NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Following approval of its declaration of commerciality by the Kurdistan Regional
Government (KRG), WesternZagros Resources Ltd. (TSX VENTURE:WZR) (WesternZagros
or the Company) is moving to develop the first of its two significant light oil
discoveries. Once its development plan for the Sarqala field is approved, the
Company expects to produce up to 10,000 barrels per day (bbls/d) of light, sweet
oil in the second half of 2014. 


"After 10 years of rewarding exploration in the Kurdistan Region, WesternZagros
is turning its discoveries into production that is destined for the domestic
market and potentially the Kurdistan Region's export markets via the new
pipeline," said Simon Hatfield, Chief Executive Officer of WesternZagros. "This
monumental step marks a new era in our Company history that was recently defined
by the KRG's approval of our declaration of commerciality on the Sarqala
Discovery."


"We are focused on promptly generating productive value from the Sarqala field
for our shareholders and the people of the Kurdistan Region, and undertaking
development planning for our giant Kurdamir Discovery, which contains mean
contingent resources of almost a billion barrels of oil equivalent," Hatfield
said.


Moving to production and cash flow 

The Sarqala-1 well, which produced up to 5,000 bbls/d during a nine-month
extended well test in 2011-12, already has production facilities in place.
WesternZagros is completing a workover on this well that is expected to take
production capacity up to 10,000 bbls/d. Additional development wells at
Sarqala, including the Hasira-1 well currently being tested, are expected to
deliver additional volumes through planned expansions to initial production
facilities that have a design capacity of up to 35,000 bbls/d. WesternZagros
will submit a Garmian Block development plan, outlining future development
wells, production facilities and support infrastructure, to the KRG by June 21,
2014. Independent reserves evaluators have audited estimates that, as at
February 8, 2013, the Sarqala Discovery contained gross unrisked mean estimates
of 463 million barrels of oil equivalent in prospective resources and 24 million
barrels of oil in contingent resources. Future expansion phases will be
determined by the success of a forthcoming development drilling campaign to
delineate the prospective resources. 


On the neighbouring giant Kurdamir Discovery, development planning to bring this
find into production is a longer-term initiative that requires extensive
geological and operational evaluation, as well as engineering and financial
planning. Three Kurdamir exploration wells have defined an oil and natural
gas-charged structure that contains gross unrisked mean estimates of 541 million
barrels of oil in contingent resources, and a further 1.3 billion barrels of oil
in prospective resources. WesternZagros expects to file a declaration of
commerciality for the Kurdamir Discovery within the next 12 months.


"As we move to this development phase, WesternZagros is focused on optimizing
and monetizing the value of its discoveries through a variety of means, which
includes working with our partners and the KRG to generate near-term production
from Sarqala, as well as exploring the greatest value creation opportunities
available from our suite of resources," Hatfield said. 


Transition to development 

As part of transitioning to development, WesternZagros, its co-venturer, Gazprom
Neft, and the KRG have agreed to end exploration activities on the Garmian Block
following the completion of the Hasira-1 well. As such, the Company has no
further exploration expenditure obligations and will now be able to apply its
focus and financial resources on development. Under the agreement with the KRG,
the partners have  relinquished the areas of the Garmian Block that are not
covered by the development plan. The development plan area includes the Sarqala
and Hasira discoveries. The relinquished area includes Chwar, Qula, Quilijan and
Baram, which are considered non-core to WesternZagros's development plans.


Optimizing drilling rig contracts 

During the preparation of the development plan and its approval by the KRG, and
in order to minimise short-term expenses, WesternZagros is in advanced
discussions with the KRG and Gazprom Neft to temporarily assign two of its
contracted drilling rigs elsewhere for the remainder of 2014. Under this
arrangement, the rigs would return to the Company's Garmian Block for
development drilling on Sarqala in early 2015 once the development plan is
approved and additional development locations are prepared. 


