Williams Creek Gold Limited Releases Q1 Financial Statements and Management’s Discussion and Analysis

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jun 28, 2013) –
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, 2013.
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 of
$1.1 million compared to a net loss of $322,203 in the prior year’s
quarter. Williams Creek recorded an unrealized loss on investments
of $654,507, and incurred $26,997 on its properties. The Company
continues to hold a strong balance sheet, with assets totaling $7.4
million compared to $61,344 in liabilities. Moving forward, the
Company plans to review its various prospects and upcoming
exploration programs.

Chairman and CEO James Wyant commented, “The Board of Williams
Creek continues to evaluate opportunities for the Company to add
properties which may be accretive to our exploration portfolio. We
will look to take advantage of the current mining environment while
concurrently looking to identify the best use of our funds for our
existing exploration prospects, in order to grow 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.cato 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,

James Wyant,
Chairman and CEO

Williams Creek Gold Limited

The TSX Venture Exchange has not reviewed nor accepted
responsibility for the adequacy or accuracy of this news release
which has been prepared by management. 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.