| September 15, 2009 Private Placement | |
| Western Standard Metals Ltd. (the "Company" or "WSM") is pleased to announce that is has negotiated a non-brokered private placement of 5,000,000 Units at a price of $0.21 for total gross proceeds of $1,050,000. Each Unit will consist of one common share and one share purchase warrant exercisable into an additional common share at a price of $0.28 for a two year period. The proceeds will be used for general working capital. A finder's fee may be paid with respect to a part of this placement. The terms of the private placement are subject to acceptance by the TSX Venture Exchange. ON BEHALF OF THE BOARD OF DIRECTORS WESTERN STANDARD METALS LTD. Tanuja de Silva Director, CFO & Corporate Secretary Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Certain information presented in this release may constitute "forward-looking statements" within the meaning of the US Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. | |
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