Williams Creek announces additional positive drill results from Barkerville Property

Jan 18 2012

WILLIAMS CREEK ANNOUNCES ADDITIONAL POSITIVE DRILL RESULTS FROM BARKERVILLE PROPERTY                                         News Release WCX-11-01, January 18 2012

Williams Creek Gold Limited (Trading Symbol WCX,TSX.V) announces completion of Phase II of its 2011 exploration and diamond drilling program on its wholly owned group of Crown Granted mineral claims centered in the historic Barkerville Camp, BC.  Drilling was concentrated in the Stouts Gulch and Williams Creek drainages both of which had rich historical placer deposits.  The drilling program was completed on November 8, 2011.  A total of 4,819 meters (15,811 feet) were drilled in Phase II, with an overall total of 9,745 meters (31,975 feet) in 42 holes for the year.  Significant delays in receiving results from the analytical laboratory have impacted the geological review of the results.  The program was designed to follow up on excellent initial intercepts from the 23-hole Phase I drilling in both the Stouts Gulch area and the Morning Star area farther northwest.

Significant intercepts from Phase II are shown in the table presented below. The majority of the high grade intercepts in the Phase II drilling are quartz veins, locally in what appear to be vein zones.  For example, in Hole WCX-11-26 in the Morning Star area an interval of 82.4 feet (25.1 meters) contains enough high grade veins and wall rock mineralization to average 4.59 g/t from 847.0 feet to 929.4 feet.

