WCB Resources Identifies South Eastern Extensions of the Umuna Zone at Kulumalia, Misima Island, Papua New Guinea

VANCOUVER, CANADA--(Marketwired - July 28, 2015) -

Highlights include:

• Kulumalia mineralisation extended 500m to the south east
  
  
• Extensions are not included in the Umuna Mineral Resource
  
  
• Historic drill data indicate significant upside including
  

	56m @ 1.30 g/t Au, 14 g/t Ag from 40m (KRC421)
	36m @ 1.90 g/t Au, 13 g/t Ag from 48m (KMD470)
	34m @ 1.09 g/t Au, 7 g/t Ag from 100m (KRC404)

WCB Resources Ltd ("WCB" or the "Company") (TSX VENTURE:WCB) announced an updated mineral resource reported in accordance with National Instrument 43-101 ("NI 43-101") for the Umuna Zone and Ewatinona Prospects on its Misima Island Project in Papua New Guinea on May 7, 2015. Recent exploration activities have focussed on systematic mapping and sampling along with further data interpretation and compilation aimed at identifying the highest priority targets.

Kulumalia is the south eastern extension of the plus 3km strike extensive Umuna Zone. Previous mining at Kulumalia has extracted near surface gold bearing material over a length of 500m to depths of up to 100m below surface. Recent ongoing systematic studies have identified the extension of this zone an additional 500m to the south east.

The Kulumalia extension not included in the mineral resource is identified by variably brecciated semi continuous siliceous zones on surface associated with anomalous soil and rock chip results. Historic drill data is more sparse than the area mined with 37 holes being completed on 50m sections over the 500m strike, but interpretation of the data suggests well developed continuity in multiple gold bearing zones.

WCB expects that with minimal additional drilling the Kulumalia extension mineralisation may be included in future mineral resource statements.

Drill intersections in the Kulumalia extension include

	56m @ 1.30 g/t Au, 14 g/t Ag from 40m (KRC421)
	36m @ 1.90 g/t Au, 13 g/t Ag from 48m (KMD470)
	34m @ 1.09 g/t Au, 7 g/t Ag from 100m (KRC404)
	10m @ 2.28 g/t Au, 25 g/t Ag from 128m (KRC463)
	30m @ 1.47 g/t Au, 28 g/t Ag from 194m (KMD463 - deepest hole in area)
	10m @ 1.57 g/t Au, 13 g/t Ag from 28m (KMD466)
	10m @ 1.64 g/t Au, 8 g/t Ag from 108m (KMD466)

Cameron Switzer, President and CEO said, "The recognition of the Kulumalia extension by the team may well prove to be critical factor in unlocking the gold potential as not only is this extension defined over a significant distance, but it also brings the opportunity for near surface oxide mineralisation that can be accessed early in any future start up. Drilling in this area has only been completed to a maximum depth below surface of 140m and we know that, based on drilling to the north on Umuna, well developed intersections several hundred metres deeper are still open at depth."