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Western Signs Agreement With the Owners of the Gold Basin Placer Mine

Posted on: Wednesday, 23 January 2008, 18:00 CST

Western Sierra Mining (Pink Sheets: WSRA) announced today that it had signed an agreement to Joint Venture the development of the Gold Basin Placer Mine with the owners of the property.

The project is divided into two phases. Phase 1 will improve the current infrastructure and return the mine site to small scale production. Phase 2 will scale up the mine site to a commercially viable gold recovery operation.

Phase 1 is scheduled for completion by the end of March 2008 and Phase 2 completion date is scheduled prior to the end of the 2nd quarter 2008.

Under the terms of the agreement, Western will fund both phases of the project with an option to acquire the entire property at the end of Phase 1.

The property has estimated reserves of in excess of 200,000 ounces gold, and is fully permitted with sufficient and current infrastructure to support Phase 1 operation.

Safe Harbor Statement: Except for the historical statements made herein, the statements made in this release are forward-looking statements. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, metals pricing, permitting and environmental issues, political and other business risks. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risks and other factors detailed in the Company's reports filed with the Securities and Exchange Commission. Western Sierra Mining undertakes no duty to update these forward-looking statements.

Source: Business Wire

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