WCB

WCB Resources Ltd ("WCB" or the "Company") (TSX VENTURE:WCB) is pleased to
announce an initial inferred mineral resource reported in accordance with
National Instrument 43-101 ("NI 43-101") for the Umuna Zone(1) on its Misima
Island Project in Papua New Guinea. The Umuna mineral resource estimate was
developed by Richard W Lewis of Lewis Mineral Resource Consulting Pty Ltd under
the independent guidance and supervision of AMC Consultants Pty Ltd (AMC). A
Technical Report supporting this news release will be filed on SEDAR within 45
days. The resource is based on historical data including 1,945 drill holes and
includes geological input from 144 trenches. The resource is constrained by
geological and grade domains and is incorporated within a conceptual open pit
with results being reported at an USD$1,100 per oz gold price.


The Umuna Zone Inferred Mineral Resource(2) comprises:



----------------------------------------------------------------------------
                                            GRADE              METAL        
Material  Cut-Off g/t         Tonnes                           Au        Ag 
           Au             (1,000,000)   Au g/t    Ag g/t  (000 oz)  (000 oz)
----------------------------------------------------------------------------
Oxide     0.36                   7.0       0.8        14      170     3,100 
----------------------------------------------------------------------------
Fresh     0.50                  36.1       1.2       4.7    1,400     5,400 
----------------------------------------------------------------------------
TOTAL                             43       1.1       6.1    1,570     8,500 
----------------------------------------------------------------------------



Notes



1.  Rounding may cause apparent computational errors 
2.  Cut-off based on USD$1,100 per oz Au 
3.  Mineral Resources that are not Mineral Reserves do not have demonstrated
    economic viability. As there are no Measured or Indicated Resources,
    there cannot be any Mineral Reserves at this time. There can be no
    assurances that an inferred mineral resource will ever be updated to an
    indicted or measured mineral resource. 



Acquisition of the Misima Mines Pty Ltd Database (MMPL) from Barrick Papua New
Guinea was completed in late 2012. This database includes an extensive array of
surface sampling including 11,846 soil, 2,941 rock, 4,853 trench and 25,980
channel samples. Included in the MMPL data are 2,640 exploration drill holes of
which 2,613 have assay data. In addition there are 467,316 located blast hole
assays. Subsequently, drill core photographs, mine feasibility documentation,
petrological data and production records including reconciliations have been
sourced. Surfaces for original topography, current topography and as mined
topography were compiled from this data. 


WCB has been actively validating, compiling and auditing this data with the
assistance of suitably qualified professionals whose careers have a history with
the Misima Project and the Placer Pacific (ASX) / Placer Dome (TSX) Quality
Control / Quality Assurance Protocols and Procedures including database
development and design, resource modelling and reconciliation.


Cameron Switzer, President and CEO said "this resource is an important milestone
for our company as firstly it demonstrates the upside and potential of this
project and secondly transforms WCB from a pure exploration group to a company
with a potential development and commercialisation scenario. Importantly, as our
team continue to dissect and further understand the data, our confidence level
grows to support the idea that the Misima Project is one of those rare Tier 1
Exploration plays. Clearly we have significant extension potential both at depth
and along strike. Amazingly, this is just the gold project and does not include
the Porphyry Cu Au Ag project nor the Quartz Mountain Project both of which
continue to impress with early stage exploration results." 


Recommendations have been made by the qualified persons as to the future work
program assigned to this project to improve the levels of confidence. They
include drill testing of the identified extensions of the inferred resource
along strike as well as at depth. Improvement in the detailed surface control is
also suggested.


WCB is also actively interpreting and validating potential significant strike
extensions to this resource where highly anomalous soil samples and channel
sample data are observed. 


1. Umuna Zone: 

The Umuna Zone is described as a continuous region of gold and silver
mineralisation that has previously been commercially extracted via a continuous
open pit over a strike length in excess of 3.0 km. This zone is interpreted to
represent a major fault zone within which mineralisation is typically developed
in areas of increased fracture density and shearing. Mineralisation within this
zone is developed as disseminations, stockworks, fracture vein networks,
breccias, skarns and replacements. A strong lithological control association was
previously inferred with "greenstone" being the preferred host for the fracture
- stockwork development and limestone for the skarns and replacements. A strong
base metal association of Zn, Pb +/- Cu is evident. This hydrothermal system has
previously been ascribed a generic classification of Epithermal Base Metal
Carbonate Deposit having significant volumes of massive silica near surface and
an extensive sericite - carbonate halo in deeper levels. The deposit appears to
be zoned from both an alteration perspective and a geochemical perspective.


