Mr. Richard Hyde reports

WEST AFRICAN RETURNS UP TO 88.4G/T AU AT M1 SOUTH

West African Resources Ltd. is releasing further RC (reverse circulation) results from the M3 prospect, at its 100-per-cent-owned Tanlouka gold project, Burkina Faso.

Highlights:

• Resampling on a one-metre basis confirms high grades at M1 south;
• RC drilling at M3 confirms continuity of shallow oxide mineralization in M3;
• Potential to add ounces to existing heap leach;
• Probable ore reserve of 440,000 ounces gold and improve project economics;
• Resource definition drilling at M1 and M3 in progress.

Managing director Richard Hyde commented:

"Resampling of TAN16-RC118 has confirmed the high-grade tenor of mineralization at M1 south, returning up to 88.3 grams per tonne (g/t) gold (Au).

"Follow-up RC drilling has commenced beneath artisanal workings and high-grade intercepts returned from the current drilling program.

"M1 and M3 prospects are located less than two kilometres from the proposed heap leach starter pit at M5 and will add higher-grade ounces to the existing study mine plan."

Significant potential to increase project resources and improve project economics

The recently discovered gold mineralization at the M1 and M3 prospect is yet to be included in the project resource inventory. New mineralization will be modelled and incorporated in a resource update by the second quarter of 2016. Any additional higher-grade oxide tonnes will have a positive impact on the project economics.

It is expected that oxide mineralization from M1 and M3 will continue to exhibit similar metallurgical characteristics to M5 oxides and will be amenable to heap leach processing. Follow-up RC and diamond drilling is in progress and will continue during 2016. Results from recent drilling are presented in the drill results table.

Confirmation of high-grade gold at M1 south

Follow-up resampling of mineralized intercepts at the M1 prospect has confirmed high-grade tenor of gold mineralization at the M1 prospect. The company routinely carries out four-metre composite sampling on first-pass drilling to reduce assay costs, with mineralized intervals resampled on a one-metre basis for inclusion in future resource estimation studies. Resampled zones have reported very closely to the original intercepts. Some very high-grade intervals have been returned, including:

• TAN16-RC099, 57 metres to 58 metres, 22.5 g/t Au, at M1 north;
• TAN16-RC099, 61 metres to 62 metres, 25.0 g/t Au, at M1 north;
• TAN16-RC113, 22 metres to 23 metres, 20.2 g/t Au, at M1 south;
• TAN16-RC118, 60 metres to 61 metres, 88.4 g/t Au, at M1 south;
• TAN16-RC118, 61 metres to 62 metres, 49.2 g/t Au, at M1 south.

Most of the first-pass holes at M1 south intercepted open stopes or mined out zones backfilled with waste. Follow-up drilling is in progress targeting mineralization beneath these zones between 60 and 90 vertical metres. Further results are imminent.

Continuity of shallow oxide gold at M3 eastern zone

Follow-up drilling has confirmed continuity of gold mineralization in this area. TAC1204 returned a result of 19 metres at 1.8 g/t Au from surface, including four metres at 3.3 g/t Au from a downhole depth of nine metres. Also, diamond drilling of the M3 eastern zone returned significant results from fresh rock, confirming a steep dip of mineralization. Further new results include:

• TAC1204, 19 metres at 1.75 g/t Au, including five metres at 3.33 g/t Au from nine metres;
• TAC1215, 10 metres at 1.45 g/t Au from 28 metres, ending in mineralization;
• TAC1216, 10 metres at 1.14 g/t Au from 14 metres and 10 metres at 1.18 g/t Au from 27 metres, ending in mineralization;
• TAC1217, 11 metres at 1.64 g/t Au from 22 metres, ending in mineralization;
• TAC1231, eight metres at 1.47 g/t Au from 29 metres, ending in mineralization;
• TAC1254, eight metres at 1.59 g/t Au from three metres, ending in mineralization;
• TAC1278, nine metres at 1.38 g/t Au from 18 metres;
• TAN15-DD031, two metres at 2.21 g/t Au from 47 metres, four metres at 1.5 g/t Au from 53 metres, seven metres at 0.64 g/t Au from 64 metres and seven metres at 1.81 g/t Au from 77 metres.

Recent drilling from the current program at M3 has returned significant results, including:

• TAC0995, five metres at 2.17 g/t Au from 40 metres ending in mineralization;
• TAC0996, 32 metres at 5.02 g/t Au, including 13 metres at 7.14 g/t Au from two metres;
• TAC1047, 25 metres at 2.45 g/t Au from 12 metres, including 17 metres at 3.35 g/t Au, ending in mineralization;
• TAC1102, 20 metres at 2.80 g/t Au from 24 metres, including eight metres at 3.98 g/t Au;
• TAC1127, 15 metres at 1.2 g/t Au from four metres, including five metres at 2.2 g/t Au;
• TAC1156, 22 metres at 1.3 g/t Au from eight metres, including eight metres at 2.71 g/t Au, ending in mineralization;
• TAC1164, nine metres at 2.1 g/t Au from 28 metres ending in mineralization;
• TAC1166, 16 metres at 2.3 g/t Au, including eight metres at 4.0 g/t Au, from surface;
• TAC1198, 12 metres at 2.1 g/t Au from surface.

