TORONTO, Nov. 28 /CNW/ - Win-Eldrich Mines Limited (TSXV - WEX), a mining exploration and development company, announces that it intends to conduct a non-brokered private placement financing for gross proceeds of up to CDN$381,000.

The private placement will consist of up to 300,000 units issued at a price of $1.27 per unit. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to acquire an additional common share for 12 months at a price of $1.60.

The proceeds from the offering will be used to fund Win-Eldrich's share of expenditures on the Ashdown, Nevada property and for general working capital purposes.

The private placement is anticipated to close in December, 2006.

The securities issued pursuant to the foregoing will be subject to a four month hold period from the date of issue.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

For further information: Fernao Ferreira, Director, at (416) 367-8275; Peter Winn at (970) 242-7108