Toronto, Canada, June 22, 2007

Breakwater Resources Ltd. (TSX – BWR) (the “Company”) announces it has significantly increased its reserves and resources at El Toqui.

Exploration conducted thus far this year has increased the proven and probable mineral reserves at El Toqui by 50% (34% on a contained zinc basis) and the measured and indicated resources, which resources include the proven and probable reserves, by 37% (23% on a contained zinc basis). Further, the work completed at El Toqui has improved our understanding of the potential size and location of sufficient additional mineralization to give us the confidence to commence a pre-feasibility study for a 1.0 million tonne per annum mill. George Pirie, President and Chief Executive Officer said, “We are very pleased with the results coming out of El Toqui. It is our expectation that we are likely to have identified up to 11.0 million tonnes of resources by year end. The results of the current exploration program are certainly justifying the exploration expenditures to date.” For 2007, the exploration expenditures planned for El Toqui are $10.7 million dollars.

The March 31, 2007 mineral reserves and mineral resources estimate for El Toqui, prepared in accordance with National Instrument 43-101 ("NI 43-101"), is set forth in the following tables.