Mr. Navchand Jagpal reports

ME RESOURCE CORP. ANNOUNCES ACQUISITION OF MINERAL LICENSES IN THE PROLIFIC TETHYAN BELT OF PAKISTAN

ME Resource Corp. has entered into an agreement to acquire a 70-per-cent interest in two exploration licences in the Chagi mineral belt in Balochistan province, northwest Pakistan, contiguous to Reko Diq, one of the world's largest undeveloped copper-gold deposits with disclosed resources of 5.9 billion tons at 0.4 per cent copper and 0.22 gram per tonne gold.

As consideration for the exploration licences the company shall issue 36 million common shares from treasury to the vendors. In addition, 12 million common shares may be issued as a bonus payment if resource milestones are met. A cash acquisition payment of $6-million is to be paid to the vendors on or before Feb. 15, 2012. If the cash payment is not made, the payment will be converted to long-term debt at a rate of 7 per cent per year and due on or before Feb. 15, 2014, or converted to common shares at the lowest price per share acceptable to the exchange.

The company will now seek to obtain final exchange and regulatory approval.

We seek Safe Harbor.