Waseco Resources Inc.: News Release July 9, 2008

Waseco Resources Inc. (TSX VENTURE: WRI)(FRANKFURT: WSE) is pleased to advise its shareholders that the Board of Directors has granted a total of 800,000 options to directors and senior management pursuant to the Company's Stock Option Plan. Each option is exercisable at a price of $0.25 per share on or before June 25th, 2011. At the time of this grant, there were no options outstanding.

Waseco and AREVA are currently conducting field exploration for uranium on the Company's holdings in the Quebec Labrador Trough. The Company is listed for trading on the TSX Venture Exchange and on the Frankfurt Stock Exchange. There are approximately 30.3 million shares issued and outstanding.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contacts: Waseco Resources Inc. Richard Williams CEO (416) 364-3123 (416) 490-4218 (FAX) Email: blackwell@tcn.net Website: www.wasecoresources.com