WRI Waseco Resources Inc

WASECO RESOURCES INC. (TSX VENTURE:WRI)(FRANKFURT:WSE) is pleased to report that
it has entered into an Earn-in Agreement (the "Agreement") with Sparton
Resources Inc. (SRI-V) whereby Waseco can earn a 75% interest in the Battle
Mountain Ridge Claims (a.k.a. SBD Claims) in Nevada, USA.


The property consists of 29 claims located in the middle of Nevada's prolific
Battle Mountain Trend, in close proximity to Goldcorp and Barrick's Marigold
Mine (approx. 3 Million oz Au) and immediately adjacent to Newmont Resources'
Trenton Canyon Mine open pits (approx. 300,000 oz Au). The claims are also
approximately 6 miles north of Newmont's Phoenix Gold Mine operations with a
gold endowment exceeding 10 million ounces. To date, the camp has produced or
established gold resources of some 20 million ounces. The property is underlain
by the Antler Peak, Battle and Valmy Formations and has very similar geology and
gold grade mineralization to the other mines in the area.


The claims also host a non-N-I 43-101-compliant historic Resource of 2.9 million
short tons of 0.023 oz/t Au (0.80/g/T Au) reported by previous operators in
1997. (The resource calculation is historical in nature and has not been
reviewed by Waseco geologists and as such, should not be relied upon). Of the 73
reverse circulation holes drilled to date, the known zones remain open in all
directions and to depth. In 2007, the most recent drilling campaign, six of the
holes confirmed previous drilling results with good intercepts, and the seventh
was a step out to the east which intercepted a new gold zone. Geophysics and
geochemistry carried out at that time also identified a number of new near
surface, coincident, anomalies that are now considered to be priority targets.
The technical content of this release has been reviewed and approved by A. Lee
Barker, P. Eng., P Geol., who is a Qualified Person under National Instrument
43-1.


Under the terms of the Agreement, Waseco can earn its 75% interest by making
US$75,000 Annual Advance Royalty payments (2012-now paid), and by carrying out
$900,000 of exploration expenditures over 3 years. Waseco is to be the operator
of the joint venture. Other terms of the Agreement include: If either party is
diluted down to a 10% interest in the joint-venture, that interest shall be
converted into a 1% net smelter return royalty (NSR); and if the property is
subsequently sold to a third party, the 1% net smelter return royalty holder
will forfeit the NSR and receive 10% of the net proceeds of the sale.


Derek Bartlett, Waseco Director and a Professional Geologist commented: "The
existence of an historic 80,000 ounces of gold of camp ore grade, makes this
project exceptionally attractive, given the geology and other undrilled targets.
The combination of successful historic drilling which remains open along strike
and to depth and additional untested geophysical and geochemical anomalies
provides significant potential to expand the gold resource."


The property is subject to a 5% NSR royalty, of which 2.5% NSR can be acquired
at any time for U.S. $1.5 Million.


Richard Williams, Waseco President & CEO commented: "Nevada is one of the best
mining jurisdictions in the United States and the nature of the geology allows
for the profitable processing of lower grade ore. This is an exciting project
that can be financed from our current means, which allows Waseco to advance
without foregoing any of the other opportunities being pursued."


Waseco Resources Inc. is an exploration company focused on uranium exploration
in the Quebec Labrador Trough and gold exploration in Nevada and Kalimantan. The
Company is debt free and trading on the TSX Venture Exchange and the Frankfurt
Stock Exchange. There are currently approximately 30.3 million shares issued and
outstanding.


For further information on Waseco, please visit the Waseco web site at
www.wasecoresources.com.

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