International Wayside Gold Mines Ltd.: Mining Permit and Pre-Feasibility Received for the QR Mine-Mining Scheduled to Begin Feb

  International Wayside Gold Mines Ltd. ("Wayside", the "Company") (TSX VENTURE: WYG)(FRANKFURT: IWUB) wishes to report that they have been advised by 0373849 B.C. Ltd. (formerly Cross Lake Minerals Ltd.) that the Permit to Mine has been granted to 0847423 B.C. Ltd. ("QR Subco") for the West Zone at the QR Mine. In addition, a Pre-Feasibility Study (PFS), NI 43-101 compliant of the West Zone at QR Mine and Mill has been delivered.

The QR Mine PFS, dated December 14, 2009, was carried out by EBA Engineering Consultants Ltd. and several independent professionals and consultants. This updated PFS states, "a positive economic benefit at current gold prices to justify potentially reopening the QR Mine and Mill. Based on the constraints of this study, EBA Engineering believes that this project is economically viable." The PFS also recommends, "/given the current rise in gold prices and the positive economic analysis on the QR Project, development and production is recommended based on this study". A copy of this PFS has been filed by 0373849 BC Ltd. on SEDAR and it will also be available for viewing in Wayside's filings upon completion of the QR Mine and Mill acquisition.

With the receipt of the Mining Permit and a positive PFS, the commencement of mining is scheduled to begin at the QR Mine in February 2010 - initially stockpiling ore ahead of recommencing milling operations at the 900 tonne/day QR Mill. On December 16, 2009, the Company announced it had entered into an agreement to purchase the QR Subco which holds the QR Mine and Mill and all related assets from 0373849 BC Ltd. (see News Release 09-36) The acquisition is scheduled to complete on or before February 1, 2010, subject to the execution of definitive agreements and the approval of the TSX Venture Exchange.

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 Behalf of the Board of Directors

J. Frank Callaghan, President

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.

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.

Contacts: International Wayside Gold Mines Ltd. Andrew H. Rees Director 604 669-6463 or 1-800-663-9688 604 669-3041 (FAX) www.wayside-gold.com