WesternZagros Resources Ltd.
TSX VENTURE : WZR

WesternZagros Resources Ltd.

April 13, 2016 13:55 ET

WesternZagros Announces Stock Option Grant

CALGARY, ALBERTA--(Marketwired - April 13, 2016) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

WesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") announces, as part of its annual employee compensation program, it has granted 22,600,000 stock options to directors, officers and employees of WesternZagros pursuant to the Company's approved stock option plan. These options are exercisable at a price of $.07 per share representing the closing price of the Company's shares on the TSX Venture Exchange on April 11, 2016. The options have a five-year term and vest as to one third each year following the date of grant.

About WesternZagros Resources Ltd.

WesternZagros is an international natural resources company focused on acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds a 40 percent working interest in two Production Sharing Contracts with the Kurdistan Regional Government in the Kurdistan Region of Iraq. WesternZagros's shares trade in Canada on the TSX Venture Exchange under the symbol "WZR".

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

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