WRI Waseco Resources Inc

Waseco Resources Inc. (TSX VENTURE:WRI)(FRANKFURT:WSE) (the "Company") is
pleased to announce that, starting today, it will carry out an initial diamond
drill program on its Battle Mountain Ridge gold project in Nevada, currently
under option from Sparton Resources Inc. (TSX VENTURE:SRI). (see Waseco News
Release dated April 23, 2012). 


In May, 2012, the Company completed a systematic soil sampling program over the
portion of the property that had not previously been surveyed. A total of 259
soil samples were taken and sent to the ALS Chemex Laboratories in Winnemuca and
Vancouver for multi-element analysis. 


Specific analyses were done for standard pathfinder elements used in
Nevada-style gold deposit exploration. These included gold, silver, arsenic,
antimony, mercury, bismuth and thallium. The results were compiled with previous
work and clearly indicate extensions of the soil anomalies associated with the
known gold zones on the claims. They also highlighted a new untested area in the
southern part of the claim block with the discovery of a coincident soil anomaly
and CSAMT geophysical target. This zone is approximately 600 metres in strike
length and is located near a shallow drill hole (#7) completed by Sparton in
2007, which returned anomalous gold values.


Based upon the interpretation of the compiled geochemical results, a number of
known zones on the claims have also been extended in size. Based upon this work,
and the inclusion of this new geochemical data, a 5,500 foot core drilling
program consisting of 8 drill holes is planned. A drilling contract has been
executed and work starts today. The initial holes are planned to extend the
mineralization in the known zones and begin evaluating the new target areas.
Because this will be the first core drilling program conducted on this property,
it is expected to lead to a much better understanding of the structural and
lithologic controls on mineralization and provide direction for future work.


Mr. Derek Bartlett, Waseco Director and Project Manager, stated: "This is the
first time that the property will undergo diamond drilling. To date, all of the
previous drilling has been done using reverse circulation drills. While the
results have been successful in identifying a series of near surface gold zones,
this core drilling program should provide a more accurate understanding of the
mineral structures on the property as well as add to the dimensions of the known
gold zones, as we plan to drill to greater depths."


Mr. Richard Williams, Company President and CEO, added that: "There is already a
historical resource on the property(i) that we intend to better understand
following the current program. The presence of existing gold mineralization,
combined with its strategic location on Nevada's prolific Battle Mountain Trend,
tying directly onto Newmont's Trenton Canyon Deposit and within a few miles of
Barrick - Goldcorp's Marigold and Newmont's Phoenix Gold Mines, makes this
property a very exciting and compelling exploration project." 


(i)The claims host a non-N-I 43-101-compliant historical resource of 2.9 million
tons of 0.023 oz/t Au (0.80/g/T Au) reported by previous operators in 1997. (A
qualified person has not done sufficient work to classify the historical
estimate as current mineral resources, the issuer is not treating the historical
estimate as current mineral resources). Mr. A. Lee Barker, P. Eng., P Geol., a
Qualified Person under National Instrument 43-101, has reviewed and approved the
technical content of this release.

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