WWI Resources Ltd. announces closing of $3 million financing


    VANCOUVER, Jan. 18 /CNW/ - WWI Resources Ltd. (the "Company") is pleased
to announce the closing of a non-brokered private placement on January 18,
2008 of 15 million units at a price of $0.20 per unit to raise proceeds of $3
million. Each Unit consists of one common share and one common share purchase
warrant. Each whole warrant entitles the holder to purchase one common share
at a price of $0.26 per common share on or before January 18, 2010. A finder's
fee of 150,000 units was paid.
    The securities issued pursuant to the private placement are subject to a
hold period expiring on May 19, 2008. Proceeds will be used for general
working capital and for continuing to research opportunities in the natural
resources sector.
    Pursuant to the private placement, the Radcliffe Foundation acquired
14,250,000 of the units. The Radcliffe Foundation now owns 22,950,000 common
shares of the Company representing approximately 21.1% of the issued and
outstanding common shares of the Company. If the Radcliffe Foundation
exercised all of the warrants comprising part of its units, it would hold
37,200,000 common shares representing approximately 30.3% of the issued and
outstanding common shares of the Company. The securities of the Company
acquired by the Radcliffe Foundation were acquired for investment purposes.
The Radcliffe Foundation may, subject to applicable securities laws, increase
or decrease its holdings of securities of the Company at prices which it
determines to be attractive at any time pursuant to market transactions or
negotiated transactions.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of the content of this news release.

For further information:

For further information: Gordon Keep, Secretary, Chief Financial
Officer, Suite 3123, 595 Burrard Street, Vancouver, BC, V7X 1J1, (604)

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