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Windamere Announces Stock Option Grant

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TORONTO, ONTARIO--(Marketwire - Oct. 30, 2012) - Windamere Ventures Ltd. ("Windamere" or the "Company") (TSX VENTURE:WV) granted an aggregate of 1,975,000 stock options to various directors, officers and consultants of the Company effective the date hereof. The stock options are exercisable at $0.80 for a period of 5 years and remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. In addition, the stock options are subject to a four month and one day statutory hold period.

On behalf of the Board of Directors of WINDAMERE VENTURES LTD.

William Randall, President, and CEO

Cautionary Notes

Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may", "will" and include without limitation, statements regarding the financing, the anticipated timing and impact with respect to the financing, the timetable with respect to future acquisitions and exploration developments, timetable for further exploration, analysis and development, title disputes or claims; and governmental approvals and regulation. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, metal prices, competition, financing risks, acquisition risks, risks inherent in the mining industry, and regulatory risks. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.

FOR FURTHER INFORMATION PLEASE CONTACT:
Windamere Ventures Ltd.
William Randall
President, and CEO
(416) 309-2697

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