2015 PFS highlights

West African Resources completed an updated prefeasibility study (PFS) report for an oxide heap leach starter project on its Mankarga 5 gold project, Burkina Faso, in May, 2015. It was prepared in accordance with the requirements of both the Australian 2012 JORC code and Canadian NI 43-101. The report is filed on SEDAR and on the company's website. A summary of the base case is stated below assuming a 100-per-cent project at a gold price of $1,300 per ounce:

• Production of 69,000 ounces per year for the first three years and 49,000 ounces per year for life of mine, with seven-year life of mine;
• Cash costs $428 per ounce for three years and $635 per ounce for life of mine;
• All-in cash costs of $538 per ounce for three years and $749 per ounce for life of mine;
• Pretax internal rate of return (IRR) of 63 per cent with 14-month payback and after-tax IRR of 50 per cent with 16-month payback;
• Pretax cash flow of $146-million and after-tax cash flow of $118-million after initial and sustaining capital costs;
• Pretax net present value (NPV), 5 per cent, of $117-million and after-tax NPV, 5 per cent, of $86-million;
• Probable ore reserve of 440,000 ounces and life of mine strip ratio 2:1;
• Potential to upgrade in-pit inferred resources currently treated as waste in mining schedule;
• Nearby drill-ready oxide targets with potential to add to the base case.

                                          MANKARGA5 APRIL, 2015, RESOURCE

                 Cut-off                       Indicated resource                         Inferred resource
                 (Au g/t)          Tonnes      Grade       Ounces         Tonnes       Grade         Ounces
                                             (Au g/t)      (Au oz)                   (Au g/t)        (Au oz)

Oxide               0.5         7,200,000        1.2      273,000        800,000         0.8         20,000
                      1         3,100,000        1.8      180,000        200,000         1.2          7,000
Transitional        0.5         2,300,000        1.2       89,000        500,000         0.9         13,000
                      1         1,000,000        1.9       60,000        200,000         1.3          6,000
Fresh               0.5         9,500,000        1.2      377,000     39,100,000         1.0      1,320,000
                      1         4,200,000        1.9      256,000     14,800,000         1.6        778,000
Total               0.5        19,000,000        1.2      736,000     40,400,000         1.0      1,350,000
                      1         8,400,000        1.8      495,000     15,200,000         1.6        791,000

                                            MANKARGA5 MAY 2015 ORE RESERVE

Category           Strongly oxidized     Moderately oxidized        Transition                Fresh               Total
               Mt       Au        Au         Mt    Au     Au    Mt   Au     Au     Mt     Au     Au    Mt    Au      Au
                      (g/t)    (k oz)            (g/t) (k oz)      (g/t) (k oz)         (g/t) (k oz)       (g/t)  (k oz)

Probable      3.0     1.10        96        5.4  1.04    183   1.3 1.46     63    1.5   2.11     98  11.2  1.22     440

 M3 SIGNIFICANT INTERCEPTS AT CUT-OFF OF 0.2 G/T

Hole ID     From         To  Interval         Au 
              (m)        (m)       (m)      (g/t)

TAC1203       22         29         7       0.50
TAC1204        9         28         19      1.75
TAC1213        0          4         4       0.49
TAC1215       28         38         10      1.45
TAC1216        0          2         2       0.65
TAC1216        6          9         3       2.05
TAC1216       14         24         10      1.14
TAC1216       27         37         10      1.18
TAC1217       22         33         11      1.64
TAC1231       29         37         8       1.47
TAC1254        3         11         8       1.59
TAC1254       16         26         10      0.64
TAC1260       23         26         3       0.76
TAC1262        0          4         4       0.57
TAC1267       20         28         8       0.27
TAC1268       33         37         4       0.86
TAC1274       28         32         4       0.72
TAC1275       40         44         4       0.67
TAC1278       18         27         9       1.38
TAC1279       12         16         4       0.43
TAN15-DD031   47         49         2       2.21
TAN15-DD031   53         57         4       1.50
TAN15-DD031   64         71         7       0.64
TAN15-DD031   77         84         7       1.81

         MANKARGA SIGNIFICANT INTERCEPTS 
              AT CUT-OFF OF 0.2 G/T

Hole ID     From         To  Interval         Au 
              (m)        (m)       (m)      (g/t)

TAN15-DD028   36         50        14       4.42
TAN15-DD029   48         54         6       2.52

Competent person's statement

Information in this news release that relates to exploration results, exploration targets or mineral resources is based on information compiled by Richard Hyde, a director, who is a member of the Australian Institute of Mining and Metallurgy, and the Australian Institute of Geoscientists. Mr. Hyde has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration, and to the activity which he is undertaking to qualify as a competent person, as defined in the 2012 edition of the Australasian code for reporting of exploration results, mineral resources and ore reserves (the JORC code), and a qualified person under National Instrument 43-101. Mr. Hyde consents to the inclusion in this news release of the statements based on his information in the form and context in which they appear.

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