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File: Winston_ 243134 Oct.20_16 n_r announce 2.5M Class A c.s. at $0.40 (2).DOCX

WINSTON GOLD MINING CORP. Suite 201 - 919 Notre Dame Avenue Winnipeg, Manitoba, R3E 0M8 Canada Telephone: (204) 989-24
--->34


Canadian Securities Exchange:  WGC    For Immediate Release

WINSTON GOLD  ANNOUNCES  A $2,500,000  CLASS A COMMON  SHARE NON BROKERED PRIVATE PLACEMENT
WINNIPEG, MANITOBA - October 20, 2016 - Winston Gold Mining Corp. ("Winston Gold" or the "Corporation") (CSE: WGC) (OT
--->CQB:WGMCF) announces that it will undertake a non-brokered private placement for the sale of up to 6,250,000 Class A c
--->ommon shares of the Corporation (the "Shares") at $0.40 per Share for gross proceeds of up to $2,500,000 (the "Offerin
--->g").  The Offering was priced in the context of the market based on a price reservation made by the Corporation on Oct
--->ober 5, 2016.
The Corporation may pay commissions or finder's fees up to the amount allowable by the policies of the Canadian Securi
--->ties Exchange (the "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 US production projects."
ON BEHALF OF THE DIRECTORS OF THE CORPORATION and for further information, please contact:
Murray Nye, Chief Executive Officer
Suite 201-919 Notre Dame Avenue
Winnipeg, Manitoba, R3E 0M8  Canada
Telephone: (204) 989-2434

E-mail: murray@winstongold.com

The Canadian Securities Exchange has neither approved nor disapproved the information contained herein.