Waseco Reports Completion of Battle Mountain Ridge Nevada 2012 Gold Exploration Program

Waseco Resources Inc. (TSX VENTURE:WRI)(FRANKFURT:WSE) is pleased to report
results from drill Hole 12-6, and the completion of its 2012 gold exploration
program at the Battle Mountain Ridge ("BMR") Property in Nevada.


BMR is strategically located immediately adjacent to Newmont's Trenton Canyon
Gold Mine and within 10km of Barrick and Goldcorp's Marigold Mine operations to
the north and Newmont's Phoenix Mine to the south. More than 18 Million ounces
of gold have been found in the area surrounding BMR on the prolific Battle
Mountain Gold Trend. 


Derek Bartlett, Waseco director and Project Manager, reported that the drilling
program delivered valuable information with regards to the geologic and
structural controls of gold mineralization at BMR. Multiple complex
faults/structures and local lithologies have been shown to contain significant
gold mineralization.


Management is encouraged by the results of the 2012 diamond drill program and
with the overall potential of the property. During this program, two of the
three known gold zones on the property were core drill tested for the first
time. The highlight of the program was Hole 12-5, drilled in the North Zone,
which returned the highest grade gold results on the property to date. Hole 12-5
assay results included 25.39g/t Au over 3.7m, including 47.6g/t Au over 0.9m and
61g/t Au over 0.6m at a depth of 150 meters. The high grade gold zone reported
in Hole 12-5 is associated with stibnite, an antimony bearing mineral that can
be a significant pathfinder in Nevada gold deposits. (See New Release dated Nov.
12, 2012). 


Both Holes 12-5 and 12-6 were drilled on the North Zone. Hole 12-6 returned
multiple gold intercepts including 5.3g/t Au over 1.5m starting at a depth of
65.5m, 0.39g/t Au over 4.6m starting at a depth of 178.4m, including an
intersection of 0.63g/t Au over 1.5m, 0.37g/t Au over 1.5m at a depth of 186m,
and 0.60 g/t Au over 2.1m, including 1.1g/t Au over 0.9m at a depth of 194.5m.
Previous reverse circulation hole (RC) intersection, approximately 25m above
Hole 12-5, returned 29m of 1g/t Au, which correlates well with the intersections
in Hole 12-5. 


It is very significant that the northern projection of the high grade gold zone
associated with the stibnite carrying intrusive in Hole 12-5 lies east of the
bottom of Hole 12-6 and was thus not intersected in the latter hole. The high
grade gold zone remains open in all directions. 


The North Zone is characterized by numerous intersections of heavily altered and
mineralized intrusive rocks associated with variable amounts of stibnite
mineralization and these appear to have a significant control on localization of
gold. Most mineralization appears to be associated with structures cutting the
contact zone between the Battle and Valmy Formations. A deep seated intrusive
has been interpreted to exist at a depth of approximately 600 meters and the
numerous intrusive intersections in the current and past drilling are likely
related to this body. 


Holes 12-1 to 12-4, inclusive, were all drilled on the South Zone to provide
structural and geologic data on the wide intersections of gold mineralization
found in previous RC drilling. Hole 12-1 encountered a wide fault zone and was
abandoned before intersecting the projected South Zone location. Anomalous
values up to 0.1g/t Au were intersected at the bottom of this hole (abandoned at
60m depth), near the contact between the Battle and Valmy Formations. Holes
12-2, and 12-3 intersected significant anomalous gold values. The South Zone is
also open about 200 meters to the north, where no drilling has been carried out
to date. 


Richard Williams, President of the Company noted that - "Management is highly
encouraged by the results of the 2012 diamond drill program which confirmed the
validity of BMR as exploration target and its potential to host significant gold
resources. A follow-up drilling program is being planned."


Please refer to Waseco's website for a summary table of results, the significant
locations and gold mineralized intersections of all six holes completed in 2012
and previous significant gold intersections. 


All results reported in the current program were prepared and analyzed by ALS
Chemex Laboratories in Winnemucca and Reno Nevada. Industry standard procedures
for chain of custody, and quality assurance and quality control were followed
during sampling and analytical operations.


A. Lee Barker, P. Eng., P. Geol., a Qualified Person pursuant to the guidelines
of National Instrument 43-101 has reviewed and approved the technical content of
this release.


The BMR property is held under an option agreement with Sparton Resources Inc.
(TSX VENTURE:SRI). Waseco has the right to earn a 75% interest in the property,
subject to a production royalty, by spending $900,000 over a three year period.
SRI would retain a 25% interest in the property, (see Waseco news release dated
April 23, 2012).


Waseco Resources Inc. is an exploration company focused on gold exploration in
Nevada and Kalimantan and uranium exploration in the Quebec Labrador Trough. The
Company is debt free and trades on the TSX Venture Exchange and the Frankfurt
Stock Exchange. There are currently approximately 30.3 million shares issued and
outstanding.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Waseco Resources Inc.
Richard Williams
President
(416) 364- 3123
[e-mail]
www.wasecoresources.com