For $4.1 Million Private Placement to Cliffs Natural Resources Inc.

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MONTREAL, QUEBEC--(Marketwire - Nov. 25, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR) announces that it has obtained approval from the TSX Venture Exchange for its previously-announced private placement to Cliffs Natural Resources Inc. (NYSE:CLF)(PARIS:CLF). Freewest will issue 6,908,440 common shares to Cliffs at a price of $0.60 per share, for proceeds to Freewest of $4,145,064.


The private placement is scheduled to close on Monday, November 30. The approval from the TSX Venture Exchange is subject to standard conditions.


The proceeds from the private placement will be used by Freewest for working capital purposes and for continuing work on Freewest's 100%-owned McFaulds property. Following the private placement, Cliffs will indirectly hold 21,658,440 Freewest shares, representing approximately 9.73% of the 222,533,479 shares that will be issued and outstanding.


Freewest's Board of Directors reminds shareholders that the Board continues to recommend that shareholders REJECT the hostile take-over bid made by Noront Resources Ltd. on October 13, 2009 and NOT tender their shares to the Noront offer, which will expire on December 1, 2009. The Board of Directors unanimously supports the proposed plan of arrangement with Cliffs Natural Resources Inc., announced by Freewest on November 23. A special meeting of Freewest shareholders to vote on the proposed transaction with Cliffs is expected to be held in January 2010.


About Freewest


Freewest is a mineral exploration company actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at


Georgeson Inc. is acting as Freewest's solicitation agent in connection with the transaction with Cliffs Natural Resources Inc. Georgeson may be contacted as follows:



Georgeson Inc.
100 University Avenue
11th Floor, South Tower
Toronto, Ontario
M5J 2Y1

North American Toll Free Number: 1-866-433-7579
Banks and Brokers Collect Number: 1-212-806-6859