WestKam Announces Share Exchange Agreement

WestKam Gold Corp. (TSX VENTURE:WKG) ("WestKam" or the "Company") has entered
into a share exchange agreement with Global Resources Investments Ltd. ("GRIL"),
an arm's length party to the Company. 


GRIL has been established to exploit investment opportunities in the junior
mining and natural resources sectors worldwide, with an investment objective to
generate medium and long-term capital growth. GRIL will re-register as a public
company and be constituted as an investment trust with the name Global Resources
Investment Trust Plc ("GRIT") and seek admission of its ordinary shares on the
main market for listed securities on the London Stock Exchange.  


Pursuant to the share exchange agreement, GRIT will issue and deliver to WestKam
213,701 ordinary shares of GRIT at a deemed price of GBP 1.00 per share (the
"GRIT Shares") in exchange for the issuance of 7,000,000 units of WestKam at a
deemed price of GBP 0.031 (approximately $0.05) per unit. Each unit consists of
one common share and one common share purchase warrant exercisable at $0.05 per
share for a period of 5 years. The Company will, at its election, sell the GRIT
Shares through the facilities of the London Stock Exchange to realize proceeds
of the transaction. 


Closing of the transaction is subject to a number of conditions precedent,
including approval of the TSX Venture Exchange, and GRIT successfully listing on
the London Stock Exchange. 


ON BEHALF OF THE BOARD OF DIRECTORS:

Matt Wayrynen, President 



WestKam Gold Corp.                                                          
Suite 900, 570 Granville Street                                             
Vancouver, BC V6C 3P1                                                       



Forward looking statements:  Neither 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.
This release contains statements that are forward looking statements and are
subject to various risks and uncertainties concerning the specific factors
disclosed under the heading "Risk Factors" and elsewhere in the Company's
periodic filings with Canadian securities regulators. Such information contained
herein represents management's best judgment as of the date hereof based on
information currently available. The Company does not assume the obligation to
update any forward looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
WestKam Gold Corp.
John Ulmer
Investor Relations
[phone]
www.westkamgold.com