Waseco Stock Option Grant

TORONTO, ONTARIO--(Marketwire -02/21/12)- Waseco Resources Inc. (TSX-V: WRI.V - News)(Frankfurt: WSE.F - News) today announced that the Board of Directors has approved the grant of 200,000 options to each of the five (5) directors, exercisable at a price of $0.10 per share for a period of three (3) years, expiring on February 21, 2015.

Waseco Resources Inc. is an exploration company focused on uranium exploration in the Quebec Labrador Trough and gold exploration in Kalimantan. The Company is debt free and trading on the TSX Venture Exchange and the Frankfurt Stock Exchange. There are currently approximately 30.3 million shares issued and outstanding.

For further information on Waseco, please visit the Waseco web site at www.wasecoresources.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.