Western Atlas Resources Inc. signed a Share Purchase Agreement to acquire from Gran Colombia Gold Corp. all of the outstanding shares of Medoro Resources International Ltd., and it has closed the first tranche of its previously announced non- brokered private placement. Upon closing of the first tranche of the private placement, the board of directors of Western Atlas was reconstituted such that Miguel de la Campa, Vice Chairman of Gran Colombia, has been appointed to the board of the Company. A new board position will be created and an additional nominee of Gran Colombia will be nominated for election to the board of Western Atlas at its next annual general meeting.