Williams Creek Gold Limited Releases Q2 Financial Statements and Management's Discussion and Analysis

Williams Creek Gold Limited ("Williams Creek," or the "Company") (TSX
VENTURE:WCX) is pleased to announce the release of its unaudited Financial
Statements as well as its Management's Discussion and Analysis for the second
quarter ended July 31, 2012. These financial statements have been prepared in
accordance with the International Financial Reporting Standards (IFRS).


For the second quarter, the Company is reporting a net loss of $322,889 compared
to a net loss of $21,386 in the prior year's quarter. The Company recorded a net
loss of $577,280 for the first six months of fiscal 2013, compared to a net loss
of $171,274 in the prior year's period. The increase in the loss relates to the
unrealized loss on investments of $192,764 over the six months of fiscal 2013,
compared to a $44,177 gain in the preceding period of fiscal 2011. The Company
ended the quarter with $1.7 million in cash and cash equivalents, and continues
to hold a strong balance sheet with $8.7 million in assets and $90,961 in
liabilities. 


The Company incurred $365,109 in exploration expenditures over the first six
months, and remains focused on completing the evaluation of its British Columbia
properties. The Company is also committed to fulfilling the terms of its Joint
Venture agreement with Tyhee Gold Corp. to earn a 50% interest in the Big Sky
Property. The Company incurred $121,229 in exploration expenditures on its Big
Sky joint venture in the second quarter. Exploration activities on Big Sky
continued through September.


Fiscal 2013 Highlights:



--  The Company announced positive results from its geological
    reconnaissance and sampling program at the Big Sky property (News
    Release WCX12-11, September 18, 2012). The Company incurred $121,299 in
    exploration expenditures on the Big Sky Property in the second quarter. 

--  Williams Creek completed a Phase I trenching program on the Pine
    Property (News Release WCX12-10, August 28, 2012). The Company incurred
    $22,500 on exploration on the Pine Property in the quarter.

--  The Company commenced a soil sampling program on its 100% owned Ahbau
    Lake Property. Williams Creek acquired a 100% interest in the Ahbau
    Creek and Chubby Bear Properties in the B.C. Central Interior from New
    Gold Inc. for $40,000 cash and incurred $45,759 in exploration
    expenditures on these properties during the quarter (News Releases
    WCX12-03, March 7, 2012 and WCX12-07, June 12, 2012).

--  Two remote sensing satellite surveys were conducted on the Ahbau Creek
    and Chubby Bear Properties acquired from New Gold Inc. (News Releases
    WCX12-03, March 7, 2012 and WCX12-07, June 12, 2012). A remote sensing
    satellite survey was also completed on the Big Sky Property (News
    Release WCX12-06, May 31, 2012).

--  Williams Creek began follow up exploration and due diligence on several
    projects in the United States, with the emphasis on joint ventures or
    partnerships on mid- to late-stage prospects, primarily in Nevada (News
    Release WCX12-08, June 20, 2012).



"Williams Creek is pleased with the second quarter exploration progress on its
Big Sky and Ahbau Lake Projects," stated Chairman and CEO Michael R.
Sonnenreich. "With these ongoing projects, as well as additional work started on
Ahbau Creek and Chubby Bear in August, we expect the next quarter to be equally
promising. The Company has also been actively seeking advanced to late-stage
exploration opportunities in the United States as a means of increasing
shareholder value."


The unaudited Financial Statements and Management's Discussion and Analysis
(MD&A) are available on the Company's website (www.williamscreek.ca) under
"Company Filings" and will be available shortly on Sedar (www.sedar.com).


(i)The above news release was originally disseminated on September 28, 2012, and
although it had mentioned documents (Q2 financial statements and MD&A), they
were inadvertently not released or filed on SEDAR on the corresponding date.
This re-release is to notify investors that these documents have now been filed
on SEDAR as of October 1, 2012. 


About Williams Creek Gold Limited (WCX)

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Gold Limited.

Williams Creek Gold Limited is a Canadian company with the primary purpose of
participating broadly in the natural resource sector, with an emphasis on the
gold subsector, through exploration, joint ventures or other equity investments,
royalty and finance agreements.


Williams Creek Gold Limited owns twenty-eight Crown Granted mineral claims known
as the Barkerville Project in the immediate vicinity of Barkerville, BC in the
Cariboo mining division. The Cariboo gold belt and the Barkerville Camp have a
long history of gold production dating back to the 1800s. Historically the
Barkerville Camp has reported gold production of 3.8 million ounces, including
2.6 million ounces from surface placer and 1.2 million ounces from lode mining.
When placer gold production peaked in the late 1890s, Williams Creek Gold's
Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District
Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among
the first acquired in the early search for lode gold.


Williams Creek Gold Limited also owns a block of four mineral claims 17km west
of Barkerville known as the Pine Properties. The Company has three Crown Granted
mineral claims in the Kamloops Mining Division, two of which are adjacent to New
Gold's New Afton project. Williams Creek Gold Limited also owns the Ahbau Creek,
Chubby Bear and Ahbau Lake claim groups in Central British Columbia, as well as
the BOPS claims in Nevada. 


Williams Creek Gold is earning a 50% interest through a joint venture with Tyhee
Gold Corp. in the Big Sky Property north of Yellowknife, NWT. 


Additionally, Williams Creek Gold Limited has a net 30% interest in the ATW
diamond property in the MacKenzie Mining District of the Northwest Territories.
Williams Creek also holds the BOPS Project consisting of 32 unpatented
lode-mining claims in Pershing County, Nevada.


On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

Williams Creek Gold Limited

This news release may contain forward-looking statements including management's
assessments of future plans and operations, and the anticipated timing of
meeting the terms of its joint venture agreement obligations. These statements
are based on current expectations that involve a number of risks and
uncertainties, which could cause actual results to differ materially from those
anticipated. These risks include, but are not limited to, the risks associated
with the mining and exploration industry (e.g. operational risks in development,
exploration and production; delays or changes in plans with respect to
exploration or development projects or capital expenditures), and the
uncertainty of the availability of capital. The assumptions used in the
preparation of such statements, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.