Approximately 86Mt was mined from 1989 to 2004 at an average grade of 1.46 g/t
Au and 15.6 g/t Ag. Recoveries for gold averaged 91.5% and for silver 43.9% over
the life of mine. Project economics were based on a USD$300 per ounce gold
price. The nominal cut off grade used for extraction was 0.7 g/t Au. Mining
activity ceased in May 2001 and milling of remnant stockpiles finished in 2004.


This mining was via a staged development process that resulted in six (6)
planned pit extensions (termed Stage 1 to Stage 6). In addition exploration
success at Tonowak resulted in a subsequent final open pit on a major fault
splay being mined. This staged mine development process resulted in fill
material being placed in pit Stages 1 through to Stage 5.


Outside of the Umana Zone there were three (3) small pits developed in the
Quartz Mountain Area. Production from these pits, although minor, is included in
the figures above. 


2. About the Inferred Resource Estimate

The inferred mineral resource estimate was prepared with the objective of
defining gold and silver resources amenable to open pit extraction.


Drill data have been converted from the Geolog format to an MS Access format.
Drill data included assay (Au, Ag, Cu, Pb, and Zn), geology, sample type (RC,
diamond), and oxidation state. These data were imported into Datamine. Resource
domains were constructed using 50m spaced drill sections and the limits of
mineralisation were modelled using a combination of both geological and assay
data from exploration drill holes and blast holes. A total of seven (7) domains
were defined over a strike length of 3.0km. Drill sample lengths were composited
to 2 m, compositing within each of the domains. Top cuts were applied ranging
from 2.0 g/t Au to 25 g/t Au in the various domains.


Variography was completed with average variograms being fitted to each of the
domains. Dynamic Anisotropy was used in the estimation process to allow for
re-orientation of the search and estimation processes.


Model limits were based on the extent of the mineralised domain wireframe and
the block size of 5 m (east mine grid), 15 m (north mine grid) and 10 m
(vertical) was utilised as it best reflects drill spacing, general anisotropy
and the scale of the model/mining.


Grade estimation was completed in Datamine. The estimation method utilised was
Ordinary Kriging with Inverse Distance Squared and Nearest Neighbour estimates
completed for model verification purposes. A minimum of 5 composites and a
maximum of 25 composites were used to estimate each block. Density values were
assigned to the model blocks according to material type (Oxide 2.10 tpm3, Fresh
2.49 tpm3, Fill 1.90 tpm3 and Water 1.0 tpm3), these were in accord with the
densities determined during previous production.


Resource model validation was achieved using several processes that included
Model Walk Through, where the model was compared to drillholes in section and in
plan. Comparison was undertaken of estimation methodologies from Ordinary
Kriging, Inverse Distance Squared and Nearest Neighbour with results supporting
the Ordinary Kriging results. In addition, data from the 467,316 blasthole
assays was utilised to generate a comparison between the as mined blasthole data
and the as mined exploration drill hole resource data for all material. The net
result was that the resource model based on mined material has a high level of
confidence. To validate this, Swath Plots were generated confirming the
confidence level.  


The reported resource was limited via a Whittle optimised pit generated by AMC
to provide a realistic limit on the reported resource and ensure that it meets
the reasonable prospects for eventual economic extraction test to be reported as
a mineral resource. AMC used reasonable assumptions related to costs and
processing based on AMC's experience, to produce the constraining pit. In order
to ensure there were reasonable prospects for eventual economic extraction, the
blocks reported were within a constraining pit based on USD$1,400 per oz Au and
USD$19 per oz Ag. These prices are the 4 year rolling averages for the relevant
metals rounded down.


The surfaces utilised in the Whittle Pit Optimisations were constructed using
the following:




1.  Current Topographic Surface: Constructed from final surface maps and
    digital data provided in the MMPL database. Confirmed by surface
    examination and digital elevation data obtained during the helicopter
    supported magnetic survey. 
2.  Final Pit Surface for previous mining: Constructed from the digital data
    provided by MMPL, validated by the blasthole data and numerous plans and
    maps obtained from archives.



