Waterloo Resources Ltd., Special/Extraordinary Shareholders Meeting, May 15, 2013., at 10:00 Pacific Standard Time. Location: DuMoulin Black LLP, Barristers and Solicitors. Agenda: To consider and approve the consolidation of all of the issued and outstanding common shares of Waterloo; to consider to authorizing and approving the acquisition of all the issued and outstanding common shares of Lowell Copper Inc.; to consider to increase the number of directors of Waterloo from three to six upon completion of the acquisition; to consider to elect three additional directors to the board of directors of Waterloo upon completion of the acquisition; and to consider to transact such other business as may properly come before the meeting or any adjournments or postponements thereof.

Eagle Plains Resources Ltd. and Waterloo Resources Ltd. announced that it has received analytical results from the 2012 field program carried out on the Ice River property. The 2012 program was designed to follow-up and expand rare earth element, niobium ("Nb"), and Zn-Pb-Ag-Au soil geochemical and in-situ rock grab sample anomalies, discovered in recent exploration programs between 2007 and 2011. A total of 121 rock samples were collected, including 49 chip and channel samples from the new Yippie REE showing. Infill geochemical sampling and new soil lines near the south limit of the property, added an additional 133 soil samples and 6 stream-silt samples. A subset of 4 rock samples was submitted to the University of British Columbia (UBC) for petrographic analysis and REE-carrier mineral identification. The soil geochemical results along the east flank of Buttress Peak reveal a well-defined ovoid-shaped REE-Zn-Mn-Ba-Mo soil geochemical anomaly that is 1000 meters by 500 meters in size and open in three directions. Geological mapping and prospecting in the area of the soil anomaly confirmed the presence of several sheeted arrays of carbonatite, syenite and spatially associated stratabound layers of replacement REE (+-Zn) mineralization in host limestone. Numerous zones of stratabound mineralization were confirmed; the best exposed and most accessible mineralized site (the new Yippie REE showing) was subject to over 100m of continuous channel and chip sampling. Analytical results from the Yippie showing returned an overall weighted average of 0.259% TREO (Total Rare Earth Oxides) over 61.4 meter true thickness. The best zone of continuous mineralization returned 0.489% TREO over 24.41 meter true thickness. This zone included eight ­ 2 meter sample intervals over 0.50% TREE, with a best sample interval of 1.50% TREO. A new showing with highly anomalous base metals and REEs was also found at the Ice River Property in 2012. Six samples from this zone returned up to 2.72% Zn, 2.41% Pb, 31.8 g/t Ag and 1.21% TREO (including 0.15% HREO). The discovery of this mineralization is considered significant as it occurs along the same stratigraphic marker horizon which hosts REE mineralization at the Yippie showing, and Ag-Pb-Zn-Cu-Au-REE mineralization at the Waterloo Showing, where historical samples returned assays up to 3.69% Pb, 16.10% Zn, 1.59% Cu, 27.30% Fe, 99.4 g/T Ag and 1.7 g/T Au (GSC Memoir 55, page 229). The intervening 5 kilometer strike length between these two showings remains a significant stratigraphic target of interest for future exploration focus. Along this specific horizon, a cluster of Nb-rich syenite rock samples over a 350 meter by 160 meter area is also of economic interest, with samples from 2007 returning up to 0.561% Nb2O5.

Waterloo Resources Ltd. announced that it has received analytical results from the 2012 field program carried out on the Ice River property. The 2012 Program was designed to follow-up and expand rare earth element ("REE"), niobium ("Nb"), and Zn-Pb-Ag-Au soil geochemical and in-situ rock grab sample anomalies, discovered in recent exploration programs between 2007 and 2011. A total of 121 rock samples were collected, including 49 chip and channel samples from the new Yippie REE showing. Infill geochemical sampling and new soil lines near the south limit of the property added an additional 133 soil samples and 6 stream-silt samples. A subset of 4 rock samples was submitted to the University of British Columbia ("UBC") for petrographic analysis and REE-carrier mineral identification. The soil geochemical results along the east flank of Buttress Peak reveal a well-defined ovoid-shaped REE-Zn-Mn-Ba-Mo soil geochemical anomaly that is approximately 1,000 meters by 500 meters in size and open in three directions. Geological mapping and prospecting in the area of the soil anomaly confirmed the presence of several sheeted arrays of carbonatite, syenite and spatially associated stratabound layers of replacement REE (+-Zn) mineralization in host limestone. Numerous zones of stratabound mineralization were confirmed; the best exposed and most accessible mineralized site (the new Yippie REE showing) was subject to over 100 meters of continuous channel and chip sampling. Analytical results from the Yippie showing returned an overall weighted average of 0.259% Total Rare Earth Oxides ("TREO") over 61.4 meter true thickness. The best zone of continuous mineralization returned 0.489% TREO over 24.41 meter true thickness. This zone included eight - 2 meter sample intervals over 0.50% Total Rare Earth Element ("TREE"), with a best sample interval of 1.50% TREO.