WASECO RESOURCES INC. ("WRI") (TSX VENTURE:WRI)(FRANKFURT:WSE), is pleased to
provide the following update on activities relating to its Battle Mountain Ridge
Gold project in Nevada:




1.  The Company has incorporated a wholly owned Nevada subsidiary which will
    be the operator of the project. The head office of Waseco Resources US
    Inc. is in Reno, Nevada. 
2.  The Company has applied for and just received its drill permit and had
    its reclamation bond accepted. The drill permits and the reclamation
    bond relating to the Battle Mountain Ridge Project are being transferred
    to this subsidiary. The follow up drill program can now proceed as
    planned. 
3.  The Board of Directors has elected to pay the US$25,000 portion of the
    advance royalty payment currently due in shares. Accordingly, an
    application is being made to the regulatory authorities for this
    issuance from treasury of 315,885 shares. The shares will be subject to
    a four month hold period.



The Board of Directors has also instructed management to continue to assess
other gold projects in Nevada which may be complementary to the Battle Mountain
Ridge project. Management has received submissions and is reviewing their merits
for possible acquisition or joint venture.


Waseco President, Richard Williams remarked: "While many other juniors are
waiting for greater clarity in the gold market, I am proud to be forging ahead.
We are excited to be following up on the success of our most recent drill
program. This property hosts gold, it is strategically located in proximity to a
number of gold mines, it is on one of the world's most prolific gold belts, and
it is in a mining friendly jurisdiction. We are confident that we can expand the
gold resource and create value."


Waseco Resources Inc. is an exploration company focused on gold exploration in
Nevada and Kalimantan and uranium exploration in the Quebec Labrador Trough
through a joint venture with AREVA Canada Inc.. The Company trades on the TSX
Venture Exchange and the Frankfurt Stock Exchange. There will be approximately
30.6 million shares issued and outstanding, inclusive of the issuance described
above.


ON BEHALF OF THE BOARD OF DIRECTORS OF WASECO RESOURCES INC.

Richard Williams, President

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 release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Waseco Resources Inc.
Richard Williams
President
(416) 364- 3123
blackwell@tcn.net
www.wasecoresources.com
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