Net Proceeds To Advance Winston Gold Project

MANITOBA - Winston Gold Corp. has arranged a non-brokered private placement of up to 27 million units at $0.09 per unit, for gross proceeds of $2.43 million, with a lead order from Palisades Goldcorp. Each Unit consists of one common share and one share purchase warrant . Each full Warrant will entitle the holder to purchase an additional common share of the Corporation at an exercise price of $0.13 per share for a period of 5 years from closing of the Private Placement.

All securities issued in connection with the Private Placement are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Finder fees may be payable on a portion of the financing according to the policies of the CSE. The net proceeds from the Private Placement will be used for general corporate purposes and to advance the Winston gold project near Helena Montana. In addition, the Board of Directors has granted 2 million stock options to certain consultants of the Company, at an exercise price of $0.12, expiring in two years.