Mr. Richard Williams reports

WASECO RESOURCES INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Waseco Resources Inc. intends to complete a non-brokered private placement offering of units at a price of five cents per unit, consisting of an aggregate of up to five million common shares and 2.5 million shares purchase warrants. Each warrant will entitle the holder to purchase one common share of the company at a price of 7.5 cents per share at any time prior to 12 months from the date of closing of the offering.

The offering will be conducted by the company utilizing the existing shareholder exemption as described in Multilateral CSA Notice 45-313, as well as exemptions under the accredited investor exemption of National Instrument 45-106 and also other applicable exemptions available to the company.

Waseco will make the offering available to all shareholders of the company as at March 26, 2015, that are eligible to participate under the existing shareholder exemption and which will have notified the company by no later than 4:30 p.m. ET on April 30, 2015, of their intention to participate in the offering. Orders will be processed by the company on a first-come, first-served basis, such that it is possible that a subscription received from a shareholder may not be accepted by the company if the offering is oversubscribed. Any person that becomes a shareholder of the company after the record date shall not be entitled to participate in the offering under the existing shareholder exemption.

The proceeds received from the offering will be used to carry out a follow-up drilling program in proximity to the high-grade gold discovery on its Battle Mountain Ridge project in Nevada and for general working capital purposes.

All securities issued will be subject to a four-month hold period from the date of closing. The offering is subject to the approval of the TSX Venture Exchange.

At closing of the offering, finders' fees of 7 per cent of the proceeds may be payable in cash and 7 per cent finder warrants, which are exercisable at the price of five cents per share and expire 12 months from the date of closing of the offering.

Richard Williams, president of Waseco, stated: "We value current shareholders and encourage them to participate in this placement. Having intercepted high-grade gold in hole 12-5 during our last drilling campaign, we are very excited to test our models and confirm the continuity of the zone."

The board of directors also approved the granting of 200,000 options to each of four directors. The options are exercisable at 10 cents per share and are valid for a period of three years ending March 26, 2018.

We seek Safe Harbor.