June 2017 Quarterly Activities and Cashflow Report

Scarborough , Australia (FSCwire) - West African Resources Limited (ASX: WAF) is pleased to report activities on its 100%-owned gold and copper-gold projects in Burkina Faso, West Africa, for the quarter ending 30 June 2017.

Highlights

Sanbrado Gold Project

• High-grade diamond drilling results from M1 more than 400m down hole

• Mineralisation at M1 now more than double the average depth of the current reserve

• Deep drilling at M1 and M5 targeting open zones & infill drilling targeting category upgrades

• Ground geophysical surveys commenced targeting additional M1-style mineralisation

• Resource for M1 and M5 update on track for Q3 2017

• C$17.25m bought deal private placement completed post quarter end

M1 drilling adds further high-grade at depth

• 22m at 10.5 g/t Au from 373.5m including 1.5 m at 61.7 g/t Au (TAN17-DD110A)

• 15m at 12.4 g/t Au from 431.5m including 2.5 m at 57.6 g/t Au (TAN17-DD110A)

• 21m at 53.1 g/t Au from 408.5m including 1 m at 1,071.9 g/t Au (TAN17-DD111)

• 14.5m at 38.3 g/t Au from 459m including 4.5 m at 104.2 g/t Au (TAN17-DD111)

• 2.5m at 58.9 g/t Au from 254m including 0.5 m at 280.3 g/t Au (TAN17-DD128)

• 2.5m at 24.4 g/t Au from 162m including 0.5 m at 64.9 g/t Au (TAN17-DD129)

M5 drilling hits solid mineralisation beneath reserve pit shell

• 7m at 3.3 g/t Au from 179m (TAN17-DD105B)

• 20m at 2.1 g/t Au from 178m (TAN17-DD116)

• 36.5m at 2.5 g/t Au from 320m (TAN17-DD118)

• 20m at 1.5 g/t Au from 187m (TAN17-DD121)

• 40.5m at 1.4 g/t Au from 240m (TAN17-DD122)

• 12m at 3.3 g/t Au from 211m (TAN17-DD126)

• 37m at 2.4 g/t Au from 298.5m (TAN17-DD127)

• 25.5m at 1.9 g/t Au from 341.5m (TAN17-DD127)

Managing Director Richard Hyde commented:

“The 2017 June quarter added further value at Sanbrado with ultra-high grade mineralisation intercepted at more than 400m down hole, more than double the reserve depth from the February feasibility study. TAN17-DD111 returned a spectacular result with 1.6 kilograms of gold per tonne over a half metre sample, within 21m at 53.1 g/t Au. A second deeper zone in TAN17-DD111 returned and 14.5m at 38.3 g/t Au including 4.5 m at 104.2 g/t Au."

Late in the June quarter the Company announced a C$17.25m bought deal private placement led by Sprott Capital Partners. The deal subsequently closed post the end of the quarter on 24th July, 2017. The Company now has approximately $26m in cash and is fully funded for all 2017 work programs.

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