WZR

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or the
"Company") is pleased to announce that it has closed its previously announced
additional private placement (the "Private Placement") of common shares of the
Company ("Common Shares"). Pursuant to the Private Placement, the Company sold,
through a syndicate of agents, 11,431,422 Common Shares at a price of C$1.25 per
share for gross proceeds of approximately C$14.3 million. The Common Shares
issued under the Private Placement were issued pursuant to applicable exemptions
from prospectus requirements and are subject to resale restrictions until August
5, 2013 in accordance with applicable securities laws.


Pursuant to the Private Placement, the Richard Chandler Corporation ("RCC")
purchased 9,147,271 Common Shares and Crest Energy International Ltd. ("Crest")
purchased 2,284,151 Common Shares. Following the Private Placement, RCC holds
71,817,271 Common Shares (approximately 15.1% of the outstanding Common Shares)
and Crest holds 93,998,437 Common Shares (approximately 19.8% of the outstanding
Common Shares).


Simon Hatfield, WesternZagros's Chief Executive Officer commented: "We are very
pleased to close this additional private placement with Richard Chandler
Corporation and Crest Energy International, especially at a premium to market.
Securing strong support from our two largest shareholders validates their
confidence in our business plan."


David Walker, RCC's Chief Executive Officer, said: "The Richard Chandler
Corporation's participation in this private placement reflects our continued
confidence in WesternZagros as a leader in the development of a dynamic oil and
gas industry in Iraq's Kurdistan Region. With the support of our additional
funding, WesternZagros is well positioned to undertake an active exploration and
appraisal program during 2013."


The syndicate of agents was led by RBC Capital Markets and included FirstEnergy
Capital Corp, Dundee Securities, Macquarie Capital Markets Canada Ltd. and Toll
Cross Securities Inc. (collectively the "Agents"). In connection with the
Private Placement, the Agents received a fee equal to approximately C$0.6
million of the gross proceeds of the Private Placement, resulting in net
proceeds to the Company of approximately C$13.7 million.


The net proceeds from the Private Placement will be used to reduce the principal
amount outstanding under the previously announced senior secured loan agreement
with Crest.


Neither this news release nor any of the information contained in it shall form
or constitute an offer or invitation to any person to sell or any solicitation
of an offer to buy or subscribe for any securities in the United States or
elsewhere, nor will it form the basis of any contract for the purchase of or
subscription for any securities nor shall there be any sale of these securities
in any jurisdiction in which such offer, solicitation or sale would be unlawful.
The Common Shares being offered have not been and will not be registered under
the United States Securities Act of 1933, as amended (the "U.S. Securities
Act"), or any state securities laws, and accordingly are not being offered for
sale and may not be offered, sold or delivered, directly or indirectly within
the United States, its possessions and other areas subject to its jurisdiction
or to, or for the account or for the benefit of a U.S. person, except pursuant
to an exemption from the registration requirements of the U.S. Securities Act
and applicable state securities laws.


About WesternZagros Resources Ltd.

WesternZagros is an international natural resources company focused on acquiring
properties and exploring for, developing and producing crude oil and natural gas
in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds a 40
percent working interest in two Production Sharing Contracts with the Kurdistan
Regional Government in the Kurdistan Region of Iraq. WesternZagros's shares
trade in Canada on the TSX Venture Exchange under the symbol "WZR".


About Richard Chandler Corporation

The Richard Chandler Corporation builds and operates businesses in energy and
environment, consumer, financial services, and healthcare, with operations in
Asia and the Pacific, Africa, the Americas, Europe, and the Middle East. The
Corporation's vision of Building Great Companies and Great Nations reflects its
belief in the power of business to drive national prosperity. In all its work,
the Corporation places a special emphasis on good corporate governance as a
crucial element of business sustainability and increasing stakeholder value.


This news release contains certain forward-looking information relating, but not
limited, to the use of proceeds from the Private Placement, Crest Loan and the
issuance of Common Shares to Crest on March 18, 2013. Forward-looking
information typically contains statements with words such as "anticipate",
"plan", "estimate", "expect", "potential", "could", or similar words suggesting
future outcomes. The Company cautions readers not to place undue reliance on
forward-looking information as by its nature, it is based on current
expectations regarding future events that involve a number of assumptions,
inherent risks and uncertainties, which could cause actual results to differ
materially from those anticipated by WesternZagros. In addition, the
forward-looking information is made as of the date hereof, and the Company
assumes no obligation to update or revise such to reflect new events or
circumstances, except as required by law.


Forward-looking information is not based on historical facts but rather on
management's current expectations and assumptions regarding, among other things,
timely receipt of all necessary stock exchange approvals, plans for and results
of drilling activity and testing programs, future capital and other expenditures
(including the amount, nature and sources of funding thereof), continued
political stability, and timely receipt of any necessary government or
regulatory approvals. Although the Company believes the expectations and
assumptions reflected in such forward-looking information are reasonable, they
may prove to be incorrect. Forward-looking information involves significant
known and unknown risks and uncertainties. A number of factors could cause
actual results to differ materially from those anticipated by WesternZagros
including, but not limited to, risks associated with the oil and gas industry
(e.g. operational risks in exploration; inherent uncertainties in interpreting
geological data; changes in plans with respect to exploration or capital
expenditures; interruptions in operations together with any associated insurance
proceedings; the uncertainty of estimates and projections in relation to costs
and expenses and health, safety and environmental risks), the risk of commodity
price and foreign exchange rate fluctuations, the uncertainty associated with
negotiating with foreign governments and risk associated with international
activity. For further information on WesternZagros and the risks associated with
its business, please see the Company's Annual Information Form dated March 26,
2012, which is available on SEDAR at www.sedar.com.


WESTERNZAGROS RESOURCES WAS RECOGNIZED AS A TSX VENTURE 50(R) COMPANY IN 2012
AND 2013. TSX VENTURE 50 IS A TRADE-MARK OF TSX INC. AND IS USED UNDER LICENSE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
WesternZagros Resources Ltd.
Greg Stevenson
Chief Financial Officer
(403) 693-7007


WesternZagros Resources Ltd.
Tony Kraljic
VP Business Development
(403) 693-7011


WesternZagros Resources Ltd.
Lisa Harriman
Manager of Investor Relations
(403) 693-7017
investorrelations@westernzagros.com
www.westernzagros.com


Smithfield Group
John Kiely
+44 (0) 20 7360 4900
jkiely@smithfieldgroup.com


Smithfield Group
Brett Jacobs
+44 (0) 20 7360 4900
bjacobs@smithfieldgroup.com


Smithfield Group
James McFarlane
+44 (0) 20 7360 4900
jmcfarlane@smithfieldgroup.com

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