GWR Closes Further $44,256 Tranches of Private Placements

TSX Venture: GWQ

ARMSTRONG, BC, Jan. 11 /CNW/ - Further to the Company's recent announcements about closing $719,637 of its $750,000 private placement and closing a $363,256 private placement with the Mineralfields Group, the Company is pleased to announce that it has now closed an additional $27,780 of its $750,000 private placement and the initial $16,476 of its $200,000 private placement. In closing these latest tranches, the Company issued 368,802 common shares and 368,802 warrants on terms previously announced. Applicable hold periods expire at midnight on either May 1, 2010 (271,500 shares) or May 9, 2010 (97,302 shares).

The total gross amount raised by these collective financings is $1,127,149 .

Four of the Company's directors and officers participated in these private placements for an aggregate of $192,000 .

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.

For further information: Responsible Officer: Harley Sinclair, Executive Vice President, Telephone Number: [phone]