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Press release from Marketwire

WesternZagros Contracts Two High Specification Drilling Rigs

Monday, January 14, 2013

WesternZagros Contracts Two High Specification Drilling Rigs07:30 EST Monday, January 14, 2013CALGARY, ALBERTA--(Marketwire - Jan. 14, 2013) -NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATESWesternZagros Resources Ltd. (TSX VENTURE:WZR) ("WesternZagros" or "the Company") has awarded a contract for two 2,000 horse-power ("HP") drilling rigs with a leading North American drilling contractor. The two rigs have been contracted to drill the Hasira-1 well, the Baram-1 well and subsequent wells on the Company's Garmian Block in the Kurdistan Region of Iraq. The drilling services contract was awarded for a two year term with an option to extend for an additional two years. The contract also includes a provision for a third 2,000 HP rig if required.Simon Hatfield, WesternZagros's Chief Executive Officer, commented:"We are pleased to have reached arrangements to bring two rigs from a new entrant to the Kurdistan Region. This contract supports our objectives in the Garmian Block and will further strengthen and diversify the petroleum service sector in the Region."Drilling design and site construction are underway for both the Hasira-1 and Baram-1 wells and long lead items have been ordered in anticipation of the spud dates in June and August, 2013, respectively. The Company is also actively assessing future drilling prospects, the selection of which will be influenced by its 3D seismic programs and drilling results on the Garmian Block and neighbouring blocks.About WesternZagros Resources Ltd.WesternZagros is an international natural resources company engaged in acquiring properties and exploring for, developing and producing crude oil and natural gas in Iraq. WesternZagros, through its wholly-owned subsidiaries, holds 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".WESTERNZAGROS RESOURCES WAS RECOGNIZED AS A TSX VENTURE 50® COMPANY IN 2012. TSX VENTURE 50 IS A TRADE-MARK OF TSX INC. AND IS USED UNDER LICENSE.FOR FURTHER INFORMATION PLEASE CONTACT: 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 Contact Information: WesternZagros Resources Ltd.Greg StevensonChief Financial Officer(403) 693-7007WesternZagros Resources Ltd.Tony KraljicVP Business Development(403) 693-7011WesternZagros Resources Ltd.Lisa HarrimanManager of Investor Relations(403) 693-7017investorrelations@westernzagros.comwww.westernzagros.comSmithfield GroupScott FultonDirector+44 (0) 20 7903 0641sfulton@smithfieldgroup.com