Mr. James Moore reports

WESTERN RESOURCES CORP. PROVIDES CORPORATE UPDATE

Western Resources Corp. is providing an update following the completion of the plan of arrangement on March 31, 2017.

The company has replaced its wholly owned subsidiary Western Potash Corp.'s listing status on the Toronto Stock Exchange and commenced trading under the symbol WRX effective April 5, 2017. The company's shares also began trading on the Frankfurt Stock Exchange effective April 7, 2017, under the symbol WR0.

The company continues to be dedicated to moving forward the 146,000-tonne-per-year Milestone phase 1 potash project in Regina, Sask. The project team held a very successful community open house on April 11, 2017, in the town of Kronau, which is located near the plant site. Engineering firm AMEC Foster Wheeler provided in-depth information on the plans for the processing facilities, and the Saskatchewan Mining Association (SMA) provided a hands-on solution mining demonstration. The event was well attended with about 80 visitors from the region, as well as representatives from the provincial government and the local business community.

The company has also engaged independent financing experts to help secure strategic partners/investors who will provide sufficient funds for the construction and operation of the Milestone phase 1 project. The Milestone project team and the engaged financing experts have confidence in reaching the proposed strategic partnership.

The company's board of directors has approved an investment proposal on low-rise multifamily development projects with Formwerks Boutique Properties. Formwerks is an award-winning firm with a portfolio of over 600 custom single-family homes and townhouses in the greater Vancouver area. Known for its strong reputation on architectural design and land development, Formwerks has become a brand of quality and assurance in the greater Vancouver real estate market.

Western Resources' chairman, James Moore, noted: "I'm pleased to see that the Milestone phase 1 potash project continues to make progress and is moving forward. In the meantime, I am excited that the company has started the process of expanding an investment portfolio into other areas following the recent corporate restructuring. This new move will facilitate the company's ability to implement alternative value-enhancing opportunities. The decision to partner with Formwerks is a good start in diversifying the company's assets. It will allow the company's cash to earn better returns and help improve the company's asset structure. This investment will start to generate cash flows to the company and therefore increase our shareholder value."

Shareholders are invited to visit the company website for more information on the company.

We seek Safe Harbor.