WCB Resources Ltd. Provides Drilling Update - Misima Island Prophyry Prospect

WCB Resources Ltd ("WCB" or the "Company") (TSX VENTURE:WCB) is pleased to
provide an update on the progress of the proposed drill program at its Misima
Porphyry Prospect on Misima Island, PNG.


In late April, drill tender documents were provided to nine interested parties
for the provision of drilling and ancillary services on Misima Island. Through
the first half of May six of the nine interested parties visited Misima Island
and provided proposals to WCB. 


Following the receipt of the proposals, the Company proceeded with a systematic
evaluation that considered a number of criteria. This evaluation resulted in a
short list of two preferred drilling companies. The Company then completed a
final evaluation to pick the preferred contractor. WCB is now in the final
stages of completing the agreement for the provision of drilling services with
the preferred contractor. Once executed, the Company expects the drill rig to
arrive on Misima Island in approximately three weeks. 


The Misima Porphyry Prospect has been defined by systematic exploration
techniques which commenced in early 2012. Soil sampling defined a large 1,100
meter by 800 meter high order soil Cu Au anomaly that is supported by highly
significant channel sample results. Geological mapping defined a zone of upper
level porphyry style alteration, multiphase veining and intense fracturing
associated with this anomalism. An aeromagnetic survey outlined a large buried
magnetic high interpreted as magnetite alteration which has previously not been
drill tested to depths that modern successful exploration groups target. Halo
drill holes with broad Cu Au intersections over a 1,500 metre by 1,000 meter
area further support and validate the prospectivity. Planned drill testing by
WCB will be targeted at the central interpreted higher grade components of this
classic porphyry Cu Au Ag system with planned drill hole depths of over 1,000
meters.


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 Misima Project, PNG

Giant Cu Au Deposits such as Grasberg, Ok Tedi, Panguna and Wafi-Golpu, as well
as the giant Au deposit Lihir are developed in this region. Misima Island is
located on the extensions of this terrain and has previously demonstrated
mineral deposit pedigree through the past production of 4.0 M ounces of gold and
20 M ounces of silver from various operations but most recently the Misima Mine
owned by Placer Dome Asia Pacific. This mine ceased open pit production in 2001
and closed in 2004. Most recently WCB released a NI43-101 compliant inferred
resource containing 1.57M ounces gold and 8M ounces silver associated with
extensions of the previously mined zone.


The Misima Project, consists of 53 sub blocks covering an area of 180 km2. The
exploration license was targeted due to the presence of a significant gold
mineralising system in conjunction with significant high order copper stream
sediment anomalies in multiple drainages which had received limited detailed
systematic follow up.


WCB can obtain up to a 70% interest in the project from Pan Pacific Copper by
spending a total of AUD$9.0M within a staged timeframe subject to standard
regulatory approvals.


Further details of this announcement and further technical information regarding
Misima Island and the project, can be located at
www.wcbresources.com/news-releases/.


About WCB Resources

WCB is a highly focussed 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 significant 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

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.


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. 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.


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]


Investor Relations:
Rebecca Greco
Fig House Communications
416-822-6483


Lee Bowles
Ironstone Capital
416-561-7474