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TORONTO, ONTARIO--(Marketwire - June 9, 2010) - Breakwater Resources Ltd. (TSX:BWR)(TSX:BWR.WT.A) has received notice from the Toronto Stock Exchange that the common shares (symbol: BWR) of the Company will be posted for trading at the opening on Friday, June 11, 2010 on a one new for ten old consolidated basis under the new CUSIP number: 106902 70 3.

No fractional common shares will be issued. A holder of common shares, who otherwise would have been entitled to receive a fractional share as a result of the consolidation, will receive an amount in cash equal to the fractional number of common shares held by such holder multiplied by $0.31, which represents the weighted average price at which the common shares have traded on the Toronto Stock Exchange during the 20 consecutive trading days immediately prior to June 8, 2010, the date of the shareholder meeting. The approximately 703.6 million Common Shares of the Company currently outstanding will be reduced to approximately 70.4 million Common Shares.

As a result of the one new for ten old stock consolidation, each common share purchase warrant (the "Warrants") (symbol: BWR.WT.A) entitles the holder to purchase one-tenth of a common share at an exercise price of $0.12 per share at any time on or before to 5:00 p.m. (Toronto Time) on April 9, 2014. Accordingly, a Warrantholder will be required to exercise ten (10) Warrants in order to purchase one whole common share at a total exercise price of $1.20 per common share. Fractional common shares will not be issued upon exercise of the Warrants.

We anticipate mailing the letters of transmittal to registered holders of common shares on or about June 10, 2010, requesting them to forward their pre-consolidated share certificates to Computershare Investor Services Inc. in Toronto in exchange for new share certificates representing the appropriate number of post-consolidated common shares.

Breakwater is a mining, exploration and development company which produces and sells zinc, copper, lead and gold concentrates to customers around the world. The Company's concentrate production is derived from three mines in Chile, Honduras and Canada. Breakwater's Langlois mine in Québec, Canada is currently on temporary care and maintenance.