| October 21, 2009 Western Standard Closes Private Placement | |
| Vancouver - Wednesday, October 21, 2009 - Western Standard Metals Ltd. - WSM: TSX.V ("Western Standard" or the "Company"), is pleased to announce the closing the final tranche of a non-brokered private placement of 2,318,000 Units for gross proceeds of $486,780. Each Unit consisted of one common share and one share purchase warrant exercisable into an additional common share at a price of $0.28 until October 15, 2011. A total of 154,240 shares were issued as a finder's fee in this placement. All shares issued under the placements are subject to a four month hold period, being February 15, 2010. The Company's current issued and outstanding is 42,960,167 shares. WESTERN STANDARD METALS LTD. s/"Tanuja de Silva Skerlec" Chief Financial Officer 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 NEWS RELEASE. | |
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