W Resources Plc provide an update on progress at Régua in Portugal and La Parrilla in Spain, its two most advanced mining operations. Régua, Portugal: The first blast at the Régua mine in Northern Portugal was safely and successfully completed last week. Mining operations have been underway since February and the first blast signifies an important milestone for the project. The blast opens up the RL240m adit zone which will cover 122 metres prior to intersecting ore. The ore will be trucked to the Crusher Plant which will be located in a nearby aggregate quarry for initial processing. Engineering and procurement is advanced for construction of the Régua plant. In addition to existing spirals, pumps and screens on-site, a new VSI mill (Vertical Shaft Impactor) has been procured from Spain. La Parrilla, Spain: Ramp-up is progressing and the mine continues to deliver the scheduled grades of tungsten and tin ore to the plant at low waste-to-ore strip ratios. As part of the ramp up process, a series of improvement initiatives were successfully implemented during a planned shutdown in February 2020 and as a result the Company has seen a material step change improvement in recoveries and overall production rates at the La Parrilla plant in March 2020. A full update on La Parrilla production for the March quarter and further guidance in relation to developments at Régua will be provided in April 2020.

The Company also announced that after 12 years as a Director, Dr. Byron Pirola will retire from the Company's Board on 30 March 2020. Dr. Pirola intends to retain his core shareholding in the Company.