WCB Resources Ltd. Arranges Private Placement

WCB Resources Ltd ("WCB" or the "Company") (TSX VENTURE:WCB) announces that it
has decided not to proceed with the non-brokered private placement of 16,000,000
units at a price of $0.25 per unit for gross proceeds of $4 million as outlined
in the Company's press release dated March 19, 2014. 


The Company also announces that it has arranged an alternative non-brokered
private placement of 22,222,222 units at a price of $0.27 per unit for gross
proceeds of $6,000,000. Each unit is comprised of a common share and two half
warrants (with the first half warrant being half of a "Warrant A" and the second
half warrant being half of a "Warrant B"). Each whole Warrant A shall entitle
the holder to acquire one additional common share of the Company at a price of
$0.40 per share for a period of 18 months. Each whole Warrant B shall entitle
the holder to acquire one additional common share of the Company at a price of
$0.60 per share for a period of 36 months. It is expected that all units will be
subscribed for by Sandfire Resources NL, a premier Australian copper gold
producer listed on the ASX. 


The proceeds from this private placement will be used principally for drill
testing of the Misima Island Porphyry and for ancillary exploration activities
on the Company's Misima Island project, located in Papua New Guinea, and general
working capital. 


No finder's fees will be paid on this transaction. 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 and one day 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
[e-mail]


WCB Resources Ltd
Shaun Maskerine
[e-mail]


Investor Relations:
Ironstone Capital Corp.
Lee Bowles
416 941 1253
[e-mail]