International Wayside Gold Mines Ltd. has filed a National Instrument 43-101 technical report prepared by Jarrod Brown, MSc, PGeo, and Dr. Jim Yin, PhD, PGeo, on Wayside’s 276.7-square-kilometre land package recently acquired from Golden Cariboo Resources, at the Cariboo gold project near Wells, B.C. The full report is available for download on the company’s website.

The 2000 to 2008 exploration programs discussed in the report confirmed the widespread presence of quartz vein and pyrite replacement styles of gold mineralization on the land package. The numerous anomalies and occasional high-grade values encountered in the exploration programs verify the conviction that the land package has potential to host well-mineralized gold orebodies, possibly of economic grade.

The report recommends a 2009 exploration program on G property consisting of 1,829 metres (6,000 feet) of diamond drilling with a proposed budget of $420,250. A two-phase exploration program in 2009 is recommended for the Warspite property on Mount Proserpine. Phase I consists of an SP survey within the previously selected prospect area in 2006. Phase II consists of trenching and 1,524 metres (5,000 feet) of diamond drilling to test the SP anomalies of phase I. The total budget for the 2009 exploration programs on the Warspite property is $373,500. The grand total proposed budget for the 2009 exploration programs on both G and Warspite properties on the land package is $793,750.

The company initiated operations in the Cariboo district in 1994 and since that time has focused on the exploration and development of its gold properties. Mineral tenures in the historic Cariboo goldfields encompass approximately 1,065 square kilometres (106,484 hectares) over a 60-kilometre-long-by-20-kilometre-wide belt. In the Barkerville gold camp, 101 creeks have reported placer gold production. Recorded gold production from the area totals more than 3.8 million ounces, including an estimated 2.64 million ounces from placer mining and 1.23 million ounces from lode mining.

Wayside is in the process of acquiring the QR mine and 900-tonne-per-day QR mill, which was fully operational until February, 2009 (now on care and maintenance). The QR mill is a CIP mill designed for an output of 70,000 ounces of gold per annum for that location. The mill is 110 kilometres by road from Wayside’s Cariboo gold project and proposed Bonanza Ledge mine.

The technical information in this news release has been reviewed and approved by chief geologist Dr. Yin, a qualified person as defined in National Instrument 43-101.

Murphy Lake property agreement amendment

The company, Ron McMillan and Ross Blusson have agreed to amend the terms of the mineral property option agreement dated Feb. 11, 2004, wherein Candorado was granted an option to acquire a 100-per-cent interest in two contiguous mineral claims comprising of 24 mineral claim units, located in the Cariboo mining division, collectively referred to as the Murphy Lake (Muir) property, for consideration of one million shares of Candorado subject to TSX Venture Exchange approval, saving the company from total costs of $625,000. The amended agreement still retains the 2-per-cent net smelter return royalty payable to Mr. McMillan and Mr. Blusson.

Non-flow-through private placement

The company has arranged a non-brokered private placement for up to one million units at a price of four cents per unit for total proceeds of up to $40,000. Each unit will consist of one common share plus one warrant entitling the investor to purchase one common share for a period of 24 months at a price of 10 cents per share.

The proceeds of this private placement will be used to finance the company’s continuing exploration commitments on its British Columbia properties and working capital.

Flow-through private placement

The company has arranged a non-brokered private placement of four million flow-through units at a price of five cents per flow-through unit for total proceeds of $200,000. Each flow-through unit will consist of one flow-through common share plus one share purchase warrant entitling the investor to purchase one non-flow-through common share for a period of 24 months at a price of 10 cents per share.

The proceeds of this private placement will be used to finance the company’s continuing exploration commitments on its B.C. properties.

The company granted to the underwriters an overallotment option to purchase up to an additional 2,068,965 common shares at the offering price. The underwriters elected to exercise the overallotment option in full for the closing, resulting in total gross proceeds to the company of $23-million.

The net proceeds from the offering are intended to be used for discharge of accounts payable and general working capital.

The share purchase warrants contain an acceleration clause that requires the exercise of the warrants within 30 days of notification in the event Dajin’s shares trade at 30 cents or more for a period of 20 consecutive days.

The proceeds from the private placement will be used to explore Dajin’s properties in the Cariboo mining district in south-central British Columbia.