VANCOUVER, BRITISH COLUMBIA--(Marketwire -
Jan. 20, 2010) - International Wayside Gold Mines Ltd.
("Wayside", the "Company") (TSX VENTURE:WYG)(FRANKFURT:IWUB) announced today that effective Thursday,
January 21, 2010, the Company will change its name to Barkerville Gold Mines
Ltd. The Company's shares will trade under the stock symbol "BGM" on the
TSX Venture Exchange.
J. Frank Callaghan,
President and CEO, states, "The new name is reflective of the rich history of
gold production in the area and the evolution of the Company as it moves
towards production. The Company is entering a new era and the Board of
Directors felt that a new name would better represent the Company."
Barkerville Gold
Mines Ltd. is the result of the amalgamation of the assets of four public
companies, including the recently announced agreement to purchase the QR Mine
and Mill. As announced on January 11, 2010, a Permit to Mine has been granted
for the West Zone at the QR Mine, with mining operations scheduled to commence
in February of 2010, upon closing of the acquisition.
About International
Wayside Gold Mines
The Company has been
developing its Cariboo Gold Project near Barkerville, B.C., which encompasses
(from northwest to south east) the former producing Hardscrabble Tungsten Mine,
Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island
Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the
Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine. The
Company commenced operations in the Cariboo District in 1994 and has focused on
the exploration and development of its gold properties. The Company's mineral
tenure in the historic Barkerville Gold Camp encompasses approximately 1,065
square km (106,484 hectares) over a 60km by 20km wide belt, where 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. On December
16, 2009, the Company entered into an agreement by which it will acquire the QR
Mine and Mill, 110km by road from its proposed Bonanza Ledge open pit gold
mine.
On Behalf of the
Board of Directors
J.
Frank Callaghan, President
Neither 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.