International Wayside Files Three NI43-101 Technical Reports

  International Wayside Gold Mines Ltd. ("Wayside", the "Company") (TSX VENTURE: WYG)(FRANKFURT: IWUB) wishes to report that the Company has filed three separate National Instrument 43-101 Technical Reports (NI 43-101 reports) in the last quarter of 2009 on the Company's properties within the Cariboo Gold Project area. The reports are available on SEDAR and also on the Company's website. The reports discuss: 1) The property north of Barkerville Historic Town including that which was acquired by the Company from Island Mountain Gold Mines Ltd., 2) The Company's recently purchased property south of Barkerville Historic Town, formerly owned by Golden Cariboo Resources Ltd., and 3) The Pre-Feasibility Study (PFS) for the proposed open pit mine at Bonanza Ledge on Barkerville Mountain.

Cariboo Gold Project

On December 18th, 2009, the Company filed a NI 43-101 report on the Cariboo Gold Project compiling exploration activities from 2006 to 2008, authored by Jarrod Brown, M.Sc., P.Geo. The Report concentrates on drilling activities, peripheral to the Bonanza Ledge proposed open pit mine, at the Mucho Oro and Goldfinch zones and drilling on the proposed open pit on Cow Mountain, located approximately 2.5 km northwest of Bonanza Ledge's proposed open pit mine on Barkerville Mountain. The report highlights the Company's drilling successes to date and recommends further drill programs.

Golden Cariboo

On December 15th, 2009, the Company filed a NI 43-101 report on the mineral tenure south of Barkerville Historic Town, acquired from Golden Cariboo Resources Ltd. The report covers exploration activity between 2000-2008. The report's authors, Jarrod Brown M.Sc., P.Geo, and Jim Yin Ph.D. P.Geo, suggest "considering the large area of the land package, previous exploration programs provided only limited information of gold mineralization in the region. A greater density of geophysics, geological mapping, trenching and drilling is required to have a better understanding of the mineralization on the land package. It is the author's opinion that explorations to date have shown that the land package has the potential to host economically feasible mineral deposits."

Bonanza Ledge

On October 23rd, 2009, the Company filed a NI 43-101 PFS on its Bonanza Ledge proposed open pit gold deposit authored by EBA Engineering Consultants Ltd. and several independent professionals and consultants. This PFS shows that "the identified Mineral Resources are economic using the assumptions described and can be classed as Mineral Reserves." A total of 328 thousand tonnes of ore at an average grade of 0.264 oz/ton Au (9.05 g/T) will be mined from the deposit over four years. Most encouragingly, the report states that the mineral beneficiation processes at the QR Mill appear to be compatible with the ore from Bonanza Ledge. Cyanidation tests have returned positive results with high recoveries. The Company is currently in the final stages of the permitting process and, once complete, will truck Bonanza Ledge ore to the 900 tonne per day QR Mill to be batch milled.

Since the PFS was published, 18 additional diamond drill holes have been completed on the Bonanza Ledge proposed open pit mine site. The drill hole plan was designed by Mintec, Inc of Tucson, Arizona. These additional holes are expected to increase the mineable resource.

About International Wayside Gold Mines

The Company has been developing its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The Company commenced operations in the Cariboo District in 1994 and since that time has focused on the exploration and development of its gold properties. The Company's mineral tenures in the Historic Barkerville Gold Camp encompass approximately 1,065 square km (106,484 hectares) over a 60km by 20km wide belt. In the Historic Barkerville Gold Camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining. On December 16, 2009, the Company entered into an agreement by which it will acquire the QR Mine and Mill, 110km by road from its Bonanza Ledge proposed open pit gold deposit.

The technical information in this News Release has been reviewed and approved by Chief Geologist Jim Yin, PhD, P.Geo, a qualified person as defined in National Instrument 43-101.

On Behalf of the Board of Directors

J. Frank Callaghan, President & CEO

This news release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

Contacts: International Wayside Gold Mines Ltd. Andrew H. Rees Director 604 669-6463 or 1-800-663-9688 www.wayside-gold.com