WCB Resources Ltd.: Soil Sampling Program, Misima EL1747

As previously advised, WCB Resources Ltd. ("WCB" or the "Company") (TSX
VENTURE:WCB) has entered into an exploration Farm-In Agreement with Pan Pacific
Copper ("PPC") covering EL1747 located on Misima Island, Papua New Guinea. EL
1747 is held by PPC's wholly owned subsidiary Gallipoli Exploration (PNG) Ltd
("Gallipoli"). 


The previously announced exploration program including soil sampling program is
underway and progressing as planned.


This extensive ridge and spur auger soil sampling program and associated rock
chip sampling program has now completed in excess of 50% of the proposed 4,500
samples covering selected areas of EL1747. Area selection for soil sampling was
targeted on previously defined highly anomalous copper and coincident gold
stream drainages which indicated the presence of a large copper gold related
anomaly.


The sampling program is estimated to be completed by August 2012. 

Samples have been collected with the appropriate QA/QC standards including the
collection of blanks, duplicates and certified standards. Samples are being
progressively dispatched to a certified Australian Laboratory for multi element
analysis. Compilation of data pending QA/QC validation will commence once
results are available.


Productivity from the exploration team has been excellent given the wet season
conditions and access. Descriptions of observational data on site indicate broad
areas of alteration and minor veining which provide further encouragement
supporting the concept of porphyry style alteration and mineralisation. 


Results from the multi element data will be released as soon as available.

The Company also announces that it has granted options to purchase up to 500,000
common shares of the Company at an exercise price of $0.60 per share to certain
employees and consultants. These options are exercisable up to May 22, 2015. 


About the Misima JV and EL1747 

In December 2011, WCB entered into an exploration Farm-In Agreement with Pan
Pacific Copper ("PPC") covering EL1747 located on Misima Island, Papua New
Guinea. Under the terms and conditions of the exploration Farm-In Agreement, WCB
can earn up to a 70% interest in EL1747 Misima by spending a total of AUD9.0M
within a 4 year timeframe.


PPC, owned by JX Nippon Mining and Metals (66%) and Mitsui Mining and Smelting
(34%), is a global mining, smelting, refining and international copper producer.


The Company is targeting Porphyry copper gold and Epithermal gold silver
mineralisation on EL 1747. 


From a geological and mineral deposits perspective, EL 1747 is located in the
same terrain and geological region that includes the deposits of Grasberg, Ok
Tedi, Hidden Valley, Wafi-Golpu, Lihir, Simberi and Panguna as well as
significant projects such as Tolukuma, Kainantu and Woodlark Island. Importantly
Misima Island has previously demonstrated mineral deposit pedigree through the
past production of 4.0M ounces of gold and 20M ounces of silver from various
operations but most recently the Misima Mine owned by Placer Dome Asia Pacific
(now Barrick Gold). This mine ceased open pit production in 2001 and closed in
2004.


EL1747 Misima consists of 53 sub blocks covering an area of 180km2. The
exploration licence is located on the eastern portion of the island and
surrounds and overlays the historic SML (Special Mining Lease). The exploration
licence was targeted by WCB due to the presence of a significant high order
copper stream sediment anomaly in multiple drainages which has received limited
detailed follow up activity. Furthermore, additional high order gold and zinc
anomalies have been identified and require follow up detailed work.


Further details of this announcement or information pertaining to the Misima
Farm In Agreement and further technical information regarding Misima Island and
EL 1747, can be located at www.wcbresources.com/news-releases/


Mr. Cameron Switzer, BSc (Hons), MAIG (3384), MAUSIMM (112798), President and
Chief Executive Officer of WCB Resources, is a qualified person as defined by
National Instrument 43-101. He is responsible for quality control of exploration
undertaken by WCB. Mr. Switzer has reviewed and approved the technical
information in this release.


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
engaged in an ongoing search and evaluation of additional copper gold projects
in the Asia Pacific region. 


On behalf of the Board of Directors

Cameron Switzer, President and Chief Executive Officer

Forward Looking Statements: This news release includes certain statements that
may be deemed "forward-looking statements". All statements in this release,
other than statements of historical facts, including, without limitation,
statements potential mineralization, the estimation of mineral resources, the
realization of mineral resource estimates, interpretation of prior exploration
and potential exploration results, the timing and success of exploration
activities generally, the timing and results of future resource estimates,
permitting time lines, metal prices and currency exchange rates, availability of
capital, government regulation of exploration operations, environmental risks,
reclamation, title, and future plans and objectives of the company are
forward-looking statements that involve various risks and uncertainties.
Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Forward-looking
statements are based on a number of material factors and assumptions. Factors
that could cause actual results to differ materially from those in
forward-looking statements include failure to obtain necessary approvals in
respect of the transaction, unsuccessful exploration results, changes in project
parameters as plans continue to be refined, results of future resource
estimates, future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions, risks
associated with operating in foreign jurisdictions, uninsured risks, regulatory
changes, defects in title, availability of personnel, materials and equipment on
a timely basis, accidents or equipment breakdowns, delays in receiving
government approvals, unanticipated environmental impacts on operations and
costs to remedy same, and other exploration or other risks detailed herein and
from time to time in the filings made by the companies with securities
regulators. Mineral exploration and development of mines is an inherently risky
business. Accordingly the actual events may differ materially from those
projected in the forward-looking statements. For more information on the
Company, investors should review their annual filings that are available at
www.sedar.com.