Financing Alternatives 

WesternZagros as at December 31, 2013, had net working capital of approximately
$97million, which is sufficient to fund planned operations in 2014. As
development plans advance, the Company will evaluate funding options with a mind
to maximizing value creation for shareholders. Options may include accessing the
debt and/or equity markets, additional partnerships, farmouts or other strategic
arrangements.


Conference Call 

WesternZagros will host a live audio conference call on Thursday, March 13,
2014, to discuss its transition to development in the Kurdistan Region and its
Q4 and 2013 year end results. The investment community is invited to participate
in the conference call, which will begin at 8:30 A.M. Mountain Standard Time
(MST) (10:30 AM EST / 2:30 PM GMT). You may participate in the call by telephone
at 647-788-4922 or toll free at 1-877-223-4471. 


A replay of the conference call will be available on the Company website,
www.westernzagros.com, following the call. A digital recording of the conference
call will be available for replay two hours after the call's completion and may
be accessed by telephone at 1-416-621-4642 or 1-800-585-8367 and entering the
passcode: 11365199.


About WesternZagros Resources Ltd.

WesternZagros is a publicly-traded, Calgary-based, international oil and gas
company focussed on acquiring, exploring, developing and producing crude oil and
natural gas in the Kurdistan Region of Iraq. WesternZagros, through its
wholly-owned subsidiaries, holds a 40 percent working interest in two Production
Sharing Contracts with the Kurdistan Regional Government. WesternZagros's shares
trade in Canada on the TSX Venture Exchange under the symbol "WZR".


This news release contains certain forward-looking statements relating to, but
not limited to, operational information, future appraisal and development plans
and the timing associated therewith, future production capability and capacity
of wells and facilities, estimated commitments under the Company's Production
Sharing Contract for the Kurdamir area ("Kurdamir PSC") and Production Sharing
Contract for the Garmian area ("Garmian PSC"), and planned expenditures.
Forward-looking information typically contains statements with words such as
"anticipate", "estimate", "expect", "potential", "could", or similar words
suggesting future outcomes. The Company cautions readers and prospective
investors in the Company's securities to not place undue reliance on
forward-looking information as, by its nature, it is based on current
expectations regarding future events that involve a number of assumptions,
inherent risks and uncertainties, which could cause actual results to differ
materially from those anticipated by WesternZagros. Readers are also cautioned
that disclosed test rates and results are not necessarily indicative of
long-term performance or of ultimate recovery.


Forward-looking information is not based on historical facts but rather on
management's current expectations as well as assumptions made by, and
information currently available to management, concerning, among other things,
outcomes of future well operations, plans for and results of extended well tests
and drilling activity, future capital and other expenditures (including the
amount, nature and sources of funding thereof), future economic conditions,
future currency and exchange rates, continued political stability, timely
receipt of any necessary government or regulatory approvals, the successful
resolution of disputes, the Company's continued ability to employ qualified
staff and to obtain equipment in a timely and cost efficient manner, the
participation of the Company's co-venturers in joint activities, and the ability
to sell production and the prices to be received in connection therewith. In
addition, budgets are based upon WesternZagros's current appraisal and
development plans and anticipated costs, both of which are subject to change
based on, among other things, the actual outcomes of well operations and the
installation and commissioning of facilities, unexpected delays, availability of
future financing and changes in market conditions. Although the Company believes
the expectations and assumptions reflected in such forward-looking information
are reasonable, they may prove to be incorrect. Forward-looking information
involves significant known and unknown risks and uncertainties. A number of
factors could cause actual results to differ materially from those anticipated
by WesternZagros including, but not limited to, risks associated with the oil
and gas industry (e.g. operational risks in exploration and production; inherent
uncertainties in interpreting geological data; changes in plans with respect to
capital expenditures; interruptions in operations together with any associated
insurance proceedings; the uncertainty of estimates and projections in relation
to costs and expenses and health, safety and environmental risks), the risk of
commodity price and foreign exchange rate fluctuations, the uncertainty
associated with any dispute resolution proceedings, the uncertainty associated
with negotiating with foreign governments and risk associated with international
activity, including the lack of federal petroleum legislation and ongoing
political disputes in Iraq in particular. 


