Mr. Richard Williams reports

WASECO RESOURCES INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Waseco Resources Inc. has arranged a non-brokered private placement offering of units at a price of five cents per unit consisting of up to 10 million common shares and 10 million one-half share purchase warrants. Each of two warrants will entitle the holder to purchase one common share of the company at a price of 7.5 cents per share at any time prior to 12 months from the date of the closing of the offering.

The proceeds received from the offering will be used to carry out a follow-up drilling program on the Stibnite gold zone, which is located on the company's Battle Mountain Ridge project in Nevada, and for general working capital purposes.

The Stibnite gold zone was first identified by the company, intersecting 25.4 grams per tonne gold (0.9 ounce per ton) over 3.7 metres (12 feet) in the interval 150 metres to 153.7 metres (492 feet to 504 feet). All five subsequent holes in the immediate area intersected gold mineralization (up to 7.59 grams per tonne gold over three metres and 6.68 grams per tonne gold over three metres) and have been interpreted as extending the Stibnite gold zone at least 155 metres along strike and a further 70 metres at depth. The zone remains open to depth and in both directions (see the company's news release dated Jan. 26, 2017, for details).

Richard Williams, president, commented: "This property is strategically located on the Battle Mountain trend and is immediately adjacent to Newmont's Trenton Canyon mine. We are a few miles south of SSR Mining's Marigold mine and north of Newmont's flagship Phoenix/Fortune mines. What we are seeing on this property is consistent with what other explorers are now finding along the Battle Mountain-Eureka trend, where there are zones of disseminated gold located over higher-grade structurally controlled systems."

The offering will be conducted by the company utilizing the existing shareholder exemption described in Multilateral CSA Notice 45-313 -- Prospectus Exemption for Distributions to Existing Security Holders, as well as exemptions under the accredited investor exemption of National Instrument 45-106 -- Prospectus and Registration Exemptions, and also other exemptions available to the company.

At the closing of the offering, finders' fees of 6 per cent of the proceeds may be payable in cash.

A. Lee Barker, PEng, PGeo, a qualified person pursuant to the guidelines of NI 43-101, has reviewed and approved the technical content of this release.

We seek Safe Harbor.