Waseco Resources Inc.: 2009 Uranium Exploration Program Gets Underway

Waseco Resource Inc. ("WRI") (TSX VENTURE:WRI)(FRANKFURT:WSE) is pleased report
that it has received a Report from AREVA Quebec, Inc. updating the Uranium
exploration programs being carried out on our Quebec Labrador Trough joint
venture properties in northern Quebec.


Twenty of the samples gathered during last year's program on the Du Portage
Claims (formerly Blocks I and II) assayed for Uranium at levels greater than 500
cps (scintillometer). These samples were sent to Activation Laboratories Ltd.
for Analysis by Neutron Activation / Mass Spectrometry (INAA/MS). Of these
samples, 5 returned Uranium values greater than 0.1%, 4 returned Uranium values
of between 0.05% and 0.1%, and 11 samples returned Uranium values of between
0.019% and 0.05%. (Note: the maximum reading from multi-elements analysis done
on the samples is 0.1%)


AREVA Quebec's Exploration Director, Loic Garnier, commented: "The assay results
confirm the classic association of chemical elements showing both a hydrothermal
process that facilitated the mobilisation (or remobilisation) of Uranium and a
geochemical environment that is favourable for the Uranium concentration."


In addition, the analysis for other mineral elements showed copper, vanadium and
cobalt enrichment as well as a very high ratio of Uranium to Thorium (greater
than 40:1). A detailed petrographic study is now being carried out to assist in
identifying the exact mineralogy of the anomalous rocks and the chronology of
the Uranium deposition.


By way of follow-up, a $1,100,000 exploration program has been budgeted for
2009. This program is already underway with a helicopter borne electromagnetic
(VTEM) survey which was completed in March 2009 by Geotech Ltd. The survey was
supervised on the ground by AREVA Quebec personnel and overseen by geophysicists
from AREVA NC in France.


In total, 282 of the 304 Du Portage claims in this block were surveyed during
this program. A total of 65 lines of 3 km to 9 km in length and spaced
approximately 400 m apart were flown over the Du Portage Claims. The line
spacing was reduced to 200 m on 40 % of the block (133 claims). Future drilling
is planned over the approximately 13 square kilometer area where the uranium
targets are interpreted as most prospective.


The interpretation of the results is currently being completed by Geotech Ltd.
and will be followed by a further review by the geophysicists at AREVA NC.
Preliminary results have identified a number of conductors and assisted in
establishing the physical properties of the different geological formations.
When combined with the geological observations of last year's field work, the
alteration zones where the hydrothermal fluids circulated can be identified (by
providing a higher radiometric background).


A drill and related equipment have been been airlifted to the base camp
preparatory to initiating drilling on the Du Portage Claims in late June.


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, has
reviewed the 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 trans- mission 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 continuous improvement
on a daily basis, 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.


For further information on Waseco, please visit the Waseco company web site at
www.wasecoresources.com.