GWR Closes $6,591,000 Financing and Announces Exploration Update

Each unit is priced at $1.50 and consists of one "flow-through" commonshare and one transferable common share purchase warrant, with each warrantentitling the investor to purchase one common share of GWR for a period of 12months at an exercise price of $1.75 per share.

Limited Market Dealer Inc. ("LMDI") has received a cash finder's fee of$395,460 representing 6% of the gross proceeds from this financing as well as351,519 non-transferable warrants (the "LMDI Warrant") representing 8% of thetotal units sold in this financing. Each LMDI Warrant is exercisable for aperiod of 12 months at an exercise price of $1.50 per share. LMDI has alsoreceived a cash due diligence fee of $139,729.20 representing 2% of the grossproceeds from this financing (inclusive of GST).

All the securities of GWR issued in this financing are subject to a holdperiod which under the applicable securities laws and the Exchange policieswill expire on March 22, 2008.

"We are very pleased with the ongoing support of the MineralFields Group,with this being their 4th financing of GWR" said Irvin Eisler, President ofGWR. "This is GWR's largest and highest priced financing to date. GWR looksforward to proving that the confidence of the MineralFields Group in GWR andits Lac La Hache Property is very well founded."

The proceeds of this financing will be used to fund the Company's ongoingexploration program on the Company's property near Lac La Hache, B.C.

As a result of the discovery of significant copper mineralization on theCompany's Peach 1 prospect, approximately one kilometre to the west of theAurizon zone, an expanded drilling programme is planned at Peach 1 todetermine the size of this mineralized zone. Anomalous copper in soils withcoincident geophysical anomalies extend to the southeast of knownmineralization over a distance of about one kilometre, in turn suggesting thatthe Peach 1 target extends well to the southeast and conformable to thegeneral structural trend of known copper-gold mineralization within the Lac LaHache project area. It is expected that drilling will continue until theChristmas break, by which time analytical results of holes completed to dateshould have been received and planning of additional drilling can be executed.

Drilling of the Aurizon copper-gold zone is continuing with a number ofcoincident geochemical and geophysical targets remaining to be drill tested.Access to some of these target areas is prohibitive until freeze-up and, thus,drilling of these areas will probably be postponed until after the Christmasbreak. Meanwhile, drilling is concentrating on defining the extent ofcopper-gold mineralization in the southeastern part of the Aurizon zone.

A reinterpretation of results of all previous work is ongoing along withthe rebuilding of historical data collections of which most paper records werelost in a fire earlier in the year. This work will include relogging andreinterpretation of historical drill core in the light of modern concepts ofore deposition in the Quesnel Belt in general and the Lac La Hache area inparticular. It is expected that results of this work, along with recent surveydata such as those from radiometric surveys that were unavailable to earlierworkers, will enable the Company to gain maximum benefit from ongoing andfuture exploration expenditures.

David G. Bailey, Ph.D., P.Geo. is the Qualified Person as defined byNational Instrument 43-101 who accepts responsibility for the technicalaspects of this news release

       About MineralFields, Pathway and First Canadian Securities (R)       --------------------------------------------------------------    

                                  About GWR                                  ---------    

    The TSX Venture Exchange has not reviewed and does not accept    responsibility for the adequacy or accuracy of this release.

For further information

Responsible Officer: Irvin Eisler, President,Company Telephone Number: (250) 546-8048