WCX

Williams Creek Gold Limited ("Williams Creek," or the "Company") (TSX
VENTURE:WCX) is pleased to announce the release of its unaudited Financial
Statements as well as its Management's Discussion and Analysis for the first
quarter ended April 30, 2012. These financial statements have been prepared in
accordance with the International Financial Reporting Standards (IFRS).


For the first quarter, the Company is reporting a net loss and comprehensive
loss of $254,391 and $322,203, respectively. Williams Creek recorded an
unrealized loss on investments of $108,820, and incurred $64,644 in exploration
expenditures as a result of increased exploration work at its properties,
specifically its Barkerville Project. Additionally, Williams Creek increased its
mineral property base through the acquisition of the Ahbau Creek and Chubby Bear
claims, located in the Cariboo and Omincea Mining Divisions Province of British
Columbia. The Company continues to hold a strong balance sheet, with assets
totaling $9.4 million against liabilities of $0.61 million. During the quarter,
the Company also increased its short term investment in equity securities by
$241,460. 


First Quarter 2012 Highlights:



--  Williams Creek completed the purchase of a 100% interest in the Ahbau
    Creek and Chubby Bear properties from New Gold Inc. The Company began
    exploration programs at Ahbau Creek and Chubby Bear after April 30,
    2012.

--  On May 25, 2012, the Company received TSX approval of its Big Sky Joint
    Venture with Tyhee Gold Corp. to earn a 50% interest in the property.
    Exploration on the Big Sky Joint Venture was planned after April 30,
    2012 and began in June 2012. 

--  The Company received its exploration permit for trenching and drilling
    on its Pine Properties. Trenching is planned to begin in July 2012.

--  The Company acquired, through staking, a 1,662 hectare block of mineral
    claims known as the Ahbau Lake property.



Michael R. Sonnenreich, Chairman and CEO, commented, "The Board of Williams
Creek is pleased with the progress the Company has made in the first Quarter of
2012, with the purchase of two prospective properties, Ahbau Creek and Chubby
Bear, at very favorable terms from New Gold Inc., the staking of the Ahbau Lake
property in the Cariboo, the joint venture on Big Sky with Tyhee Gold Corp. and
progress on its Pine Properties permit. We are looking forward to an active and
productive season beginning in the second quarter and view the diversification
of projects as a positive measure toward increasing shareholder value."


The unaudited Financial Statements and Management's Discussion and Analysis
(MD&A) are available on the Company's website (www.williamscreek.ca) under
"Company Filings" and will be available shortly on SEDAR (www.sedar.com).


About Williams Creek Gold Limited (WCX)

Visit http://www.WilliamsCreek.ca to learn more about Williams Creek Gold Limited.

Williams Creek Gold Limited is a Canadian company with the primary purpose of
participating broadly in the natural resource sector, with an emphasis on the
gold subsector, through exploration, joint ventures or other equity investments,
royalty and finance agreements.


Williams Creek Gold Limited owns twenty-eight Crown Granted mineral claims known
as the Barkerville Project in the immediate vicinity of Barkerville, BC, in the
Cariboo mining division. The Cariboo gold belt and the Barkerville Camp have a
long history of gold production dating back to the 1800s. Historically, the
Barkerville Camp has reported gold production of 3.8 million ounces, including
2.6 million ounces from surface placer and 1.2 million ounces from lode mining.
When placer gold production peaked in the late 1890s, Williams Creek Gold's
Black Jack (District Lot 1B), Home Stake (District Lot 4B), Cornish (District
Lot 1F) and Wintrip (District Lot 32F) Crown Granted mineral claims were among
the first acquired in the early search for lode gold.


Williams Creek Gold Limited also owns a block of four mineral claims 17km west
of Barkerville known as the Pine Properties. The Company has three Crown Granted
mineral claims in the Kamloops Mining Division, two of which are adjacent to New
Gold's New Afton project. Williams Creek Gold Limited also owns the Ahbau Creek,
Chubby Bear and Ahbau Lake claim groups in central British Columbia, as well as
the BOPS claims in Nevada. 


Williams Creek Gold is earning a 50% interest through a joint venture with Tyhee
Gold Corp. in the Big Sky Property north of Yellowknife, NWT. 


Additionally, Williams Creek Gold Limited has a net 30% interest in the ATW
diamond property in the MacKenzie Mining District of the Northwest Territories.
Williams Creek also holds the BOPS Project consisting of 32 unpatented lode
mining claims in Pershing County, Nevada.


On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

Williams Creek Gold Limited

This news release may contain forward-looking statements including management's
assessments of future plans and operations, and expectations of future
production. These statements are based on current expectations that involve a
number of risks and uncertainties, which could cause actual results to differ
materially from those anticipated. These risks include, but are not limited to,
the risks associated with the mining and exploration industry (e.g. operational
risks in development, exploration and production; delays or changes in plans
with respect to exploration or development projects or capital expenditures; the
uncertainty of reserve estimates; the uncertainty of estimates and projections
relating to production and the uncertainty of the availability of capital). The
assumptions used in the preparation of such statements, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.

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