WAT.P Whatcom Capital II Corp

Waterloo Resources Ltd. (TSX VENTURE: WAT.P) ("Waterloo" or the "Company"), a Vancouver based Capital Pool Company listed on the TSX Venture Exchange (the "Exchange") is pleased to announce that it has posted a Filing Statement dated August 14, 2009 on SEDAR (www.sedar.com) disclosing the details of its Qualifying Transaction and concurrent private placement financing. The Qualifying Transaction is scheduled to close on or about September 3, 2009 and remains subject to final Exchange approval.

ON BEHALF OF WATERLOO RESOURCES LTD.

Marcel de Groot, President, Chief Executive Officer and Director

Robin Manweiler, Director

NEITHER 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.

Contacts: Waterloo Resources Ltd. Sam Wong (604) 628-1161 (604) 688-0094 (FAX)