2011 PHASE II DRILL INTERCEPTS
DDH	From (ft)	To (ft)	Interval (ft)		From (m)	To (m)	Interval (m)	Gold (g/T)
WCX-11-24	607.0	617.0	10.00		185.0	188.1	3.0	1.275
WCX-11-25	509.8	515.7	5.9		155.4	157.2	1.8	3.840
	515.7	525.4	9.7		157.2	160.1	2.9	0.399
	525.4	528.0	2.6		160.1	160.9	0.8	30.900
	528.0	537.0	9.0		160.9	163.7	2.7	1.145
	Composite Interval (m) 8.3; Composite grade (g/T) 4.31
	617.0	622.0	5.0		188.1	189.6	1.5	2.370
WCX-11-26	426.50	427.10	0.6		130.0	130.2	0.2	2.530
	523.0	523.7	0.7		159.4	159.6	0.2	1.955
	536.4	538.4	2.0		163.5	164.1	0.6	5.310
	597.0	599.7	2.7		182.0	182.8	0.8	3.750
	847.0	854.0	7.0		258.2	260.3	2.1	0.526
	854.0	859.8	5.8		260.3	262.1	1.8	29.700
	859.8	861.3	1.5		262.1	262.5	0.5	0.606
	861.3	865.0	3.7		262.5	263.7	1.1	16.500
	865.0	867.9	2.9		263.7	264.5	0.9	0.330
	867.9	869.3	1.4		264.5	265.0	0.4	0.113
	869.3	874.4	5.1		265.0	266.5	1.6	0.512
	874.4	875.8	1.4		266.5	266.9	0.4	16.600
	875.8	879.8	4.0		266.9	268.2	1.2	0.603
	879.8	880.6	0.8		268.2	268.4	0.2	6.140
	880.6	887.0	6.4		268.4	270.4	2.0	0.482
	887.0	897.0	10.0		270.4	273.4	3.0	0.593
	897.0	908.2	11.2		273.4	276.8	3.4	0.748
	908.2	909.0	0.8		276.8	277.1	0.2	68.200
	909.0	917.0	8.0		277.1	279.5	2.4	2.140
	917.0	927.0	10.0		279.5	282.5	3.0	1.180
	927.0	929.4	2.4		282.6	283.3	0.7	2.170
	Composite Interval (m) 25.1; Composite grade (g/T) 4.59
WCX-11-27	932.3	933.3	1.0		284.2	284.5	0.3	1.675
WCX-11-28	546.20	547.30	1.1		166.5	166.8	0.3	1.205
	587.00	588.30	1.3		178.9	179.3	0.4	2.650
	699.90	700.50	0.6		213.3	213.5	0.2	15.300
WCX-11-29	68.50	75.10	6.6		20.9	22.9	2.0	2.040
	579.60	581.80	2.2		176.7	177.3	0.7	1.970
WCX-11-30	117.0	127.0	10.0		35.7	38.7	3.0	1.605
WCX-11-31	157.0	167.0	10.0		47.9	50.9	3.0	2.970
	207.0	217.0	10.0		63.1	66.1	3.0	7.700
	217.0	227.0	10.0		66.1	69.2	3.0	0.217
	227.0	228.3	1.3		69.2	69.6	0.4	3.350
	Composite Interval (m) 6.5; Composite grade (g/T) 3.92
	258.3	260.1	1.8		78.7	79.3	0.5	18.500
	260.1	267.0	6.9		79.3	81.4	2.1	0.369
	267.0	268.7	1.7		81.4	81.9	0.5	2.030
	Composite Interval (m) 3.2; Composite grade (g/T) 3.78
	311.8	314.8	3.0		95.0	96.0	0.9	29.400
	342.2	343.7	1.5		104.3	104.8	0.5	21.800
	431.5	436.5	5.0		131.5	133.0	1.5	3.240
	436.5	440.5	4.0		133.0	134.3	1.2	0.025
	440.5	447.0	6.5		134.3	136.2	2.0	1.070
	Composite Interval (m) 4.7; Composite grade (g/T) 1.5
	758.1	764.0	5.9		231.1	232.9	1.8	1.100
WCX-11-32	144.90	148.80	3.9		44.2	45.4	1.2	1.545
	177.0	187.0	10.0		53.9	57.0	3.0	2.229
	277.0	287.0	10.0		84.4	87.5	3.0	1.250
	287.0	297.0	10.0		87.5	90.5	3.0	4.330
	Composite Interval (m) 6.1; Composite grade (g/T) 2.79
WCX-11-33	160.6	162.1	1.5		49.0	49.4	0.5	44.100
	172.2	172.5	0.3		52.5	52.6	0.1	31.400
	172.5	177.0	4.5		52.6	53.9	1.4	0.066
	177.0	185.4	8.4		53.9	56.5	2.6	0.042
