Waymar Resources Ltd. to Amend Exercise Price of Series 2010-I Warrants

VANCOUVER, Jul 15, 2013 - Waymar Resources Ltd. (TSX VENTURE:WYM) (the "Company" or "Waymar") announces that it will make an application to the TSX Venture Exchange (the "TSXV") to amend the exercise price of each of its 4,581,250 outstanding Series 2010-I warrants to $0.25 per share. The Series 2010-I warrants are exercisable until 5:00 p.m. (Vancouver time) on June 29, 2014, however, the proposed amendment to the exercise price will provide that if the closing price of the common shares of Waymar on the TSXV is equal to our higher than $0.31 per share for any 10 consecutive trading days during the unexpired term of the Warrant (the "Premium Trading Days"), the exercise period for the Warrants is to be amended by reducing the exercise period to 30 days, and for more certainty, the reduced exercise period of 30 days will begin 7 calendar days after the tenth Premium Trading Day (the Amended Acceleration Provisions").

An aggregate of 5,000,000 Series 2010-I warrants were originally issued on June 29, 2010 and were exercisable at $0.55 per share until 5:00 p.m. (Vancouver time) on June 29, 2012, provided that if the closing price of the common shares of Waymar on the TSXV is equal to or higher than $1.10 per share for a period of 20 consecutive trading days, Waymar may accelerate the expiry date of the Series 2010-I warrants to the 30th day after the date on which notice of the accelerated expiry date is given to the holders of such warrants by Waymar (the "Acceleration Provisions"). On June 20, 2012, the TSXV approved the Company's application to extend the term of its Series 2010-I warrants, such that the 4,581,250 outstanding Series 2010-I warrants become exercisable at $0.55 per share until 5:00 p.m. (Vancouver time) on June 29, 2013, subject to the Acceleration Provisions. On June 18, 2013, the TSXV approved the Company's application to extend the term of its Series 2010-I warrants, such that the 4,581,250 outstanding Series 2010-I warrants become exercisable at $0.55 per share until 5:00 p.m. (Vancouver time) on June 29, 2014, subject to the Acceleration Provisions.

The warrant amendments have been approved by the board of directors of the Company. The warrant amendments remain subject to TSXV approval and approval of the Warrantholders.


About Waymar Resources Ltd.

Waymar Resources Ltd. is a Canadian mineral exploration company that has acquired a 100% interest in the Anzá project located in the west of the Antioquia Department in the Republic of Colombia. Waymar also has 100% ownership of certain properties surrounding Anzá that cover the district's mineral potential and is continually seeking opportunities to acquire exploration properties. Colombia is a significant producer of gold, nickel, emeralds, petroleum and natural gas as well as a leading producer of coal in Latin America.


Waymar Resources Ltd.

Pablo Marcet
President & CEO



NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

This press release may contain "forward-looking statements" and "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects", "estimates", "intends", "anticipates" or "believes" or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", or "will be taken", "occur", or "be achieved". Forward-looking information is based on the reasonable assumptions, estimates, intentions, analysis and opinions of Waymar made at the date that such statements are made. Forward looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Waymar to be materially different from those expressed or implied by such forward-looking information, including the risk factors relating to receipt of regulatory and Warrantholder approval of the amendment to the exercise price of the 2010-I warrants, and as otherwise disclosed elsewhere in Waymar's public disclosure. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information contained herein is presented for the purposes of assisting investors in understanding Waymar's plans and objectives and may not be appropriate for other purposes. Waymar does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Shares Outstanding: 49,245,170



Contact

Waymar Resources Ltd.
Investor Relations
1-778-373-0100
info@waymarresources.com