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White Pine Resources Inc. (TSX VENTURE:WPR) (the "Company") is pleased to
announce that it has entered into option agreements with Shawn Ryan and Wildwood
Exploration Inc. (together, the "Optionors") pursuant to which WPR has been
granted the option to acquire a 100% legal and beneficial interest in each of
the properties known as the Money and Tender properties (together, the
"Properties"), located in the White Gold District, Yukon, subject to a 2% net
smelter returns royalty (the "NSR") on each of the Properties.


In order to acquire its interest in the Money property, WPR is required to make
cash payments totaling $950,000 over four years (of which $450,000 must be paid
in the first year), issue an aggregate of 2,750,000 common shares over a period
of four years (of which 1,250,000 common shares must be issued within the first
year), and incur aggregate exploration expenditures on the property of
$1,250,000 over a four year period (of which $200,000 must be expended in the
first year). In addition, WPR will also be required to issue an additional
125,000 common shares to Shawn Ryan upon having incurred aggregate exploration
expenditures of a total of $2,500,000 on the Money property, and a further
125,000 common shares upon having incurred aggregate exploration expenditures of
$3,750,000 on the Money property, in each case in the event that WPR has
otherwise fully exercised its option with respect to the Money property. 


In order to acquire its interest in the Tender property, WPR is required to make
cash payments totaling $425,000 over four years (of which $175,000 must be paid
in the first year), issue an aggregate of 1,250,000 common shares over a period
of four years (of which 500,000 common shares must be issued within the first
year), and incur aggregate exploration expenditures on the property of $750,000
over a four year period (of which $150,000 must be expended in the first year).
In addition, WPR will also be required to issue an additional 125,000 common
shares to Shawn Ryan upon having incurred aggregate exploration expenditures of
a total of $2,500,000 on the Tender property, and a further 125,000 common
shares upon having incurred aggregate exploration expenditures of $3,750,000 on
the Tender property, in each case in the event that WPR has otherwise fully
exercised its option with respect to the Tender property.


A finder's fee of 150,000 common shares of WPR is also issuable in connection
with the grant to WPR of the above-noted option to acquire a 100% interest in
each of the Properties.


Each of the Properties is subject to a 2% NSR, one half of which may be
purchased by WPR for $2,500,000 each. In the event that the option with respect
to either of the Properties is exercised, WPR shall be required to make annual
advance royalty payments (the "Advance Royalty Payments") of $25,000 for each
Property in respect of which the option is exercised commencing in 2016 until
such time as commercial production commences. Any amount paid in respect of such
Annual Royalty Payments shall be credited against the NSR payable in respect of
the applicable Property.


About White Pine Resources Inc.

White Pine Resources Inc. is a Canadian based mineral exploration Company
primarily focused on the exploration and development of mineral deposits in
Canada.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
WPR, including, but not limited to the impact of general economic conditions,
industry conditions, volatility of commodity prices, risks associated with the
uncertainty of resource estimates, currency fluctuations, dependence upon
regulatory approvals, dependence upon the execution of a definitive agreement,
the availability of financing and exploration risk. Readers are cautioned that
the assumptions used in the preparation of such information, although considered
reasonable at the time of preparation, may prove to be imprecise and, as such,
undue reliance should not be placed on forward-looking statements.


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