MOSS LAKE GOLD MINES LTD. ANNOUNCES $2,000,000 LOAN FROM WESDOME GOLD MINES LTD. AND ISSUANCE OF NOTE

TORONTO, April 29 /CNW/ -- 
/NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S.
 NEWSWIRE SERVICES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES
 DESCRIBED HEREIN./


TORONTO, April 29 /CNW/ - Moss Lake Gold Mines Ltd. ("Moss Lake") is pleased to announce that it has obtained a $2,000,000 loan (the "Loan") from Wesdome Gold Mines Ltd. ("Wesdome") as was originally announced by press release on April 25, 2011.  In
 consideration therefor, Moss Lake issued to Wesdome a convertible
 unsecured promissory note having a two year term and bearing interest
 at a rate of 8% per annum (the "Note").  The principal amount of the Note is to be convertible into common
 shares in the capital of Moss Lake (each a "Moss Lake Share" or a "Share") at $0.50 per Share.  The Note remains subject to regulatory approval,
 including the approval of the TSX Venture Exchange (the "TSXV").


At present, Wesdome owns approximately 57.5% of the issued and
 outstanding Moss Lake Shares and Wesdome and Moss Lake have certain
 directors and officers in common.  If Wesdome converts the principal
 amount of the Note into Moss Lake Shares, Wesdome will acquire an
 additional 4,000,000 Moss Lake Shares (or an additional 3.36% of the issued and outstanding
 Moss Lake Shares as at today's date).  Moss Lake is currently indebted
 to Wesdome in the amount of approximately $334,000.


Moss Lake intends to use the proceeds of the Loan to develop its Moss
 Lake property and for working capital and general administrative
 purposes.


In accordance with National Instrument 45-102 - Resale of Securities and Policy 3.2 of the TSXV Corporate Finance Manual, the Note and the
 Moss Lake Shares issuable upon conversion of all or any part of the
 Note are subject to a four month hold period expiring on August 30,
 2011.


The Moss Lake Shares trade on the TSXV under the symbol "MOK".  Moss
 Lake currently has 46,434,679 Shares issued and outstanding.


Neither the TSXV nor its Regulation Services Provider (as that term is
 defined in the policies of the TSXV) accepts responsibility for the
 adequacy or accuracy of this press release.


Except for statements of historical fact contained herein, the
 information in this press release may constitute "forward-looking
 information" within the meaning of Canadian securities law. Other than
 statements of historical fact, all statements are "forward-looking
 statements", including, without limitation, the use of proceeds of the
 Loan, that involve various known and unknown risks and uncertainties
 and other factors, such as market conditions. There can be no assurance
 that such statements will prove accurate. Results and future events
 could differ materially from those anticipated in such statements.
 Readers of this press release are cautioned not to place undue reliance
 on these "forward-looking statements". Except as otherwise required by
 applicable securities statutes or regulation, Moss Lake expressly
 disclaims any intent or obligation to update publicly forward-looking
 information, whether as a result of new information, future events or
 otherwise.


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p George Mannard, P.Geo. - Presidentbr/ 8 King Street East, Suite 1305br/ Toronto, ON M5C 1B5br/ Toll Free: 1-866-4-WDO-TSXbr/ Phone: [phone], Fax: [phone]br/ Email: a href="mailto:[e-mail]"[e-mail]/a, Website: a cr="true" href="http://www.mosslakegold.com"www.mosslakegold.com/a /p 

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