Mr. Greg Stevenson reports

WESTERNZAGROS ANNOUNCES RESULTS OF SPECIAL MEETING OF SHAREHOLDERS

At a special meeting held on Oct. 1, shareholders of WesternZagros Resources Ltd. approved the previously announced private placement to Crest Energy International LLC and an amendment to the company's articles to increase the maximum number of directors permitted from nine to 10.

The shareholder approvals were sought in connection with the company's planned rights offering to subscribe for common shares of the company for gross proceeds of up to approximately $250-million and the related equity backstop agreement entered into between the company and Crest. Pursuant to the equity backstop agreement, Crest has agreed to purchase, in total, up to $200-million of equity securities of the company not otherwise subscribed for by shareholders of the company other than Crest under the rights offering. The maximum number of common shares that may be purchased by Crest under the rights offering may not exceed 19.9 per cent of the then issued and outstanding common shares (after the rights offering), and the balance purchased by Crest will be non-voting, Class A preferred shares, Series 1, via the private placement.

In connection with the rights offering, the company filed a preliminary short-form prospectus on Sept. 3, 2014, and anticipates filing the final short-form prospectus shortly. The record date and the expiry date for the rights offering, the number of rights required to purchase one common share, and the subscription price payable for one common share will be determined at the time of filing the final short-form prospectus.

We seek Safe Harbor.