Mr. Richard Williams reports

WINSHEAR GOLD ANNOUNCES $2,500,000 PRIVATE PLACEMENT

Winshear Gold Corp. has arranged a non-brokered private placement of 25 million units at 10 cents per unit for gross proceeds of $2.5-million. Each unit comprises one common share and one-half of one common share purchase warrant. Each full warrant will allow the holder to purchase one common share of Winshear Gold at a price of 20 cents for a period of 36 months from the closing date of the financing. Finders' fees of up to 6 per cent cash and a 6 per cent warrant, on terms similar to the unit warrants, will be paid.

Proceeds from the private placement will be used for a drill program at the company's Portsoy project in Scotland and general working capital.

Completion of the private placement is subject to certain conditions, including the approval of the TSX Venture Exchange. All securities issued as part of this private placement will be subject to a hold period of four months and one day from the date of issuance of the securities.

About Winshear Gold Corp.

Winshear Gold is a Canadian-based minerals exploration company with a nickel-copper-cobalt project in Scotland (the Portsoy project) and a gold/critical minerals project in Ontario (the Thunder Bay project).

We seek Safe Harbor.