VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 09/08/2006 -- The Board of Directors of International Wayside Gold Mines Ltd. ("the Company") (TSX VENTURE: WGM) wishes to announce that the Company has entered into a loan agreement with an insider of the Company and a related party in the amount of $200,000. This unsecured loan bears an interest rate of prime plus 2%, calculated on an annual basis. In addition, subject to TSX Venture Exchange approval, 160,000 bonus common shares of the Company at a deemed price of $0.25 will be issued to the lenders which will bear a four month and one day hold period.

Funds from this loan will be used for the property payment commitment required pursuant to the Mineral Claims Option Agreement dated for reference August 22, 2003 between the Company and Mosquito Consolidated Gold Mines Limited ("MSQ"). To date, pursuant to various agreements with MSQ, the Company has paid over $2.1 million and 500,000 common shares to MSQ. In addition, the Company has expended over $24 million for exploration and land acquisitions in the Wells-Barkerville area.

Over the past twelve field seasons the Company has assembled land holdings of 60km along trend (NW-SE) approximately 8km average width (560 km2), completed 580 drill holes (182,754 feet) and produced NI 43-101 compliant resource estimates at Cow Mountain (431,000 oz of gold indicated and 91,000 inferred at 0.02 oz per ton cutoff), BC Vein (47,700 oz of gold indicated and 15,700 of gold inferred at 0.05 oz per ton cutoff), and at Bonanza Ledge (55,347 oz of gold measured and 27,669 of gold indicated at 0.05 per ton cutoff). The Company completed a 10,000 tonne bulk sample at Bonanza Ledge in 2004 and is well advanced in permitting production at Bonanza Ledge. The Company is concurrently permitting for production at Cow Mountain and is actively exploring a number of other targets along the historic Mine Trend and Bonanza Ledge Trend, resulting in the discovery of Bonanza Ledge style mineralization at the Mucho Oro Zone in 2006. The Company will build on these achievements as a gold producer in 2007.

On Behalf of the Board of Directors

J. Frank Callaghan, President

This news release contains forward-looking statements regarding the timing and content of upcoming programs. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.