WCB Resources Ltd ("WCB" or the "Company") (TSX VENTURE:WCB) is pleased to
announce that Medalist Capital Ltd. will lead a private placement of 16,000,000
units at a price of $0.25 per unit for gross proceeds of $4 million. Each unit
will consist of one common share in the capital stock of WCB and one-half of one
common share purchase warrant. Each whole warrant will entitle the holder to
acquire one common share at a price of $0.35 for a period of 36 months from the
date of issuance.


The proceeds from this private placement will be used for exploration activities
and general working capital. 


A finder's fee may apply in this transaction in accordance with the policies of
the TSX Venture Exchange. The private placement is subject to exchange
acceptance. All of the securities issued pursuant to this offering will have a
hold period expiring four months after the closing date. 


About WCB Resources 

WCB is an aggressive minerals exploration and development company that brings
together a strong, interdisciplinary, and proven management team with the
ability to take a project from discovery right through to operation. 


WCB's strategy is to build shareholder value through acquisition, exploration
and development of copper gold projects. This strategy is being developed by a
synthesis of WCB's core skills in project evaluation, structured acquisition,
exploration and project development and operations, areas where WCB directors
and executives have significant experience. 


We believe that our capabilities and experience, combined with an efficient
corporate structure, provide tremendous potential upside for investors. WCB is
focussed on the exploration and development of the Tier 1 Misima Island Project
in Papua New Guinea.


On behalf of the Board of Directors

Cameron Switzer, President and Chief Executive Officer

Neither 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. 


WARNING: The Company relies on litigation protection for "forward looking"
statements. Actual results could differ materially from those described in the
news release as a result of numerous factors, some of which are outside the
control of the Company.


FOR FURTHER INFORMATION PLEASE CONTACT: 
WCB Resources Ltd
Cameron Switzer
cswitzer@wcbresources.com


WCB Resources Ltd
Shaun Maskerine
smaskerine@wcbresources.com


Investor Relations:
Ironstone Capital Corp.
Lee Bowles
416 941 1253
lbowles@ironstonecapital.ca