Placing Completes Finance Package for First Phase

17 August 2016

W Resources Plc

("W" or the "Company")

Placing Completes Finance Package for First Phase of La Parrilla FTM Mine Development

W Resources Plc (AIM:WRES), the tungsten, copper and gold, exploration and development company with assets in Spain and Portugal, has completed a placement of 171,428,569 ordinary shares of 0.1p per share ("Ordinary Shares") at 0.35p per Ordinary Share to raise approximately £600,000 (the "Placing"), before expenses to existing shareholders and Directors of W.

The funds raised complete the finance package for the first phase of the La Parrilla FTM Mine Development which has been achieved with limited dilution of shareholders while retaining 100% of the valuable La Parrilla project.

Application has been made for the new Ordinary Shares being issued in connection with the Placing to be admitted to trading on AIM which is expected to occur on or around 24 August 2016. The funds raised will be used to advance La Parrilla to start up production and provide working capital.

Related Party Transaction

The placees include Symmall Pty Limited as trustee of the Masterman Superannuation Fund of which Mr. Michael Masterman (a director of the Company) is both a beneficiary and trustee, which has subscribed for 28,571,428 Ordinary Shares amounting to £100,000 and Beronia Investments Pty Ltd ATF Duke Trust of which Dr. Byron Pirola (a director of the Company) is both a beneficiary and trustee, who has subscribed for 28,571,428  Ordinary Shares amounting to £100,000.

The participation in the Placing of Mr. Masterman and Dr. Byron Pirola falls to be treated as a related party transaction under AIM Rule 13. The independent director, being Mr. David Garland, having consulted with Grant Thornton UK LLP (the Company's nominated adviser), confirms that he is satisfied that the terms of Mr. Masterman and Dr. Pirola's participation in the Placing are fair and reasonable insofar as the Company's shareholders are concerned.

Following the issue of all new Ordinary Shares, the Company will have 4,168,188,281 Ordinary Shares in issue and:

Mr. Michael Masterman (and related parties) will be interested in 974,453,929 Ordinary Shares in the Company, representing 23.38 per cent of the Company's total voting rights; and

Dr. Byron Pirola will be interested in 278,781,176 Ordinary Shares in the Company, representing an interest of 6.69 per cent in the total voting rights.

Following admission of the new Ordinary Shares, the Company's enlarged issued share capital will comprise 4,168,188,281 Ordinary Shares with voting rights. The Company has no shares held in Treasury. This figure of 4,168,188,281 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.

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About La Parrilla

The La Parrilla project site is situated in the Extremadura region of southwest Spain, in the Provinces of Caceres-Badajoz, approximately 310 km southwest of Madrid. The site has exceptional infrastructure in place, which is accessed directly from the highway along a 3 km asphalt road and is serviced by electricity and water. The project comprises a tungsten mine and a tungsten tailings project. The mineral resource estimated by Golder in February 2016 at 0.04% WO3 cut-off grade is 51 million tonnes at 0.096% WO3 and 0.108 Sn, making it one of the largest tungsten deposits in the western world.