Mr. Wayne Moorhouse reports

WPC RESOURCES CLOSES $1.5 MILLION PRIVATE PLACEMENT

WPC Resources Inc. has closed a non-brokered private placement (see news release dated Feb. 24, 2016), by issuing 30 million units at a price of five cents per unit for gross proceeds of $1.5-million. Each unit consists of one common share in the capital of the company and one-half non-transferable common share purchase warrant. Each full warrant entitles the holder to purchase one common share of the company for a period of 24 months from the closing of the offering at an exercise price of 10 cents.

All securities issued pursuant to the offering, including the common shares underlying the warrants, are subject to a statutory hold period, which will expire on Aug. 19, 2016.

Finders' fees of $53,560 are payable in cash, and 1,071,200 broker warrants are issuable in connection with the offering. Each broker warrant entitles the holder to purchase one common share at a price of 10 cents for a period of 24 months, expiring on April 18, 2018.

Insiders have participated in the offering by purchasing 3.54 million units for gross proceeds of $177,000.

The proceeds from the placement will be used for the furtherance of the acquisition of the historical Lupin gold mine and the Ulu gold project, including engineering studies and resource reviews, planning, and expediting of the 2016 exploration and development programs, and general working capital.

We seek Safe Harbor.