Exercise of Warrants

16 June 2016

W Resources Plc

("W" or the "Company")

Exercise of Warrants

W Resources Plc (AIM:WRES), the tungsten, copper and gold exploration and development company with assets in Spain and Portugal, has received notification from legacy warrant holders with regard to the exercise of 84,933,333 warrants in the Company at an exercise price of 0.3p, for which W will receive gross proceeds of £254,800. Funds received will be used to provide additional working capital for the Company.

Application will be made to the London Stock Exchange to admit the 84,933,333 new ordinary shares of 0.1p per share ("Ordinary Shares") to trading on AIM. Admission of the new Ordinary Shares is expected to occur on or around 22 June 2016. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares.

Following admission of the new Ordinary Shares, the Company's enlarged issued share capital will comprise 3,967,759,712 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 3,967,759,712 Ordinary Shares may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

There are no further warrants in issue.

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