Waseco Initiates Uranium Drill Program

Waseco Resources Inc. (TSX VENTURE:WRI)(FRANKFURT:WSE) is pleased to announce
that an initial diamond drilling program has started on its Du Portage Uranium
Project in the Quebec Labrador Trough, Canada. The drilling is part of the $1.1
Million 2009 exploration program being funded by the AREVA group.


The targets have been selected based upon favourable airborne geophysical data,
including a detailed electromagnetic (VTEM) survey completed earlier in the
year, and grab samples assayed following last year's field work, which included
5 samples that assayed at the maximum for uranium, at better that 1000ppm
(greater than 0.1%- the maximum reading from Neutron Activation/Mass
Spectrometry (INAA/MS). multi-element analysis).


The initial focus of the program will be on a 3,000m by 1,500m area where the
presence, location, direction and dip of the most interesting conductor
structures have been interpreted to be by the AREVA geologists and
geophysicists.


The initial 1,400m program is planned to consist of 4 to 8 holes to depths of
150m to 350m. The first 133 meters of good quality core have been recovered from
the first hole. The program is expected to take approximately 1 month to
complete.


Loic Garnier, Geo. and Exploration Director of AREVA Quebec, Inc. is the
Qualified Person under NI 43-101 who has reviewed and approved the technical
contents of this release. A.C.A (Peter) Howe, P.Eng. and Qualified Person under
NI 43-101, has reviewed the technical contents of this release on behalf of the
Company.


Waseco Resources Inc. is an exploration company focused primarily on uranium
exploration in the Quebec Labrador Trough where it is working with the AREVA
group. The Company is profitable, debt free and trading on the TSX Venture
Exchange and the Frankfurt Stock Exchange. There are currently approximately
30.8 million shares issued and outstanding.


About AREVA

With manufacturing facilities in 43 countries and a sales network in more than
100, AREVA offers customers reliable technological solutions for CO2-free power
generation and electricity transmission and distribution. AREVA is the world
leader in nuclear power and the only company to cover all industrial activities
in this field. AREVA's 75,000 employees are committed to making sustainable
development the focal point of the group's industrial strategy.For further
information on AREVA, please visit the company web site at www.areva.com.