November 17, 2011
Ground Magnetic and IP Surveys Have Commenced at Cumbral IOCG Prospect
VANCOUVER -- Westminster Resources Ltd. (the "Company") - (TSX.V:WMR) wishes to announce that it has closed the private placement of 12,040,000 shares for gross proceeds of $1,204,000 originally announced in its press release dated November 4, 2011. The shares issued pursuant to the private placement as well as any shares issued pursuant to the exercise of finder's warrants will be legended with a hold period to expire March 18, 2012.
The funds raised will be used to fund a 49 line kilometer IP and Ground Magnetic survey which has commenced at the Company's Cumbral Iron-Oxide-Copper-Gold (IOCG) prospect located in Sonora, Mexico and for follow-up drilling and working capital.
ON BEHALF OF THE BOARD OF DIRECTORS
WESTMINSTER RESOURCES LTD.
"Glen C. Macdonald"
About Westminster Resources Ltd
Managed by an experienced exploration team the Company is focused on exploring and developing several prime gold-silver-copper targets located on its 26,246 hectare El Cobre and 19,362 hectare Navojoa properties in Sonora, Mexico. These targets include the Company's most advanced Anita Copper Mine, newly discovered San Bartolo-silver, Cumbral IOCG, and the Guayacan-gold-copper prospects on the El Cobre project; at the Navojoa project targets include three porphyry deposit systems.
For further information
regarding Westminster Resources Ltd.,
please contact Leif Smither or Fulvio Scrigner
604-608-0400, Toll Free: 1-877-608-0007
www.westminsterres.com
Or
Kin Communications Inc.
604-684-6730,
Toll free: 1-877-684-6730
www.kincommunications.com
This news release may contain forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release may include, but is not limited to, the Company's objectives, goals or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.