November 29, 2006 at 17:30 PM EST
Westchester Reports Second Quarter Results

Westchester Resources Inc. (TSX VENTURE: WSR) ("Westchester" or the "Company"), today reported its financial results for the three and six-month period ended September 30, 2006.

Westchester reported a net loss from operations of $4.8 million ($0.09 per share) versus a net loss of $0.258 million ($0.01 per share) in the three month period ended September 30, 2005. For the six months, the Company reported a net loss of $5.1 million ($0.10 per share) in 2006 versus $0.358 million ($0.01 per share) in 2005. The loss in the three and six month period is primarily attributable to a ceiling test write-down of the Company's oil and gas assets of $4.6 million in the second quarter ended September 30, 2006.

As at September 30, 2006, Westchester reported cash and cash equivalents of $0.575 million and a working capital deficit of $0.346 million versus cash and cash equivalents of $0.025 million and working capital deficit of $0.203 million at March 31, 2006. The reduction in working capital is primarily due to expenditures related to the Company's drilling activities in Manitoba.

Following the end of the quarter, Westchester announced that it had entered into the Agreement effective as of October 19, 2006, whereby the Company can earn a 50% interest in the Peters Mine Property located in Guyana, South America. Pursuant to the Agreement, in order to earn its 50% interest in the Property, Westchester issued 5,000,000 common shares to Guyana Goldfields Inc. and is required to spend a total of $5 million in exploration on the property over a three-year period. On November 20, 2006, Westchester completed a private placement whereby the Corporation issued 13,500,000 units at a price of $0.15 per unit for total proceeds of $2,025,000. Each unit consists of one common share and one share purchase warrant. Accordingly, Westchester now has positive working capital.

Results for the three and six-month period ended September 30, 2006 with comparative information as at March 31, 2006 and for the three and six months ended September 30, 2005 are shown in the following tables:


Consolidated Audited Summary Balance Sheet as at

---------------------------------------------------------------------------
                                            Sept. 30, 2006   Mar. 31, 2006
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                                               (unaudited)       (audited)
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Assets
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 Cash and current assets                    $      712,382  $      180,230
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 Oil and gas properties                          1,134,942       2,100,950
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Total Assets                                $    1,847,324  $    2,281,180
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Liabilities and stockholders' equity
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Total current liabilities                   $    1,058,546  $      383,135
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Asset retirement obligation                        134,648          65,661
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Stockholders' equity                        $      654,130  $    1,832,384
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Total liabilities and stockholders' equity  $    1,847,324  $    2,281,180
---------------------------------------------------------------------------


Consolidated Summary Statements of Operations
---------------------------------------------------------------------------
                      For the three-month period   For the six-month period
                                 ended                        ended
                    -------------------------------------------------------
                        Sept. 30,      Sept. 30,     Sept. 30,    Sept. 30,
                             2006           2005          2006         2005
                    -------------------------------------------------------
                      (unaudited)    (unaudited)   (unaudited)  (unaudited)
----------------------------------------------------------------------------
 Revenue              $   191,807     $   18,249   $   304,134   $   34,860
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 Expenses                 282,512        172,264       522,711      288,616
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Write-down of assets    4,678,474        104,090     4,841,405      104,090
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Net Loss                4,769,179        258,105     5,059,982      357,846
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Net loss per share           0.09           0.01          0.10         0.01
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Weighted average
 number of shares      51,077,652     38,230,872    50,412,042   38,228,263
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For complete financial statements, please refer to the Company's filings with SEDAR at www.sedar.com.

Westchester Resources Inc. is a junior resource company. Westchester's operations are focused in Western Canada and the US. The Company's shares trade on the TSX Venture Exchange under the symbol "WSR".

Forward Looking Statements - Certain information regarding Westchester set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond Westchester's control, including, but not limited to the impact of general economic conditions, industry conditions, volatility of commodity prices, risks associated with the uncertainty of reserve estimates, currency fluctuations and exploration risk. In addition, there can be no assurance that the flow rate estimated herein can be maintained with the testing conducted. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.



The TSX VENTURE EXCHANGE has neither approved nor disapproved the contents of this press release.


Contacts:
Westchester Resources Inc.
Kevin O'Connor
(416) 913-3858
Email: koconnor@westchester.ca

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