WTM VESTS 51% INTEREST IN ALLERSTON GOLD PROPERTY, TIMMINS, ONTARIO
and DELIVERS JOINT VENTURE NOTICE
(Vancouver, November 24, 2008) West Timmins Mining Inc. (TSX: WTM) (the "Company") announced today that it has delivered notice to Explorers Alliance Corporation ("Explorers"), a privately held company, that it has fulfilled its obligations under the First Option of the Allerston Property Agreement and has now vested its initial 51% interest in the Allerston Gold Property, located in Timmins, Ontario. The Allerston Gold Property forms part of WTM's 114 square kilometre West Timmins Gold Project and is centred 5.0 kilometres north of WTM's Thunder Creek joint venture which hosts the high-grade Rusk gold discovery.
Exploration work by WTM and previous operators have confirmed the presence of a broad gold mineralized deformation zone extending for over 4.50 kilometres across the Allerston Property. Individual drill intercepts ranging from just above detection values to a high of 38.27 g/t gold over 0.50 metres have been returned from this system in limited, shallow drilling completed to date.
In conjunction with delivery of the First Option vesting notice, WTM delivered Joint Venture Notice to Explorers. A 51% WTM/49% Explorers joint venture, with WTM as operator, will now be formed to fund future exploration and development of the Allerston Gold Property, henceforth the Allerston Joint Venture.
WTM has also delivered a cash call to Explorers, in the amount of $238,500, which represents Explorers 49% share of advanced exploration contributions to the joint venture. Explorers will have 60 days to meet the cash call or suffer dilution of its interest under the terms of the Allerston Property Agreement.
Mr. Darin Wagner (M.Sc., P. Geo.), the President and CEO of the Company, is the non-independent qualified person under NI43-101 for this release.
About West Timmins Mining Inc. (www.westtimminsmining.com):
WTM is focussed on the exploration and development of district-scale gold projects in the major gold camps of North America. The Company and joint venture partner Lake Shore Gold are in the midst of a 22,000 metre drill program targeting the recently discovered high-grade Rusk Gold Zone on its Thunder Creek JV Property in Timmins, Ontario. WTM also has five exploration projects in Mexico, highlighted by the Monta�a de Oro Project and the nearby high-grade Lluvia de Oro Gold-Silver Project in Chihuahua, Mexico. West Timmins Mining is based in Vancouver, British Columbia, Canada and trades on the Toronto Stock Exchange under the symbol WTM.
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On behalf of the Board of West Timmins Mining Inc.
"Darin W. Wagner"
Darin W. Wagner President and Chief Executive Officer
For further information contact: Mr. John Toporowski, Manager, Investor Relations West Timmins Mining Inc., Vancouver Tel: (604) 685-8311 / Toll Free: (866) 685-8311 E-mail: jtoporowski@westtimminsmining.com Or info@westtimminsmining.com
The TSX has not reviewed and does not accept responsibility for the accuracy or adequacy of this news release, which has been prepared by management.
For further details on West Timmins Mining Inc. please refer to prior disclosure at www.sedar.com. The securities described in this press release have not been and will not be registered under the United States Securities Act of 1933, as amended, or under any U.S. state securities laws, and such securities may not be offered or sold in the United States absent an exemption from such registration requirements.
This press release contains forward looking statements within the meaning of applicable Canadian and U.S. securities regulation, including statements regarding the future activities of the Company. Forward looking statements reflect the current beliefs and expectations of management and are identified by the use of words including "will", "expected to", "plans", "planned" and other similar words. Actual results may differ significantly. The achievement of the results expressed in forward looking statements is subject to a number of risks, including those described in the Company's annual information form as filed with the Canadian securities regulators which are available at www.sedar.com. Investors are cautioned not to place undue reliance upon forward looking statements.
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