GWR Resources Arranges $3,000,000 Private Placement

TSX Venture Symbol: GWQ – The Company is pleased to announce that it has arranged a $3,000,000 private placement at a price of $1.10 per unit. The investors are through MineralFields Group (a division of Pathway Asset Management). This private placement is subject to final documentation, TSX Venture Exchange approval, and closing.

Each unit will consist of one “flow-through” common share plus one warrant entitling the investor to purchase one non “flow-through” common share for a period of 24 months at a price of $2.50 per share.

Limited Market Dealer Inc. will receive a 4% cash finder’s fee as well as options equal to 9% of the purchased units. Each option will be exercisable for two years at a price of $1.10 for one unit with the same terms as above.

The proceeds of this private placement will be used to fund the Company’s ongoing exploration program on the Company’s property near Lac La Hache, B.C.

MineralFields Group (a division of Pathway Asset Management) is a Toronto-based mining fund with significant assets under administration that offers its tax-advantaged super flow-through limited partnerships to investors throughout Canada during most of the calendar year, as well as hard-dollar limited partnerships to investors throughout the world. Information about MineralFields Group is available at www.mineralfields.com
For further information

GWR RESOURCES INC.: 5230 Lansdowne Road, Armstrong, British Columbia, V0E 1B4, Telephone: (250) 546-8048