WESCAN GOLDFIELDS INC. ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

Wescan Goldfields Inc. (TSXV:WGF) has closed the first tranche of its non-brokered private placement, raising $2.24 million through the issuance of 10.2 million units at $0.22 per unit. Each unit includes one common share and one-half warrant exercisable at $0.35 for 24 months. The company plans to use proceeds to fund its 2026 summer exploration program at the Munro Lake Project in Saskatchewan, located near SSR Mining's Seabee Mine complex, following up on encouraging 2013 drill results.