WRI Waseco Resources Inc

Waseco Resources Inc. (TSX VENTURE:WRI)(FRANKFURT:WSE) is pleased to announce
that an initial diamond drilling program will start on June 29th, 2009, on its
Du Portage uranium claims in the Quebec Labrador Trough, Canada. The drilling is
part of the $1.1 Million 2009 exploration program being funded by the AREVA
group.


Significant surficial uranium was first reported by Waseco in 2007, following a
high resolution geophysical survey. Uranium zones extending up to 4 km, with
widths of 500m to 1km, were reported, with the smallest of the six (6) zones
being approximately 800m by 400m in size. Several of the areas have potential
for iron formation hosted gold and copper, as well as uranium.


Results of the 2007 geophysical survey and interpretation prepared by MPX
Geophysics Inc. are summarized as follows:


- A total of six (6) large zones of uranium enrichment;

-- Note: in this study, a "zone" is defined as having an extension approaching
or exceeding a kilometre in measurement;


- A total of eight (8) discrete uranium anomalies;

-- Note: in this study, a "discrete anomaly" is defined as a circular or
elliptical shaped anomaly of limited diameter, and of high amplitude (typically
2.5 eU to 5.5 eU) that is distinct from/or hosted in a uranium zone.


- A total of seven (7) moderate conductivity electromagnetic anomalies;

- A total of eighteen (18) discrete magnetic targets that conform to a strike
limited prismatic or vertical cylinder model;


- Identification of possible iron formation and gabbro dyke systems.

The Report concludes that:

"It is apparent that the study area is complex and has potential for hosting
several types of economic mineralization. The potential exists for uranium,
(and) gold at a minimum... As a result of the wide range of potential mineral
deposits, the possibility of an IOCG multi-commodity type metalogenic system
must be given serious consideration."


Management is very pleased with the results of the study and with the quality of
the Report. It cautions readers that the areas referred to are surficial, as
these radiometric readings generally penetrate 1.5 metres in depth. Further
ground truthing is required to quantify and qualify the Uranium potential.


In 2008, a field program was carried out using AREVA's base camp on the
adjascent Minowean uranium project. Helicopter assisted reconnaissance,
propecting, mapping, grab and soil sampling were carried out. Twenty of the
samples assayed for uranium at levels greater than 500cps (scintellometer).
These samples were sent to Activation Laboratories for analysis by Neutron
Activation/Mass Spectrometry (INAA/MS).


- 5 samples returned uranium values greater than 1000ppm (equals 0.1%- the
maximum reading from multi-element analysis);


- 4 returned uranium values of between 500ppm and 1000ppm (equals 0.05% and
0.1%); and


- 11 samples returned uranium values of between 100ppm and 500ppm (equals
0.01-0.05%) (see April 28, 2009 News Release )


In March of 2009, a further follow-up electromagnetic (VTEM) survey was
completed, including very close line spacings over a 13 square kilometer area
where the uranium targets are interpreted as being most prospective. Geotech
Ltd. and geophysicists at AREVA France are just completing their review and
interpretation for the selection of the initial drill targets. The diamond drill
and related equipment have been airlifted to the base camp.


Loic Garnier, Geo. and Exploration Director of AREVA Quebec, Inc. is the
Qualified Person under NI 43-101 who has reviewed and approved the technical
contents of this release. A.C.A (Peter) Howe, P.Eng. and Qualified Person under
NI 43-101, has reviewed the technical contents of this release on behalf of the
Company.


Waseco Resources Inc. is an exploration company focused primarily on uranium
exploration in the Quebec Labrador Trough where it is working with the AREVA
group. The Company is profitable, debt free and trading on the TSX Venture
Exchange and the Frankfurt Stock Exchange. There are currently approximately
30.8 million shares issued and outstanding


About AREVA

All over the world, AREVA provides its customers with solutions for carbon-free
power generation and electricity transmission. With its knowledge and expertise
in these fields, the group has a leading role to play in meeting the world's
energy needs. Ranked first in the global nuclear power industry, AREVA's unique
integrated offering covers every stage of the fuel cycle, reactor design and
construction, and related services. In addition, the group is developing a
portfolio of operations in renewable energies. AREVA is also a world leader in
electricity transmission and distribution and offers its customers a complete
range of solutions for greater grid stability and energy efficiency. Sustainable
development is a core component of the group's industrial strategy. Its 75,000
employees work every day to make AREVA a responsible industrial player that is
helping to supply ever cleaner, safer and more economical energy to the greatest
number of people.


For further information on AREVA, please visit the company web site at
www.areva.com.

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