	185.4	186.1	0.7		56.5	56.7	0.2	9.980
	186.1	193.5	7.4		56.7	59.0	2.3	0.142
	193.5	194.1	0.6		59.0	59.2	0.2	2.330
	194.1	197.0	2.9		59.2	60.0	0.9	0.164
	197.0	207.0	10.0		60.0	63.1	3.0	0.022
	207.0	208.8	1.8		63.1	63.6	0.5	46.700
	Composite Interval (m) 11.2; Composite grade (g/T) 2.85
	385.6	388.1	2.5		117.5	118.3	0.8	1.815
WCX-11-37	97.4	98.1	0.7		29.7	29.9	0.2	3.580
	115.7	120.6	4.9		35.3	36.8	1.5	2.190
	190.3	191.6	1.3		58.0	58.4	0.4	5.450
WCX-11-38	12.0	18.2	6.2		3.7	5.5	1.9	8.030
	18.2	27.0	8.8		5.5	8.2	2.68	0.058
	27.0	36.7	9.7		8.2	11.2	2.96	0.101
	36.7	38.3	1.6		11.2	11.7	0.5	4.390
	38.3	47.0	8.7		11.7	14.3	2.7	0.194
	Composite Interval (m) 10.7; Composite grade (g/T) 1.71
	185.4	189.0	3.6		56.5	57.6	1.1	13.050
	189.0	197.0	8.0		57.6	60.0	2.4	0.023
	197.0	207.0	10.0		60.0	63.1	3.0	0.046
	207.0	210.1	3.1		63.1	64.0	0.9	6.250
	210.1	213.3	3.2		64.0	65.0	1.0	0.435
	213.3	217.4	4.1		65.0	66.3	1.3	14.700
	217.4	227.0	9.6		66.3	69.2	2.9	0.283
	227.0	240.2	13.2		69.2	73.2	4.0	0.290
	Composite Interval (m) 16.7; Composite grade (g/T) 2.47
	367.0	370.2	3.2		111.9	112.8	1.0	3.240
	717.0	717.8	0.8		218.5	218.8	0.2	14.850
	717.8	727.0	9.2		218.8	221.6	2.8	0.063
	727.0	735.3	8.3		221.6	224.1	2.5	0.150
	735.3	737.6	2.3		224.1	224.8	0.7	4.240
	737.6	743.8	6.2		224.8	226.7	1.9	3.810
	Composite Interval (m) 8.2; Composite grade (g/T) 1.76
	781.1	782.8	1.7		238.1	238.6	0.5	14.650
	818.0	819.8	1.8		249.3	249.9	0.5	4.940
	819.8	826.3	6.5		249.9	251.9	2.0	0.231
	826.3	834.5	8.2		251.9	254.4	2.5	7.550
	834.5	837.0	2.5		254.4	255.1	0.8	0.162
	837.0	847.0	10.0		255.1	258.2	3.0	0.017
	847.0	857.0	10.0		258.2	261.2	3.0	0.007
	857.0	867.0	10.0		261.2	264.3	3.0	0.248
	867.0	872.1	5.1		264.3	265.8	1.6	3.480
	Composite Interval (m) 16.5; Composite grade (g/T) 1.72
WCX-11-39	205.0	209.4	4.4		62.5	63.8	1.3	39.600
	209.4	217.0	7.6		63.8	66.1	2.3	0.051
	217.0	227.0	10.0		66.1	69.2	3.0	0.026
	227.0	232.5	5.5		69.2	70.9	1.7	0.027
	232.5	237.0	4.5		70.9	72.2	1.4	4.280
	237.0	247.0	10.0		72.2	75.3	3.0	1.765
	247.0	257.0	10.0		75.3	78.3	3.0	2.520
	Composite Interval (m) 15.8; Composite grade (g/T) 4.56
WCX-11-40	441.9	442.9	1.0		134.7	135.0	0.3	11.750
	487.0	488.4	1.4		148.4	148.9	0.4	11.950
	488.4	491.4	3.0		148.9	149.8	0.9	0.011
	491.4	497.4	6.0		149.8	151.6	1.8	1.815
	Composite Interval (m) 3.2; Composite grade (g/T) 2.66
	558.5	560.7	2.2		170.2	170.9	0.7	11.450
	647.0	648.0	1.0		197.2	197.5	0.3	8.490
WCX-11-41	333.1	335.6	2.5		101.5	102.3	0.8	1.035
	335.6	343.2	7.6		102.3	104.6	2.3	1.420
	Composite Interval (m) 3.1; Composite grade (g/T) 1.32
	377.0	387.0	10.0		114.9	118.0	3.0	2.610
	387.0	392.1	5.1		118.0	119.5	1.6	0.065
	392.1	393.2	1.1		119.5	119.8	0.3	7.540
	Composite Interval (m) 4.9; Composite grade (g/T) 2.14

