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International Wayside Gold Mines Ltd.: Non-Brokered Private Placement Announced

Posted on: Wednesday, 30 January 2008, 15:00 CST

International Wayside Gold Mines Ltd. (the "Company") (TSX VENTURE: WGM)(FRANKFURT: IWUA) announces that it has arranged a non-brokered private placement of up to 10,000,000 units (the "Units") at an offering price of $0.10 per Unit. Each Unit will consist of one common share and one-half of one non-transferable share purchase warrant with each whole warrant entitling the holder to purchase one common share at a price of $0.185 per share for a period of two years. A 6% cash finder's fee may be paid in connection with this private placement offering. The preceding is subject to regulatory acceptance.

The net proceeds of from this private placement offering are intended for general working capital purposes.

ON BEHALF OF THE BOARD OF DIRECTORS

J. Frank Callaghan, President and CEO

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

 Contacts: International Wayside Gold Mines Ltd. J. Frank Callaghan President and CEO (604) 669-6463 or Toll Free: 1-800-663-9688 (604) 669-3041 (FAX) Website: www.wayside-gold.com

SOURCE: International Wayside Gold Mines Ltd.

Source: MARKET WIRE

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