Western Metallica to settle debt with shares, cash

Mr. Gregory Duras reports WESTERN METALLICA ANNOUNCES SHARES FOR DEBT TRANSACTION Western Metallica Resources Corp. has entered into a debt settlement agreement with Gestion de Consensos Socioambientales S.A.C. to settle an aggregate amount of $13,648.47 (U.S.) in outstanding debt relating to contractor fees and certain other outstanding obligations through the issuance of an aggregate of 180,000 common shares of Western Metallica at a deemed price of 6.5 cents per common share and a cash payment of $6,000 (U.S.). The board of directors of Western Metallica has determined that the share-for-debt transaction is in the best interests of the company. Closing of the share-for-debt transaction is subject to customary closing conditions, including the approval of the TSX Venture Exchange. The common shares to be issued pursuant to the share-for-debt transaction will be subject to a hold period of four months and one day following the date of issuance, in accordance with applicable securities laws and TSX-V policies. About Western Metallica Resources Corp. Western Metallica is an Ontario registered company with its head office in Toronto, Ontario, trading on the TSX-V under symbol WMS. Western Metallica is in the business of mineral resource exploration. Its project interests include its 100-per-cent-owned Nueva Celti copper property in Andalusia, Spain, and three other gold projects located in the Navelgas gold belt in Asturias, Spain (Penedela, Valledor and Sierra Alta). We seek Safe Harbor.