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File: PR - Closing of Private Placement Apr.23.2014.doc


                        Wescan energy corp.
   Suite 2500, 520 - 5th Avenue S.W.
Calgary, Alberta  T2P 3R7
 T 403.265.9464
  F 403-266.1610
		  		                   www.wescanenergycorp.com		                      
	                                                                          
NEWS RELEASE
 WesCan Energy Corp. closes fully subscribed Unit Offering 

 For Immediate Release 			 April 23, 2014 
	
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
--->   

April 23, 2014 - Calgary, Alberta - WesCan Energy Corp. (TSXV:WCE) ("WesCan" or the "Company") is pleased to announce 
--->that it has closed its previously disclosed non-brokered private placement offering (the "Offering") of units ("Units"
--->) by issuing 8,333,333 Units at a price of $0.06 per Unit for gross proceeds of $500,000. Each Unit is comprised of on
--->e common share ("Common Share") and one-half of a share purchase warrant of the Company (a "Warrant"), resulting in th
--->e issuance of 8,333,333 Common Shares and 4,166,667 Warrants under the Offering. Each whole Warrant will entitle the h
--->older to purchase one Common Share until April 23, 2016, at an exercise price of $0.10 per share. 

Greg Busby, the President, Chief Executive Officer and director of WesCan, subscribed for 112,500 Units, William C. Ba
--->iley, 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 Unit
--->s and Leigh Stewart, Corporate Secretary of WesCan, subscribed for 250,000 Units under the private placement. WesCan h
--->as determined that exemptions from the various requirements of the TSX Venture Exchange Policy 5.9 and Multilateral In
--->strument 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 finder's 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 evaluat
--->ion 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 subj
--->ect to a four-month plus one day hold period from the date of issuance expiring August 24, 2014 all in accordance with
---> applicable securities laws. The Offering is subject to receipt of final acceptance from the TSX Venture Exchange. 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Greg T. Busby, President & CEO                                            
WESCAN ENERGY CORP.  
                     
Tel: (403) 265-9464   

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 NEWS RELEASE.

Disclaimer for Forward-looking Information

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this
---> release, other than statements of historical facts, that address future exploration drilling, exploration and product
--->ion activities and events or developments that the Company expects, are forward looking statements. Although the Compa
--->ny believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such st
--->atements are not guarantees of future performance and actual results or developments may differ materially from those 
--->in forward-looking statements. Factors that could cause actual results to differ materially from those in forward look
--->ing statements include market prices, regulatory approvals, continued availability of capital and financing, and gener
--->al economic, market or business conditions. 

This news release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor sha
--->ll there be any sale of securities in any state in the United States in which such offer, solicitation or sale would b
--->e unlawful. The securities referred to herein have not been and will not be registered under the United States Securit
--->ies Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable 
--->exemption from registration requirements.