WGI Heavy Minerals Announces Normal Course Issuer Bid



    COEUR D'ALENE, ID, June 29 /CNW/ - WGI Heavy Minerals, Incorporated
("WGI") (TSX: WG) announced today that the Toronto Stock Exchange (the "TSX")
has accepted its notice of intention to conduct a normal course issuer bid to
enable it to purchase up to 2,200,000 of its common shares ("Shares")
outstanding, representing approximately 10 percent of WGI's public float of
22,044,314 Shares as at June 18, 2009. The average daily trading volume of WGI
for the past six months is 119,623.
    Purchases will be affected through the facilities of the Toronto Stock
Exchange. WGI believes that due to volatility in financial markets, the Shares
may, from time to time be undervalued in the market and would constitute a
good investment for the Company. All Shares purchased will be cancelled.
    "At the current market price we believe that buying back Shares in this
price range is an excellent use of WGI's resources and accretive for our
shareholders." said Greg Emerson, WGI's Chief Executive Officer.
    Purchases may commence on July 2, 2009, and will terminate on the earlier
of July 1, 2010, the date WGI completes its purchases pursuant to the notice
of intention to make a normal course issuer bid filed with the TSX, or the
date of notice by WGI of termination of the bid.
    WGI will make purchases on the open market through the facilities of the
TSX in accordance with the rules and policies of the TSX. The price that WGI
will pay for any such Shares will be the market price of such Shares on the
TSX at the time of acquisition. Units purchased under the bid will be
cancelled.

    WGI Heavy Minerals, Incorporated is a marketer of industrial grade
minerals sourced primarily out of India, producer of industrial-grade garnet
out of Idaho and Germany and manufacturer of replacement parts for ultra-high
pressure waterjet machine tool systems around the world. The Company's shares
are listed on the Toronto Stock Exchange under the symbol WG.

    This press release contains forward-looking statements concerning the
business, operations, and financial performance and condition of WGI Heavy
Minerals, Incorporated. A number of the matters discussed and statements made
in the press release contain forward-looking statements reflecting current
expectations regarding future assets. When used in this press release, the
words "believe", "anticipate", "intend", "estimate", "expect", "project", and
similar expressions are intended to identify forward-looking statements,
although not all forward-looking statements contain such words. These
forward-looking statements are based on current expectations and are naturally
subject to risks, uncertainties, and changes in circumstances beyond
management's control that may cause actual results to differ materially from
those expressed or implied by such forward-looking statements. Factors that
may cause such differences include but are not limited to: exploration and
development risks; risks related to permits and title to property; risks
related to foreign countries and regulatory requirements; operating hazards;
foreign currency fluctuations; competition; fluctuations in the market price
of mineral commodities and transportation costs; uncertainty as to
calculations of mineral deposit estimates; uninsured risks; and dependence
upon key management personnel and executives. Actual results may differ
materially from those expressed here. You should not place undue reliance on
such forward-looking statements. The Company is under no obligation to update
or alter such forward-looking statements, whether as a result of new
information, future events, or otherwise.





For further information:

For further information: Greg Emerson, Ed Kok, 810 Sherman Ave., Coeur
d'Alene, ID, 83814, U.S.A., (208) 666-6000, Fax (208) 666-4000,
www.wgiheavyminerals.com; Greg Emerson, President & CEO, (208) 770-2202,
E-mail greg@wgiheavyminerals.com; Ed Kok, General Counsel, Investor Relations,
(208) 770-2208, E-Mail info@wgiheavyminerals.com

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WGI Heavy Minerals, Incorporated

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