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

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