Western Pacific Resources Corp. announced that it has entered into an asset purchase agreement with Green Oil S.A. dated effective January 27, 2020 with respect to the acquisition by Western Pacific from Green Oil of certain mineral claims located in Ecuador. On closing of the Transaction, the Company anticipates adding Mr. Luis Miguel Espinosa Chiriboga, nominee of Green Oil S.A. as a director to its board of directors.

Luis Miguel Espinosa Chiriboga is a resource business executive with over 15 year of experience in extractive industries and project management primarily in Ecuador. Mr. Espinosa is President of Green Oil S.A., and as part of his role with Green Oil S.A. is the General Manager of Hidrotolumbi S.A. an Ecuadorian company in the business of construction and operation of a hydroelectric project. The Company also anticipates appointing Luis Zapata as Chief Executive Officer.

Mr. Luis Zapata is a resources finance professional with over 14 years of experience. Mr. Zapata was most recently Director, Latin America Institutional Equities at Canaccord Genuity where he launched Canaccord's Latin America Institutional Equities business unit in 2010.