Mr. Stephen Wilkinson reports

WPC RESOURCES FILES NI43-101 REPORT FOR HOOD RIVER PROPERTY AND REPORTS FIRST SURFACE SAMPLING RESULTS

WPC Resources Inc. has completed a technical report prepared in compliance (or accordance) with National Instrument 43-101 for its 100-per-cent-owned Hood River property in Nunavut. The report prepared by Paul Cowley, PGeo, and entitled, "Technical Report on the Hood River Property, Nunavut, Canada," summarizes the property attributes including its geology and exploration history. The report is available on SEDAR. Most notably, nine of 22 known gold zones and two base metal occurrences within the property are described in detail. Verification samples taken by the report's author during the 2014 exploration program reported gold assays of up to 57.1 grams per tonne (note one g/t Au is equivalent to one part per million Au). The full list of the verification sample results is attached.

Sample               Sample   Sample      Sample      Au
occurrence               No.    type    width (m)    g/t

North Penthouse    14BTH-01     Grab                3.84
Spent              14BTH-02     Grab                0.87
South Penthouse    14BTH-03     Grab                0.91
North Penthouse    14BTH-04     Grab                2.05
Blackridge         14BTH-05     Chip         0.5    7.44
Blackridge         14BTH-06     Grab               10.95
North Fold Nose    14BTH-07     Grab               57.10
North Fold Nose    14BTH-08     Grab                5.33

The company also reports that it has undertaken and completed its 2014 field program on the Hood River project and the Ulu gold property in which WPC is earning up to an 80-per-cent interest. During that program, field personnel consisting of five geologists plus support staff operated from the Ulu camp with access to the properties provided by helicopter and by fixed wing aircraft using the camp's 1.2-kilometre-long airstrip.

Through the course of the fieldwork, eight gold occurrences on the Hood River property were examined and sampled to assess targets for the 2015 drill program. To date, the company has received the results of more than 100 samples from the Blackridge, Crown and the newly discovered Cowley showings of the Hood River project. Each sample was analyzed for 37 elements including gold (Au), silver (Ag), copper (Cu), zinc (Zn) and lead (Pb). Highlights of the fieldwork and geochemical results by showing as received to date are presented herein.

Crown showing

The Crown showing is located in the south-central part of the Hood River property, adjacent to and on the eastern contact of the peanut-shaped leucogranite. It comprises five mineralized zones of silicified sedimentary and volcanic rock units, which occur over an 800-metre strike length and reported historical widths of up 6.0 m. The five zones are known as the Crown Main, B, East, West and Fold.

The Crown Main showing is centrally located between the West and B zones. It outcrops as a silicified, foliated, banded basaltic tuff, containing up to 2-per-cent, very fine-grained arsenopyrite. Part of the mineralized occurrence was found to widen dramatically, and is exposed over an area measuring approximately 50 m wide and 30 m long. The mineralization strikes under a small lake at the north end and is buried beneath gravels to the south so the full extent of this wide zone is yet to be defined.

Sample              Sample    Sample      Sample      Au    Ag
occurrence              No.     type    width (m)    ppm   ppm

Crown B            R461037      Grab                4.84   0.8
Crown B            R461297      Grab                2.67   0.5
Crown East zone    R461117      Chip        1.50    3.02   0.5
Crown East zone    R461119      Chip        1.00   10.45   3.0
Crown Main         R461213   Channel        1.00    2.20   1.2
Crown Main         R461214   Channel        1.00    2.33   0.3
Crown Main         R461215   Channel        1.00    4.86   1.6
Crown Main         R461216   Channel        1.00    5.73   1.6
Crown Main         R461223   Channel        1.00    2.13   1.1
Crown Main         R461224   Channel        1.00    2.11   1.0
Crown Main         R461232   Channel        1.00    6.10   2.8
Crown Main         R461233   Channel        1.00    3.32   0.8
Crown Main         R461023      Grab                2.26   0.7
Crown Main         R461114      Grab                6.94   1.0
Crown Main         R461458      Grab                4.18   2.0

Cowley showing

The newly discovered Cowley zone is a northeast-oriented, 1.0-metre- to 3.35-metre-wide, plus-12-metre-long subvertical zone expressed in outcrop and the boulder train of a highly silicified mafic volcanic unit containing 5 to 15 per cent disseminated arsenopyrite, and gold values typically ranging between 1.00 and 2.83 parts per million Au, with two grab samples returning exceptional values of 12.4 ppm Au and 37.1 ppm Au. The zone trends to the northeast under cover.

Blackridge showing

The Blackridge showing occurs in the southern part of the property, just east of the leucogranite. The mineralization reports over a strike length of 750 m, and sampling has returned historical results of up to 21.58 grams per tonne Au over a 1.0-metre width in a continuous chip sample. This season's sampling confirmed the gold mineralization with four grab samples returning 4.63 ppm Au, 4.84 ppm Au, 7.44 ppm Au and 10.95 ppm Au.

Stephen Wilkinson, WPC's president, commented: "With about one-third of the results reported thus far, we are pleased to see the confirmation of the widespread and high-grade gold mineralization on the Hood River project. We anticipate reporting on the remainder of the results over the next two weeks on the other Hood River gold zones and the Ulu property sampling. In addition, we are planning on assaying those samples which had geochemical values in excess of two ppm Au."

Qualified person and NI 43-101 disclosure

Bruce E. Goad, PGeo, BSc (honours), MSc, has reviewed and approved the technical contents of this news release. Mr. Goad is a qualified person as described by National Instrument 43-101.

Quality assurance and quality control procedures and protocols

WPC Resources maintained a rigorous quality control program with respect to the acquisition, preparation, shipping, analysis and checking of all samples and data from the property. Each sample was shipped from the property in a secured numbered/tagged plastic sample bag that was subsequently sealed with other samples within a standard rice bag. The rice bag was then labelled and secured with a numbered tamper-proof seal. The samples arrived and were prepared in the ALS Minerals Yellowknife preparation lab, and subsequently were shipped to ALS Minerals of Vancouver, B.C., for analysis. ALS Minerals is an accredited laboratory. ALS Minerals employed a program of QA/QC by the insertion of standards and blanks into the sample stream. WPC Resources relied on ALS Minerals for the running of duplicate samples. As part of a comprehensive QA/QC program, WPC Resources also inserted standard and blank samples into the sample stream at source. One standard was inserted into the sample stream in each group of 20 samples; in addition, one blank was also inserted into each group of 20 samples.

On-site quality control as carried out by WPC Resources employees was under the supervision of Mr. Goad.

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