Waseco Resources Inc. - News Release

Waseco Elects S.G. Hawkins P.Eng. As
Director; Waseco will exhibit at the PDAC.

Waseco Resources Inc. "WRI" TSX-V
March 4 , 2005 News Release

March 4, 2005 - Toronto , Canada . Waseco Resources Inc. (“WRI”-TSX-V) is pleased to welcome Stan Hawkins to its Board of Directors. Stan is a mining engineer and has been a senior mining executive over the past 25 years.

“I welcome the opportunity to get involved with Waseco, and I am particularly excited by the prospects of exploring for Uranium” stated Mr. Hawkins. “The potential of the 105 square kilometre area recently acquired in the Central Mineral Belt of the Quebec Labrador Trough has been clearly identified in previous work, including drilling by such majors as Eldorado Nuclear and Uranerz.”

The 5 properties acquired by Waseco contain uranium values, as reported by the Ministry of Energy and Resources of Quebec, and also contain associated copper, gold, and silver mineralization. The Ministry has numbered and catalogued mineralization identified by previous exploration.

As an example, Waseco's  deposit No.181-Bravo, situated east of Lac  Portage, covers 7 glacial trains containing uranium, copper, zinc, gold, and silver which were reported by Eldorado Nuclear Company, in 1987. The source of the mineralized float in the trains occurs in shear zones tied to the formation of the Agencourt Fault. Assays reported by the Ministry from samples on Waseco's claims, include the following:

Property 1: #181 Bravo: (Grabs) 38% U, 1.2% copper, 5% lead; #185 Lac Crabe: (Drill) 0.07% U over 1.2 metres, 3.71% Cu over 1.8m;

Property 2: #182 Otel: (Grab) 3.8% U, 6.88% copper; ( Drill) 0.1% U over 1m, 1.24 % Cu over 0.5 m; #175 Lac Cutus-Sud: (Drill) 0.96 % Cu over 3.37 m.; #176 Lac Cutus-Nord: (Trench) 3.05% Cu over 0.7m;.

Property 3: #234 Caribou: (Channel) 0.5% U over 1.0 m;

Property 4: #166 Pons Lake : (Boulders) 0.45% U, 0.31% U;

Property 5: #164, 165 Fenster Lake : ( Boulder ) 0.289 % U.

Waseco plans immediate exploration work consisting initially of an airborne radiometric and gravimetric survey followed by ground mapping and drilling of the targets outlined above plus any new targets identified from the airborne survey.  As previously released, funding for a large portion of this work is being provided under an agreement, covering 150 claims with Uranium Mines of Canada, based in London, England. Waseco retains two properties, totalling 60 claims, in its own right. The program will be under the supervision of Dr. C.W. Armstrong who worked in Australia for A.C.A. Howe International Ltd. during their exploration and discovery of the Jabiluka Uranium Deposit and subsequently became Chief Geologist for British Nuclear Fuels in charge of world-wide exploration. Dr. Armstrong opened the Howe International, London office, in 1978, and is now its Managing Director. Company Chairman, A.C.A. (Peter) Howe, was the founder of the firm, and sold substantially all of his interest and ceased active involvement in the mid 1990’s.

Waseco will be an exhibitor at the upcoming Prospectors and Developers Convention, March 6 th-9 th, and invites all shareholders and investors to visit Booth # 2132 in the Investors’ Exchange.


A.C.A. Howe

Contact: (416) 364-3123
e-mail: Blackwell@tcn.net


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