WSR-Metalex-Arctic Star Joint Venture Intersects 131.9 Meters of Semi-Massive to Near-Massive Sulphides in Hole 5.01-09, Under H

WSR Gold Inc. (TSX VENTURE:WSR), Metalex Ventures Ltd. (TSX VENTURE:MTX)
("Metalex"), and Arctic Star Diamond Corp.'s (TSX VENTURE:ADD) ("Arctic Star")
Joint Venture Project along the Ring of Fire, 45 kilometers North of Noront
Resources Limited's ("Noront") Eagle One Discovery encountered another
significant width of Volcanic Derived Sulphides (VDS) mineralization in hole
number 5.01-09. The property consisting of 160 acres is under option by WSR,
whereby WSR can earn up to a 50% interest in the property. Within the option
agreement covering approximately 21,400 hectares, there are numerous other high
priority targets throughout the area.


To date, on the 5.01 discovery 10 holes have been completed totalling 1,903.5
meters. Hole 5.01-06, reported in a previous press release dated June 4, 2008 on
Section 1+50 East was followed by three additional holes on the same section.
Hole 5.01-10 was a 50 meter step out east of 5.01-09 on Section 2+00 East. The
zone dips steeply north below the Precambrian surface which is overlain by
approximately 15 - 20 meters of gravel and Paleozoic sedimentary cover. The VDS
mineralization has been delineated thus far on sections 1+00 East and 1+50 East
(50 meters apart) down to a vertical depth of 200 meters. On a 3rd section (2+00
East) the first hole completed (5.10-10) failed to intersect the zone at its
targeted vertical depth of 150 meters.


Hole number 5.01-07 was drilled in a southeasterly direction to check for a
north easterly - south westerly strike direction and encountered only minor iron
sulphide mineralization.


Hole number 5.01-08 drilled southerly, across the assumed east - west strike
direction encountered only sparse mineralization at shallow depths over the top
of the main mineralization.


Hole number 5.01-09 drilled southerly, 50 meters down dip below hole 5.01-08
encountered the main zone from 103.5 meters to 235.4 meters (131.9 meters in
total) in the drill hole and is similar in visible sulphide content to Hole
number 5.01-06.


Hole number 5.01-10, a 50 meter step out to the east of hole 5.01-09 and along
strike intersected only minor sulphides.


Hole number 5.01-11 currently drilling is designed to test for the main
mineralization down the steep easterly plunge, 50 meters below hole 5.01-10 on
the same north - south cross section (2+00 East).


The following table summarizes the recent drilling on 5.01 with significant
visual sulphide mineralization:




----------------------------------------------------------------------------
            Location                Hole Mineralization               Visual
-------------------------------------------------------------    Description
Hole No  E.ing  N.ing  Dip   Az   EoH    From      To   Width             of
------------------------------------------------------------- Mineralization
                                       meters  meters  meters
----------------------------------------------------------------------------
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                       Minor
5.01-07  1+50E  0+50N  -45  135 165.0    52.4   118.5    66.1 iron sulphides
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                       Minor
5.01-08  1+50E  0+50N  -45  180 140.2    25.9    35.4     9.5 iron sulphides
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                 Minor iron,
                                                                      copper
5.01-09  1+50E  0+00N  -60  180 249.7    42.0   103.5    61.5      sulphides
----------------------------------------------------------------------------
                                                               Semi-massive,
                                                               iron, copper,
                                        103.5   154.0    50.5 zinc sulphides
----------------------------------------------------------------------------
                                                               Iron, copper,
                                        154.0   183.8    29.8 zinc sulphides
----------------------------------------------------------------------------
                                                                Semi-massive
                                                               iron, copper,
                                        183.8   201.2    17.4 zinc sulphides
----------------------------------------------------------------------------
                                                                Near-massive
                                                                iron, copper
                                        201.2   235.4    34.2      sulphides
----------------------------------------------------------------------------

----------------------------------------------------------------------------
                                                                       Minor
5.01-10  2+00E  0+50N  -65  180 280.5   131.7   235.1    93.4 iron sulphides
----------------------------------------------------------------------------



The anomaly 5.01 Project is managed and operated by Metalex for the Joint
Venture partners under supervision of Dr. Charles Fipke, Chairman of Metalex.
Dr. Fipke and John Harvey, P.Eng, a consulting geologist for WSR, prepared this
release.


WSR believes that the recent drill hole results, with the presence of visible
copper, zinc and lead sulphides being observed on site by the project's
geologist are very encouraging and could be of significant importance to the
Joint Venture Partners if the assay results pending are favourable.
Notwithstanding the foregoing, visible observations are estimates only and
pending assay results may not confirm visual observations in whole or in part.
The widths given above are core widths only and do not represent true widths
which cannot be determined at this time.


John Archibald, P.Eng. and a Qualified Person, has reviewed the drill core and
confirms the visual descriptions described herein. Assay results are pending for
all holes completed to date.


About WSR

WSR is a Canadian based mineral exploration company with extensive property
holdings strategically located on and around the nickel/copper "Ring of Fire" in
northern Ontario near James Bay.


WSR has entered into an agreement with Metalex Arctic Star whereby WSR has the
right to fund a maximum of $20.0 million in expenditures on the James Bay
Properties Property over a 4 year period to earn a maximum 50% interest. The
James Bay Properties comprise approximately 214.4 square kilometers (52,980
acres) (see press release dated March 26, 2008).


WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an option
agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press release dated
November 1, 2007). The area will include 15 Claim Blocks, approximately 4,400
hectares (9,600 acres) in the Ring of Fire, McFauld's Lake, Ontario near
Noront's prolific nickel copper and platinum group metals discovery.


WSR has agreed to acquire a 75% interest in the Big Mac Property from MacDonald
Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 Claim Blocks,
approximately 27,660 acres (see press release dated February 15, 2008).


WSR and Noront have agreed to earn a 35% interest each in the Luc Bourdon
Prospect from Golden Valley Mines Ltd. (TSX VENTURE:GZZ) consisting of
approximately 9,000 hectares (see press release dated June 6, 2008). The Luc
Bourdon Prospect surrounds the recently announced Volcanic Derived Sulphide
(VDS) Mineralization by Metalex and WSR to the north, east and south.


Forward looking statements: Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
WSR, including but not limited to the impact of general economic conditions,
industry conditions, volatility of commodity prices, risks associated with the
uncertainty of resource and reserve estimates, currency fluctuations, dependence
upon regulatory approvals, the unavailability of future financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, 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.


Shares Outstanding: 112,085,708