|June 30, 2011|
Western Pacific Completes $2.5 Million Private Placement
|Vancouver, British Columbia, June 30, 2011 -- Western Pacific Resources Corp. (WRP -- TSXV) is pleased to announce that it has closed its previously announced non-brokered private placement of $2.5 million by issuing 4,545,000 units at $0.55 per unit. Each unit consists of one common share and one-half of a warrant, each whole warrant entitling the holder to purchase one additional common share at $0.75 exercisable for one year. The Company also issued 11,100 units and 272,700 warrants as finders' fees in connection with the financing. Each finder's fee warrant entitles the holder to purchase one common share at $0.75 exercisable for one year. All of the shares and warrants have a resale restriction until October 30, 2011.|
About Western Pacific
Western Pacific is a gold explorer focused on acquiring advanced-stage projects in the Western United States, and has the right combination of exploration and financial professionals to succeed in making a world class gold discovery. For more information, please visit our website at www.westernpacificresources.com.
Curt Everson, M.Sc., P.Geo., is Western Pacific's Qualified Person for the purposes of National Instrument 43-101 and has prepared or supervised the preparation of the disclosure of any scientific and technical information contained in this news release.
ON BEHALF OF THE BOARD
Warwick Smith, Chief Executive Officer
Tel: (604) 801-5432
Fax: (604) 662-8829
Neither the TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this news release.
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