Mr. Murray Nye reports

WINSTON GOLD ANNOUNCES A $2,500,000 CLASS A COMMON SHARE NON BROKERED PRIVATE PLACEMENT

Winston Gold Mining Corp. will undertake a non-brokered private placement for the sale of up to 6.25 million Class A common shares of the corporation at 40 cents per share for gross proceeds of up to $2.5-million. The offering was priced in the context of the market based on a price reservation made by the corporation on Oct. 5, 2016. The corporation may pay commissions or finders' fees up to the amount allowable by the policies of the Canadian Securities Exchange in connection with the subscriber's subscription for shares under this offering.

Closing of the offering is subject to the receipt of all necessary corporate, regulatory and exchange approvals. All securities issued in connection with the offering will be subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. Murray Nye, the president of the corporation, states, "The net proceeds of this offering will allow the corporation to expedite the development of the corporation's near-term U.S. production projects."