Williams Creek Gold Limited (TSX VENTURE:WCX) ("Williams Creek", "WCX", or the
"Company") is pleased to announce the release of its unaudited Financial
Statements as well as its Management's Discussion and Analysis for the three
month period ended April 30, 2011. Williams Creek reports a loss of $149,888
mainly as a result of increased exploration activity on the Company's
Barkerville Prospect. The Company derived a trading gain of $58,983 on the sale
of investments which was offset by an unrealized holding loss of $132,927 on
share warrants. The Company also completed the acquisition of the Pine
Properties, Cariboo Mining Division British Columbia, and continued with
exploration work on its Barkerville Prospect. At the end of the quarter, current
assets were $7.05 million and long-term investments were $1.99 million against
total current liabilities of $0.22 million.


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


The quarter marked Williams Creek's transition to International Financial
Reporting Standards ("IFRS"), resulting in various changes to the way in which
the Company reports its financial information. The changes are summarized in
note 15 of the Company's Financial Statements. One significant difference is
that under Canadian GAAP Williams Creek was due to recognize a gain of
$1,052,000 on its long-term investment in Tyhee Gold Corp. ("Tyhee") during the
quarter ended April 30, 2011. Under IFRS, however, that gain was recognized
during the quarter ended January 31, 2011. As a result, while the way in which
Williams Creek accounts for the value of the Tyhee investment did not change,
the date at which the appreciation of the Tyhee investment was recognized did in
fact change. Under Canadian GAAP, Q1 earning would have been buttressed by the
gain on the investment in Tyhee.


"I am very pleased to see the rate at which the Company is accelerating its
exploration activity in Barkerville," said Michael Sonnenreich, Chairman and CEO
of Williams Creek. "These financial statements show that we are responsibly
managing costs while ramping up our exploration activities. The Company is
nearing the completion of Phase I of its exploration program on its Barkerville
Prospect and its Pine Property, and, as these financial statements show, is
doing it on a carefully managed budget."


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 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. Additionally, Williams Creek Gold Limited has a net
30% interest in the ATW diamond property in the MacKenzie Mining District of the
Northwest Territories.


On behalf of the Board of Directors,

Michael R. Sonnenreich, Chairman and CEO

This News Release contains forward-looking statements. Forward-looking
statements are statements which relate to future events and conditions and
therefore involve inherent risks and uncertainties. These statements are only
predictions and involve known and unknown risks, uncertainties and other factors
that may cause our or our industry's actual results, levels of activity,
performance or achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or implied by these
forward-looking statements. While these forward-looking statements, and any
assumptions upon which they are based, are made in good faith and reflect our
current judgment regarding the direction of our industry, actual results will
almost always vary, sometimes materially, from any estimates, predictions,
projections, assumptions or other future performance suggested herein. Except as
required by applicable law, the Company does not intend to update any of the
forward-looking statements to conform these statements to actual results. All
phases of the Company's operations are subject to environmental regulation and
governmental approval and permits and there can be no assurance that the Company
will obtain all the requisite permits for future development. Mining is an
inherently risky business with large capital expenditures and cyclical metals
markets.