Qualified Persons

The technical and scientific disclosure of the inferred mineral resource
estimate has been reviewed and approved by Mr Peter Stoker an Honorary Fellow of
the Australasian Institute of Mining and Metallurgy and a Chartered
Professional, and a full time employee of AMC Consultants Pty Ltd who is a
"qualified person" as defined by the National Instrument 43-101. Mr Stoker is
independent of WCB Resources and has reviewed and approved the contents of this
news release with respect to the mineral resource estimate.


About EL1747 

From a geological and mineral deposits perspective, EL1747 is located in the
same terrain and geological region that includes the deposits of Grasberg, Ok
Tedi, Hidden Valley, Wafi-Golpu, Lihir, Simberi and Panguna as well as
significant projects such as Tolukuma, Kainantu and Woodlark Island. Misima
Island has previously demonstrated mineral deposit pedigree through the past
production of 4.0M ounces of gold and 20M ounces of silver from various
operations but most recently the Misima Mine owned by Placer Dome Asia Pacific.
This mine ceased open pit production in 2001 and closed in 2004.


EL1747 Misima consists of 53 sub blocks covering an area of 180km2. The
exploration license was targeted due to the presence of a significant high order
copper stream sediment anomaly in multiple drainages which has received limited
detailed follow up activity. Furthermore, additional high order gold and zinc
anomalies have been identified and require follow up detailed work.


WCB can obtain up to a 70% interest in EL1747 Misima by spending a total of
AUD$9.0M within a 4 year timeframe subject to standard regulatory approvals.


Further details of this announcement and further technical information regarding
Misima Island and EL1747, can be located at www.wcbresources.com/news-releases/.


About WCB Resources 

WCB is an aggressive minerals exploration and development company that brings
together a strong, interdisciplinary, and proven management team with the
ability to take a project from discovery right through to operation.


WCB's strategy is to build shareholder value through acquisition, exploration
and development of copper gold projects. This strategy is being developed by a
synthesis of WCB's core skills in project evaluation, structured acquisition,
exploration and project development and operations, areas where WCB directors
and executives have significant experience.


We believe that our capabilities and experience, combined with an efficient
corporate structure, provide tremendous potential upside for investors. WCB is
engaged in an ongoing search and evaluation of additional copper gold projects
in the Asia Pacific region.


On behalf of the Board of Directors

Cameron Switzer, President and Chief Executive Officer

For further information please contact:

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


Forward Looking Statements: This news release includes certain statements that
may be deemed "forward-looking statements". All statements in this release,
other than statements of historical facts, including, without limitation,
statements potential mineralization, the estimation of mineral resources, the
realization of mineral resource estimates, interpretation of prior exploration
and potential exploration results, the timing and success of exploration
activities generally, the timing and results of future resource estimates,
permitting time lines, metal prices and currency exchange rates, availability of
capital, government regulation of exploration operations, environmental risks,
reclamation, title, and future plans and objectives of the company are
forward-looking statements that involve various risks and uncertainties.
Although the Company believes the expectations expressed in such forward-looking
statements are based on reasonable assumptions, such statements are not
guarantees of future performance and actual results or developments may differ
materially from those in the forward-looking statements. Forward-looking
statements are based on a number of material factors and assumptions. Factors
that could cause actual results to differ materially from those in
forward-looking statements include failure to obtain necessary approvals in
respect of a transaction, unsuccessful exploration results, changes in project
parameters as plans continue to be refined, results of future resource
estimates, future metal prices, availability of capital and financing on
acceptable terms, general economic, market or business conditions, risks
associated with operating in foreign jurisdictions, uninsured risks, regulatory
changes, defects in title, availability of personnel, materials and equipment on
a timely basis, accidents or equipment breakdowns, delays in receiving
government approvals, unanticipated environmental impacts on operations and
costs to remedy same, and other exploration or other risks detailed herein and
from time to time in the filings made by the company with securities regulators.
Mineral exploration and development of mines is an inherently risky business.
Accordingly the actual events may differ materially from those projected in the
forward-looking statements. For more information on the Company, investors
should review their annual filings that are available at www.sedar.com. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.


The Company relies on litigation protection for "forward looking" statements.
Actual results could differ materially from those described in the news release
as a result of numerous factors, some of which are outside the control of the
Company.


FOR FURTHER INFORMATION PLEASE CONTACT: 
WCB Resources Ltd
Cameron Switzer
cswitzer@wcbresources.com


WCB Resources Ltd
Shaun Maskerine
smaskerine@wcbresources.com


Investor Relations:
Ironstone Capital Corp.
Lee Bowles
416 941 1253
lbowles@ironstonecapital.ca

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