Westchester Resources Inc.
TSX VENTURE : WSR

Westchester Resources Inc.

July 22, 2005 15:00 ET

Westchester Resources Sells Sturgeon Lake Properties

TORONTO, ONTARIO--(CCNMatthews - July 22, 2005) - Westchester Resources Inc. (TSX VENTURE:WSR) ("Westchester" or the "Company") announced today that it has agreed to allow Aspen Group Resources Corporation (TSX:ASR) ("Aspen") to accelerate a call option and purchase Westchester's interest in Aspen's Sturgeon Lake properties for $516 thousand. Aspen had sold Westchester the interest in the properties approximately 1 year ago. The transaction has an effective date of March 31, 2005 and is subject to regulatory approval. Proceeds from the transaction will be used by Westchester for working capital and to fund drilling.

Westchester Resources Inc. is an independent oil and gas exploration company. Westchester's operations are focused in Western Canada and the US. The Company's shares trade on the TSX Venture Exchange under the symbol "WSR".

Forward Looking Statements - Certain information regarding Westchester and Aspen set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Westchester's control, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of reserve estimates, currency fluctuations and exploration risk. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.


The TSX VENTURE EXCHANGE has neither approved nor disapproved the contents of this press release.

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