Win-Eldrich Mines To Complete $400,000 Private Placement

TORONTO, Nov. 19 /CNW/ -- 
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR
 DISSEMINATION IN THE UNITED STATES/


TORONTO, Nov. 19 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a mining exploration and development company, announces
 that it intends to conduct a non-brokered private placement financing
 for gross proceeds of up to CDN$400,000.


The private placement will consist of up to 1,333,333 Units issued at a
 price of $0.30 per Unit, with each Unit consisting of one common share
 and one-half of one common share purchase warrant. Each whole warrant
 will entitle the holder to purchase one additional common share at a
 price of $0.45 per share for a period of 12 months.  Win-Eldrich will
 have the right to accelerate the expiry date of the warrants if the
 closing price of its shares on the TSX Venture Exchange ("TSXV")
 exceeds $0.60 for a period of 30 consecutive days on which the TSXV is
 open for trading.


The proceeds from the offering will be used to fund further exploration
 and development of Win-Eldrich's Ashdown molybdenum deposit,
 exploration of the Ashdown gold deposit and for general working capital
 purposes.


Completion of the financing is subject to TSXV approval. All securities
 issued pursuant to the offering will be subject to a four month hold
 period from the date of issue.


NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER
 (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)
 ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.




pPerry Muller, President, Win-Eldrich Mines Limited, at [phone]/p

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