WPR

White Pine Resources Inc. (TSX VENTURE:WPR) ("White Pine") is pleased to
announce that it has reached an agreement to reinstate and amend the terms of
its option agreements pursuant to which it may earn a 100% interest in each of
the properties known as the Money and Tender properties (the "Yukon
Properties"), located in the White Gold District, Yukon, subject to a 2% net
smelter returns royalty (the "NSR") on each of the Yukon Properties.


The original terms of the agreement were announced in a press release dated
February 14, 2011, and the due dates for each of the original remaining cash
payments, share issuances and exploration expenditure obligations have been
extended by one year. Under the terms of the amended agreement for the Money
property, White Pine has made a cash payment of $25,000 and issued 150,000
common shares, both of which will be applied to the option payment due in
February 2013. Under the terms of the amended agreement for the Tender property,
White Pine has made a cash payment of $25,000 and issued 100,000 common shares,
both of which will be applied to the option payment due in February 2013.


In the event White Pine terminates the option on the Money property on or prior
to February 8, 2013, the $25,000 cash payment made under the terms of the Money
property shall be credited against the cash payment payable by February 9, 2013
with respect to the Tender property, and the 150,000 common shares issued under
the terms of the Money property shall be credited against the common shares
issuable by February 9, 2013 with respect to the Tender property.


In the event White Pine terminates the option on the Tender property on or prior
to February 8, 2013, the $25,000 cash payment made under the terms of the Tender
property shall be credited against the cash payment payable by February 9, 2013
with respect to the Money property, and the 100,000 common shares issued under
the terms of the Tender property shall be credited against the common shares
issuable by February 9, 2013 with respect to the Money property.


About White Pine Resources Inc. 

White Pine is a Canadian based mineral exploration company primarily focused on
the acquisition, exploration and development of mineral deposits in Canada.


Forward Looking Statements - Certain information set forth in this news release
may contain forward-looking statements that involve substantial known and
unknown risks and uncertainties. These forward-looking statements are subject to
numerous risks and uncertainties, certain of which are beyond the control of
White Pine, including, but not limited to the impact of general economic
conditions, industry conditions, volatility of commodity prices, risks
associated with the uncertainty of exploration results, currency fluctuations,
dependence upon regulatory approvals, the availability of financing and
exploration risk. Readers are cautioned that the assumptions used in the
preparation of such information, although considered reasonable at the time of
preparation, may prove to be imprecise and, as such, undue reliance should not
be placed on forward-looking statements.


Shares Outstanding: 33,966,533

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