WPC Resources Announces New Ulu Property Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 21, 2017) - WPC Resources Inc. (the "Company" or "WPC") (TSX VENTURE:WPQ) is pleased to report it has entered into a letter agreement with Mandalay Resources Corporation ("Mandalay") under which the Company may option and acquire a 100% interest in the Ulu Gold Property ("Ulu") located in Nunavut Territory, Canada. The new option agreement will supersede the Ulu Option Agreement dated May 30, 2014 (WPC news release dated June 2, 2014) and the Lupin Mines Inc. Purchase Agreement dated October 31, 2016 with respect to Ulu (WPC news release dated November 1, 2016 and March 3, 2017).