Mr. Greg Busby reports

Wescan Energy Corp. has closed its previously disclosed non-brokered private placement offering of units by issuing 8,333,333 units at a price of six cents per unit for gross proceeds of $500,000. Each unit comprises one common share and one-half of a share purchase warrant of the company, resulting in the issuance of 8,333,333 common shares and 4,166,667 warrants under the offering. Each whole warrant will entitle the holder to purchase one common share until April 23, 2016, at an exercise price of 10 cents per share.

Greg Busby, the president, chief executive officer and director of Wescan, subscribed for 112,500 units, William C. Bailey, vice-president, engineering of Wescan, subscribed for 527,500 units, Alfredo Cu, director of Wescan, subscribed for 200,000 units, a company controlled by Richard Orman, chairman of the board of Wescan, subscribed for 163,333 units, and Leigh Stewart, corporate secretary of Wescan, subscribed for 250,000 units under the private placement. Wescan has determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 are available for the issuance of the units (Formal Valuation -- Issuer Not Listed on Specified Markets; Minority Approval -- Fair Market Value Not More Than 25% of Market Capitalization). No new insiders were created, nor has any change of control occurred, as a result of this private placement. No finders' fees were paid on the proceeds of the closing.

Net proceeds from the offering are expected to be used by the company for the continuation of indentifying and evaluation of potential transactions including general working capital purposes.

All securities issued under the offering, including the common shares issuable upon exercise of the warrants, are subject to a four-month-plus-one-day hold period from the date of issuance expiring Aug. 24, 2014, all in accordance with applicable securities laws. The offering is subject to receipt of final acceptance from the TSX Venture Exchange.

We seek Safe Harbor.