, the

“Offering”). Participating insiders purchased 50% ($25,000) of the Offering. Pursuant to Multilateral

Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the

purchase by the Purchasing Insiders was a "related party transaction" but the Company was exempt from

the requirements to obtain a formal valuation or minority shareholder approval in connection with the

Offering. Proceeds of the Offering will be used to incur Canadian exploration expenses (“Qualifying

Expenditures”) on the Company’s Munro Lake gold property prior to December 31, 2019. Wescan will

renounce the Qualifying Expenditures to subscribers of Flow -Through Common Shares for the fiscal year

ended December 31, 2018. All securities issued in connection with the Offering will be subject to a four

month hold period from the date of issuance in accordance with applicable securities laws. The Offering is

subject to TSX Venture Exchange (“TSX-V”) acceptance of requisite regulatory filings.

Wescan is a Canadian based corporation engaged in the acquisition, exploration and d evelopment of

mineral properties. Shares of Wescan trade on the TSX-V under the trading symbol “WGF”.

Caution Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward -looking statements in respect of the proposed Offering .

Forward-looking statements in this press release include, but are not limited to statements with respe ct to proceeds of the Offering.

These forward-looking statements are based on Wescan's current beliefs as well as assumptions made by and information currently

available to Wescan. Although management considers these assumptions to be reasonable based on information currently available

to it, they may prove to be incorrect. By their very nature, forward -looking statements involve inherent risks and uncertainties,

both general and s pecific, 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 statements as a number of important factors could cause the

actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates and intentions expressed

in such forward-looking statements. These factors include, but are not limited to, developments in world gold markets, changes in

exploration plans due to exploration results and changing budget priorities of Wescan , the effects of competition in the markets in

which Wescan operates, the impact of changes in the laws and regulations regulating mining exploration and development, judicial

or regulatory judgments and legal proceedings, operational and infrastructure risks and the additional risks identified in the

management discussion and analysis section of our interim and most recent annual financial statement or other reports and fi lings

with the TSX Venture Exchange and applicable Canadian securities regulation.

For further information: [email protected] or (306) 664-2202

www.wescangoldfields.com

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“Neither TSX Venture Exchange nor its Regulation Services Provider (as t hat term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.”