WESTCAN UPDATES THE HEDLEY GOLD PROJECT
Wednesday, Febuary 8th, 2012

November of 2011, WestCan signed an option agreement with Mr. Grant Crooker P.Geo to acquire the 11,000 hectare Hedley Gold Project located 230 kilometres east of Vancouver and 7 kilometres south of Hedley in the Hedley Gold Basin of southern British Columbia.

Sedimentary and volcanic rocks of the Nicola Group in the Hedley Gold Basin are host to the auriferous strata-bound skarn deposits at Nickel Plate Mountain. Gold production at Nickel Plate Mountain commenced in 1904 and continued until 1996 with production of 2,524,313 ounces of gold from the Nickel Plate and Hedley-Mascot mines.

WestCan’s management in consultation with Mr. Crooker (the optioner of the properties) has been gathering historical data since the agreement was signed. The project has been broken down into six target areas; the WP, Chevron, Blitz, Lookout, Paul and Kel based on geological, geochemical and geophysical parameters. The Company will be examining each of these areas and will issue news releases as data becomes available.

The first target area is the WP and consists of five tenures covering 1,495.87 hectares. The WP target area is mainly underlain by Nicola Group volcanic and sedimentary rocks that have been intruded by Hedley intrusions and the Cahill Creek pluton. Nicola Group volcanic and sedimentary rocks are favourable units to host skarn related gold mineralization in the Hedley Gold Basin.

From 1987 through 1996 a grid was established over approximately 75% of the WP target area and geological, soil geochemical and magnetic and electromagnetic geophysical surveys were carried out. A heavy metal stream sediment sampling program was also carried out on Whistle and Pettigrew creeks. These programs yielded coincidental geological, geochemical and geophysical anomalies and delineated four exploration target areas warranting additional exploration.

In 1997, Northpoint Resources Ltd. conducted an exploration program consisting of geophysical induced polarization surveying, soil and rock geochemical sampling, trenching and core drilling to investigate the four target areas. The primary economic targets were disseminated, skarn gold deposits similar to the Nickel Plate mine, with secondary targets vein and/or stockwork deposits that are host to economic gold-silver-copper mineralization at the Banbury property. The four exploration targets that have been developed on the WP target area are based on the Hedley gold models. The induced polarization survey identified 77 exploration anomalies on the four target areas, and combined with geological, soil geochemical and magnetic and electromagnetic anomalies developed trenching and drilling targets.

Northpoint drill tested Targets 2, 3 and 4 with a ten hole core drilling program totalling 963.44 metres for Hedley-type gold mineralization. The drilling resulted in the discovery of a hydrothermal alteration zone (Camp Zone) containing significant silver-copper-gold mineralization. The silver-copper-gold mineralization at the Camp Zone was intersected in drill holes WP97-1 and WP97-2 and is associated with a steeply dipping, siliceous hydrothermal breccia system that has a width ranging from 30 to 50 metres. Potentially economic grades of silver and copper were encountered as evidenced from the drill hole samples, as well as anomalous pathfinder values in gold, arsenic, molybdenum, lead, zinc, bismuth, cobalt and antimony. Significant drill intersections include 803 grams per tonne silver across 3.04 metres (sludge sample, 98.48 -101.52 metres) in drill hole WP97-1 and 312 grams per tonne silver across 3.05 metres (sludge sample, 63.11-66.16 metres) in drill hole WP97-2.

During 2009 and 2011, detailed soil geochemical surveys were conducted north of the drill holes. This survey delineated coincidental silver-copper-gold soil geochemical anomalies that may represent the strike of the silver-copper mineralization intersected in the drill holes.

The 2012 exploration program will initially focus on extending the soil geochemical sampling north and south of the Camp Zone with follow-up testing of the zone with trenching and core drilling.

Technical material in this news release has been prepared and/or reviewed by Mr. Grant F. Crooker, P.Geo., an independent Qualified Person as defined in NI43-101.