The area where the north trending Sirius Fault extends through the confluence of Williams Creek and Stouts Gulch is the site of some of the better intercepts, some of which are near-surface.  WCX-11-38 through WCX-11-40 were collared approximately 200 feet (61 meters) east of the strong intercepts encountered in Phase I Holes WCX-11-01 through WCX-11-06 in the area of the Westport Adit.  These holes contain numerous high grade intercepts up to 4.4 feet (1.3 meters) at 39.6 g/t. Ground preparation caused by deformation within the zone bounded by the Sirius Fault and the Barkerville Fault is thought to account for the better intercepts in this area. The number and grade of intercepts in the 2011 drilling program are encouraging and warrant a follow-up program in 2012.

A map showing the locations of the Phase I and Phase II holes drilled in 2011 is available on the Williams Creek Gold website (). The results for both Phases of the 2011 drilling programs are presently being compiled and evaluated along with the stratigraphic succession and structural information identified in the 2011 drilling program. A Phase III drilling program is planned for 2012 to follow up on results in the Morning Star area, the area where Stouts Gulch joins Williams Creek, and elsewhere on the property where little or no historical drilling has been done.

Williams Creek Gold Chairman and C.E.O. Michael R. Sonnenreich stated "The Company is looking forward to advancing its existing prospects in 2012 and is also aggressively pursuing other gold and precious metal projects in both British Columbia and Nevada."

Williams Creek will continue to explore its Barkerville property in the 2012-2013 Phase III project, currently in the planning stage. Phase III will also include trenching on its 100% owned Pine Properties in the Stanley, BC area to follow up on anomalous gold zones identified in several separate soil sampling programs. The Stanley and Van Winkle areas were significant placer gold producers during the Cariboo Gold Rush and, to date, no bedrock source has yet been identified.

The technical information in this news release has been reviewed and approved by consulting geologist John F. Childs, PhD., Childs Geoscience Inc. Consulting Economic Geologists of Bozeman Montana, a qualified person as defined in National Instrument 43-101.

Williams Creek Gold 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, royalty and finance agreements.

Williams Creek Gold Limited owns 28 Crown Granted mineral claims in the immediate vicinity of Barkerville, BC in the Cariboo Mining Division. The Cariboo gold belt and the Barkerville Camp have a long history of gold production dating back to the 1800s. Historically the Barkerville Camp has reported gold production of 3.8 million ounces, including 2.6 million ounces from surface placer and 1.2 million ounces from lode mining. When placer gold production peaked in the late 1890s, Williams Creek Gold's Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among the first acquired in the early search for lode gold.

Williams Creek Gold Limited also owns a block of four mineral claims 17km west of Barkerville known as the Pine Properties. The Company has three Crown Granted mineral claims in the Kamloops Mining Division, two of which are adjacent to New Gold's New Afton project. Additionally, Williams Creek Gold Limited has a net 30% interest in th ATW diamond property in the MacKenzie Mining District of the Northwest Territories.

On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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FOR FURTHER INFORMATION CONTACT:

Williams Creek Gold Limited

Michael R. Sonnenreich

Chairman and CEO

Williams Creek Gold 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, royalty and finance agreements.

Williams Creek Gold Limited owns twenty-eight Crown Granted mineral claims in the immediate vicinity of Barkerville, BC in the Cariboo mining division. The Cariboo gold belt and the Barkerville Camp have a long history of gold production dating back to the 1800s. Historically the Barkerville Camp has reported gold production of 3.8 million ounces, including 2.6 million ounces from surface placer and 1.2 million ounces from lode mining. When placer gold production peaked in the late 1890s, Williams Creek Gold's Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among the first acquired in the early search for lode gold.

Williams Creek Gold Limited also owns a block of four mineral claims 17km west of Barkerville known as the Pine Properties. The Company has three Crown Granted mineral claims in the Kamloops Mining Division, two of which are adjacent to New Gold's New Afton project. Additionally, Williams Creek Gold Limited has a net 30% interest in the ATW diamond property in the MacKenzie Mining District of the Northwest Territories.

On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

This News Release contains forward-looking statements. Forward-looking statements are statements which relate to future events and conditions and therefore involve inherent risks and uncertainties. These statements are only predictions and involve known and unknown risks, uncertainties and other factors that may cause our or our industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our industry, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein. Except as required by applicable law, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results. All phases of the Company's operations are subject to environmental regulation and governmental approval and permits and there can be no assurance that the Company will obtain all the requisite permits for future development. Mining is an inherently risky business with large capital expenditures and cyclical metals markets.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.