Western Metallica to issue six million shares for debt

Mr. Gregory Duras reports WESTERN METALLICA ANNOUNCES DEBT SETTLEMENT Western Metallica Resources Corp. has entered into debt settlement agreements with three bona fide creditors of the company, resulting in the extinguishment of an aggregate of $300,000 in outstanding indebtedness through the issuance of six million common shares of the company at a deemed price of five cents per share. The debt settlement is subject to TSX Venture Exchange approval. The shares will be subject to a statutory hold period expiring on the date that is four months and one day after the closing of the debt settlement. About Western Metallica Resources Corp. Western Metallica is an Ontario registered company with its head office in Toronto, Ont., trading on the TSX Venture Exchange 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.