Thanks everone for the kind words. Here is the April 25th NR that I will post on the hub when I have the ability. Interesting to note that two of the biggest players - PNP and Sprott are in again. WSR's current cash position appears to be a whopping $14M.

NEWS RELEASE TRANSMITTED BY MARKETWIRE

FOR: WSR Gold Inc.

TSX VENTURE SYMBOL: WSR

April 25, 2008

WSR Gold Inc. Announces Closing of $9 Million Guaranteed Private Placement

Financing

TORONTO, ONTARIO--(Marketwire - April 25, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

WSR Gold Inc. (TSX VENTURE:WSR) ("WSR") is pleased to announce that it has

closed its previously announced brokered private placement of units ("Units")

and flow-through units ("FT Units") to raise gross proceeds of $9,000,000. In

connection with the financing, WSR issued an aggregate of 11,000,000 Units and

5,833,331 FT Units. Each Unit was issued at a price of $0.50 per Unit, and

consisted of one common share of WSR and one-half of one common share purchase

warrant (each whole such warrant, a "Warrant"). Each FT Unit was issued at a

price of $0.60 per FT Unit, consisted of one "flow-through" common share of WSR

and one-half of one Warrant. Each whole Warrant shall entitle the holder

thereof to acquire one additional common share of WSR at an exercise price of

$0.65 per share for a period of 24 months from the date of issuance thereof.

The offering was largely purchased by institutional investors, including

Rosseau Asset Management, Pinetree Capital Ltd., Sprott Asset Management; and

Northfield Capital Corp.

Primary Capital Inc. and PowerOne Capital Markets Limited acted as agents in

connection with the offering, pursuant to which they received an aggregate cash

commission of 6.5% of the gross proceeds raised in the offering, as well as an

aggregate of 1,094,166 compensation warrants ("Compensation Warrants"). Each

Compensation Warrant is exercisable to acquire one Unit at an exercise price of

$0.50 for a period of two years following the date of issuance thereof.

All securities issued in connection with the private placement are subject to a

statutory hold period expiring August 25, 2008. The private placement remains

subject to the final approval of the TSX Venture Exchange.

WSR's current cash position is approximately $14 million. These funds are to be

used to aggressively explore WSR's substantial holdings (see map below) in the

Ring of Fire, James Bay Lowlands, Ontario, Canada.

About WSR

WSR is a Canadian based mineral exploration company with extensive property

holdings strategically located on and around the nickel/copper "Ring of Fire"

in northern Ontario near James Bay.

WSR can earn a 50% interest in the McFauld's Lake Property pursuant to an

option agreement with Noront Resources Ltd. (TSX VENTURE:NOT) (see press

release dated November 1, 2007). The area covers 15 claim blocks comprising

approximately 4,400 hectares (9,600 acres) in the Ring of Fire, McFauld's Lake,

Ontario, near Noront's prolific nickel, copper and platinum group metals

discovery.

WSR has the right to acquire a 75% interest in the Big Mac property from

MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) consisting of 51 claim

blocks comprising approximately 27,660 acres (see press release dated February

15, 2008).

WSR has also entered into an agreement with Metalex Ventures Ltd. (TSX

VENTURE:MTX) and Arctic Star Diamond Corp. where by WSR has the right to fund

up to $20,000,000 in exploration expenditures on James Bay Lowlands Properties

over a 4 year period to earn a maximum 50% interest in such properties, subject

to the approval of the TSX Venture Exchange. The James Bay Lowlands Properties

comprise approximately 214.4 square kilometers (52,980 acres) (see press

release dated March 26, 2008).

The common shares of WSR trade on the TSX Venture Exchange under the symbol

"WSR".

Forward Looking Statements - Certain information set forth in this news release

may contain forward-looking statements that involve substantial known and

unknown risks and uncertainties. These forward-looking statements are subject

to numerous risks and uncertainties, certain of which are beyond the control of

WSR, including, but not limited to the impact of general economic conditions,

industry conditions, volatility of commodity prices, risks associated with the

uncertainty of resource and reserve estimates, currency fluctuations,

dependence upon regulatory approvals, the availability of future financing and

exploration risk. Readers are cautioned that the assumptions used in the

preparation of such information, although considered reasonable at the time of

preparation, may prove to be imprecise and, as such, undue reliance should not

be placed on forward-looking statements.

To view a map of "James Bay Lowlands Property Holdings", please visit the link

below:

http://media3.marketwire.com/docs/ws...