Waseco Initiates Uranium Drill Program

TORONTO, ONTARIO, Jul 13 (MARKET WIRE) --
Waseco Resources Inc. (TSX VENTURE: WRI)(FRANKFURT: WSE) is pleased to
announce that an initial diamond drilling program has started on its Du
Portage Uranium Project in the Quebec Labrador Trough, Canada. The
drilling is part of the $1.1 Million 2009 exploration program being
funded by the AREVA group.

The targets have been selected based upon favourable airborne geophysical
data, including a detailed electromagnetic (VTEM) survey completed
earlier in the year, and grab samples assayed following last year's field
work, which included 5 samples that assayed at the maximum for uranium,
at better that 1000ppm (greater than 0.1%- the maximum reading from
Neutron Activation/Mass Spectrometry (INAA/MS). multi-element analysis).

The initial focus of the program will be on a 3,000m by 1,500m area where
the presence, location, direction and dip of the most interesting
conductor structures have been interpreted to be by the AREVA geologists
and geophysicists.

The initial 1,400m program is planned to consist of 4 to 8 holes to
depths of 150m to 350m. The first 133 meters of good quality core have
been recovered from the first hole. The program is expected to take
approximately 1 month to complete.

Loic Garnier, Geo. and Exploration Director of AREVA Quebec, Inc. is the
Qualified Person under NI 43-101 who has reviewed and approved the
technical contents of this release. A.C.A (Peter) Howe, P.Eng. and
Qualified Person under NI 43-101, has reviewed the technical contents of
this release on behalf of the Company.

Waseco Resources Inc. is an exploration company focused primarily on
uranium exploration in the Quebec Labrador Trough where it is working
with the AREVA group. The Company is profitable, debt free and trading on
the TSX Venture Exchange and the Frankfurt Stock Exchange. There are
currently approximately 30.8 million shares issued and outstanding.

About AREVA

With manufacturing facilities in 43 countries and a sales network in more
than 100, AREVA offers customers reliable technological solutions for
CO2-free power generation and electricity transmission and distribution.
AREVA is the world leader in nuclear power and the only company to cover
all industrial activities in this field. AREVA's 75,000 employees are
committed to making sustainable development the focal point of the
group's industrial strategy.For further information on AREVA, please
visit the company web site at www.areva.com.

Neither the 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.

Contacts:
Waseco Resources Inc.
Richard Williams
President
(416) 364-3123
blackwell@tcn.net
www.wasecoresources.com

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