REE E Tech Resources Inc

Waterloo Resources Ltd. (TSX VENTURE:WAT) ("Waterloo or the "Company"),
announces that it has received analytical results from the 2012 field program
(the "2012 Program") carried out on the Ice River property.


2012 Program

The 2012 Program was designed to follow-up and expand rare earth element
("REE"), niobium ("Nb"), and Zn-Pb-Ag-Au soil geochemical and in-situ rock grab
sample anomalies, discovered in recent exploration programs between 2007 and
2011. A total of 121 rock samples were collected, including 49 chip and channel
samples from the new Yippie REE showing. Infill geochemical sampling and new
soil lines near the south limit of the property added an additional 133 soil
samples and 6 stream-silt samples. A subset of 4 rock samples was submitted to
the University of British Columbia ("UBC") for petrographic analysis and
REE-carrier mineral identification. 


The soil geochemical results along the east flank of Buttress Peak reveal a
well-defined ovoid-shaped REE-Zn-Mn-Ba-Mo soil geochemical anomaly that is
approximately 1,000 meters by 500 meters in size and open in three directions.
Geological mapping and prospecting in the area of the soil anomaly confirmed the
presence of several sheeted arrays of carbonatite, syenite and spatially
associated stratabound layers of replacement REE (+-Zn) mineralization in host
limestone. Numerous zones of stratabound mineralization were confirmed; the best
exposed and most accessible mineralized site (the new Yippie REE showing) was
subject to over 100 meters of continuous channel and chip sampling. Analytical
results from the Yippie showing returned an overall weighted average of 0.259%
Total Rare Earth Oxides ("TREO") over 61.4 meter true thickness. The best zone
of continuous mineralization returned 0.489% TREO over 24.41 meter true
thickness. This zone included eight - 2 meter sample intervals over 0.50% Total
Rare Earth Element ("TREE"), with a best sample interval of 1.50% TREO. 


Since 2010, 101 rock samples have been collected from the anomalous REE zone
along the SE flank of Buttress Peak. Forty-four of these samples have returned
anomalous REE (greater than 0.3% TREO), with 20 of these samples returning
greater than 1.0% TREO, and 11 returning greater than 2.0% TREO. The best sample
from 2012 returned 4.01% TREO. Stratabound mineralization in the Buttress Peak
zone is consistently Light REE ("LREE") enriched, with Heavy REE ("HREE")
contents averaging 1.8% of the REE total. The UBC optical microscopy, SEM and
XRD study concluded that the main REE carrier minerals are burbankite (an
REE-bearing carbonate mineral) and subordinate monazite (an REE-bearing
phosphate mineral). In mineralized zones, burbankite reaches major mineral mode
status exceeding 10% of the rock volume. 


A new showing with highly anomalous base metals and REEs was also found at the
Ice River Property in 2012. Six samples from this zone returned up to 2.72% Zn,
2.41% Pb, 31.8 g/t Ag and 1.21% TREO (including 0.15% Heavy Rare Earth Oxides).
The discovery of this mineralization is considered significant as it occurs
along the same stratigraphic marker horizon which hosts REE mineralization at
the Yippie REE showing, and Ag-Pb-Zn-Cu-Au-REE mineralization at the Waterloo
Showing, where historical samples returned assays up to 3.69% Pb, 16.10% Zn,
1.59% Cu, 27.30% Fe, 99.4 g/T Ag and 1.7 g/T Au (GSC Memoir 55, page 229). The
intervening 5 kilometer strike length between these two showings remains a
significant stratigraphic target of interest for future exploration focus. Along
this specific horizon, a cluster of Nb-rich syenite rock samples over a 350
meter by 160 meter area is also of economic interest, with samples from 2007
returning up to 0.561% Nb2O5. 


Recommendations for the property include ground-based mapping and prospecting to
refine the location and extent of REE, Nb, base- and precious-metal targets
along this 5+ kilometer prospective marker horizon. REE and Nb-bearing rocks are
considered to be attractive drill targets in the vicinity of the Yippie REE
showing.


Loans to Company 

The Company has received loans from a director of the Company totalling
C$240,000, which loans are long term and non-interest bearing.


J. Brown, P.Geo., is the Qualified Person under National Instrument 43-101
responsible for the scientific and technical information disclosed in this press
release. 


Forward-Looking Statements

This release contains certain "forward-looking statements" and certain
"forward-looking information" as defined under applicable Canadian and U.S.
securities laws. Forward-looking statements can generally be identified by the
use of forward-looking terminology such as "may", "will", "expect", "intend",
"estimate", "anticipate", "believe", "continue", "plans" or similar terminology.
Forward-looking statements include, but are not limited to work recommendations
on the Ice River property and terms of certain loans made to Waterloo Resources
Ltd. Forward-looking statements are based on forecasts of future results,
estimates of amounts not yet determinable and assumptions that, while believed
by management to be reasonable, are inherently subject to significant business,
economic and competitive uncertainties and contingencies. Certain of the
statements made herein by Waterloo Resources Ltd. are forward-looking and
subject to various risks and uncertainties, both known and unknown, many of
which are beyond the ability of Waterloo Resources Ltd. to control or predict.
Known and unknown factors could cause actual results to differ materially from
those projected in the forward-looking statements. 


Forward-looking information is subject to known and unknown risks and
uncertainties that may cause Waterloo Resources Ltd.'s actual results,
performance or achievements may be materially different from those expressed or
implied by such forward-looking information, and are developed based on
assumptions about such risks, uncertainties and other factors set out here in,
including but not limited to the inherent risks involved in the exploration and
development of mineral properties, the uncertainties involved in interpreting
drill results and other exploration data, the potential for delays in
exploration or development activities, mine development and production costs,
the projected life of the Company's mines, future production levels, the
geology, grade and continuity of mineral deposits, the possibility that future
exploration, development or mining results will not be consistent with the
Company's expectations, accidents, equipment breakdowns, title matters, labor
disputes or other unanticipated difficulties with or interruptions in production
and operations, fluctuating metal prices, unanticipated costs and expenses,
uncertainties relating to the availability and costs of financing needed in the
future, the inherent uncertainty of production and cost estimates and the
potential for unexpected costs and expenses, commodity price fluctuations,
currency fluctuations, regulatory restrictions, including environmental
regulatory restrictions and liability, competition, loss of key employees, and
other related risks and uncertainties. The Company undertakes no obligation to
update forward-looking information except as required by applicable law. Such
forward-looking information represents management's best judgment based on
information currently available. No forward-looking statement can be guaranteed
and actual future results may vary materially. Accordingly, readers are advised
not to place undue reliance on forward-looking statements or information.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Waterloo Resources Ltd.
Marcel de Groot
(604) 628-1102
(604) 688-0094 (FAX)

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