TORONTO, ONTARIO, Dec 16, 2008 (MARKET WIRE via COMTEX) ----The board of directors of WSR Gold Inc. (TSX VENTURE: WSR) ("WSR" or the "Company") is pleased to announce that at the special meeting of shareholders of WSR held on December 16, 2008, the requisite shareholder approval was received to consolidate the common shares of the Company on the basis of one (1) "new" common share for ten (10) "old" common shares, and to change the name of the Company to "White Pine Resources Inc."

There are currently outstanding approximately 113.1 million common shares. Following the proposed share consolidation, the number of common shares outstanding will be reduced to approximately 11.3 million. WSR believes that a reduced number of shares will have numerous benefits, including facilitating corporate finance transactions. WSR is also proposing to change its name to better reflect its current and ongoing exploration plans. Further details of each of the proposed share consolidation and name change are set out in the management information circular of the Company dated November 14, 2008 and available on SEDAR at www.sedar.com.

WSR currently plans to file articles of amendment on December 18, 2008 to give effect to both the name change and share consolidation. It is anticipated that the common shares of the Company will also commence trading on the TSX Venture Exchange on December 18, 2008 giving effect to the share consolidation and name change, under the new trading symbol "WPR". The share consolidation and name change remain subject to the final approval of the TSX Venture Exchange.