WSA Announces: Issue of Employee Options



    /THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR
    FOR DISSEMINATION IN THE U.S./

    WEST PERTH, Western Australia, June 6 /CNW/ - Western Areas NL
("Company") (ASX:TSX Code: WSA) advises that it has offered 1,460,000 options
to employees under the terms of the Company's Employee Share Option Plan. The
options are exercisable at $7.50 per share and vest over a twenty four month
period and expire on 1st June 2010. The exercise prices represents an
approximate 31% premium over the weighted average price of the Company's
ordinary shares for the five trading days preceding the date of the Board
meeting in which Directors resolved to issue these options. The Company also
advises that the offer includes 380,000 options which have been offered to
consultants to WSA upon similar terms. The purpose of the issue is part of a
review of the remuneration process and to retain key personnel.

    Yours sincerely

    "Signed"

    Julian Hanna
    Managing Director





For further information:

For further information: Julian Hanna, Managing Director - Western Areas
NL, Telephone +61 8 9486 7855, Email: jhanna@westernareas.com.au; Craig
Oliver, Finance Director - Western Areas NL, Telephone +61 8 9486 7855, Email:
coliver@westernareas.com.au; Ann Nahajski, Investor Relations - Porter
Novelli, Telephone +61 8 9386 1233, Email: anahajski@wa.porternovelli.com.au;
Or visit: www.westernareas.com.au

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WESTERN AREAS NL

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