In addition, statements relating to "resources" contained herein are deemed to
be forward-looking statements, as they involve the implied assessment, based on
certain estimates and assumptions that the resources described can be
economically produced in the future. Terms related to resource classifications
referred to herein are based on the definitions and guidelines in the Canadian
Oil and Gas Evaluation Handbook which are as follows. "Prospective resources"
are those quantities of petroleum estimated, as of a given date, to be
potentially recoverable from undiscovered accumulations by application of future
development projects. Prospective resources have both an associated chance of
discovery (geological chance of success) and a chance of development (economic,
regulatory, market, facility, corporate commitment or political risks). The
chance of commerciality is the product of these two risk components. The
estimates referred to herein have not been risked for either the chance of
discovery or the chance of development. There is no certainty that any portion
of the prospective resources will be discovered. If a discovery is made, there
is no certainty that it will be developed or, if it is developed, there is no
certainty as to the timing of such development or that it will be commercially
viable to produce any portion of the prospective resources. "Contingent
resources" are those quantities of petroleum estimated, as of a given date, to
be potentially recoverable from known accumulations using established technology
or technology under development, but which are not currently considered to be
commercially recoverable due to one or more contingencies. Contingent resources
have an associated chance of development (economic, regulatory, market and
facility, corporate commitment or political risks). The estimates referred to
herein have not been risked for the chance of development. There is no certainty
that the contingent resources will be developed and, if developed, there is no
certainty as to the timing of such development or that it will be commercially
viable to produce any portion of the contingent resources. 


All resource estimates presented are gross volumes for the indicated reservoirs,
without any adjustment for the Company's working interest or encumbrances. A
barrel of oil equivalent ("BOE") is determined by converting a volume of natural
gas to barrels using the ratio of 6 million cubic feet ("Mcf") to one barrel.
BOEs may be misleading, particularly if used in isolation. A BOE conversion
ratio of 6 Mcf:1 BOE is based on an energy equivalency conversion method
primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. Given that the value ratio based on the current
price of oil as compared to natural gas is significantly different from the
energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be
misleading as an indication of value. The Company's Statement of Oil and Gas
Information contained in its Annual Information Form dated March 13, 2014
("AIF"), filed on SEDAR at www.sedar.com contains additional detail with respect
to the resource assessments and includes the significant risks and uncertainties
associated with the estimates and the recovery and development of the resources,
and, in respect of contingent resources, the specific contingencies that prevent
the classification of the resources as reserves. In addition, combined mean
estimates of resources that are presented in this MD&A are an arithmetic sum of
the mean estimates for individual reservoirs and each such individual mean
estimate is the average from the probabilistic assessment that was completed for
the reservoir. Readers should refer to the AIF for a detailed breakdown of the
high (P10), low (P90) and best (P50) estimates for each of the individual
reservoir assessments as audited by the Company's independent reserves
evaluator.


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


WESTERNZAGROS RESOURCES WAS RECOGNIZED AS A TSX VENTURE 50(R) COMPANY IN 2012
AND 2013. TSX VENTURE 50 IS A TRADE-MARK OF TSX INC. AND IS USED UNDER LICENSE.


FOR FURTHER INFORMATION PLEASE CONTACT: 
WesternZagros Resources Ltd.
Greg Stevenson
Chief Financial Officer
(403) 693-7007


WesternZagros Resources Ltd.
Tony Kraljic
VP Business Development
(403) 693-7011


WesternZagros Resources Ltd.
Lisa Harriman
Manager of Investor Relations
(403) 693-7017
investorrelations@westernzagros.com
www.westernzagros.com


Smithfield Group
John Kiely / James McFarlane / Brett Jacobs
+44 (0) 20 7360 4900
jkiely@smithfieldgroup.com
Jmcfarlane@smithfieldgroup.com
bjacobs@smithfieldgroup.com