Opta Minerals Acquires Shares of WGI Heavy Minerals Pursuant to Take-over Bid

Opta Minerals Inc. (TSX: OPM) (“Opta Minerals”) acquired approximately 94% of the outstanding common shares of WGI Heavy Minerals, Inc. (TSX:WG) (“WGI”) pursuant to an offer made by Opta Minerals to acquire all of the outstanding common shares of WGI by way of a take-over bid (the “Offer”). Opta Minerals intends to acquire the remaining common shares of WGI not tendered to the Offer pursuant to the compulsory acquisition provisions of the Business Corporations Act (British Columbia). The Offer was made pursuant to a support agreement entered into between Opta Minerals and WGI on July 13, 2012.

Opta Minerals is a vertically integrated provider of custom process optimization solutions and related materials for use primarily in the steel, foundry, loose abrasive cleaning and municipal water filtration industries.

Wildeboer Dellelce LLP acted for Opta Minerals with a team that included James Brown, Jeff Hergott, Colin Grosskurth and Julie Anderson (corporate/securities), Kevin Fritz (tax) and Chris Partridge and Amy Hastings (debt products).