WGP Western Geopower Corp Com Npv

Western GeoPower Corp. (TSX VENTURE:WGP) (FRANKFURT:WE6), a renewable energy
company, today announced that the company's Board of Directors has established a
Special Committee to review, consider and evaluate strategic alternatives that
may be available to the Company. 


The Special Committee will be chaired by Daryl Clark and will include Harry
Knutson and Gudmundur F. Sigurjonsson, all of whom are currently members of the
Board. No timetable has been set for completion of the Special Committee's
review, and there can be no assurance that this process will result in any
specific strategic transaction. The Company does not intend to update its
progress with respect to potential strategic transactions unless the Board of
Directors has approved a definitive course of action.


The Company previously announced that a review conducted by independent
consultant GeothermEx, Inc. of data from the drilled portions of the Company's
Unit 1 leasehold had determined that, based on certain assumptions, the maximum
capacity for the Company's Unit 1 power plant is 35 MWe (gross). 


In conjunction with a proposed financing, the Company retained GeothermEx to
develop and calibrate a numerical reservoir model of the entire Geysers field
including the Unit 1 leasehold incorporating the down-hole data from the newly
drilled wells on the leasehold, plus the production and injection histories of
all the wells at The Geysers. The Company has received GeothermEx's preliminary
reservoir model update, which indicates that a plant capacity of 35 MWe (net)
for five years, followed by a capacity of 32.5 MWe (net) for the remaining
project life, can be maintained but only if the undrilled portions of the Unit 1
leasehold prove as productive as the areas drilled to date. In the event the
undrilled portions prove to be less productive, GeothermEx's preliminary
reservoir modeling indicates a minimum of 25 MWe (net) capacity can be sustained
over the project life.


Included in the Special Committee's mandate is determining the various
alternatives for advancing the Unit 1 project in light of the preliminary
reservoir modeling results. Two initial potential strategies are being
evaluated. The first is to commence the initial plant output at 25 MWe (net) and
the second is to expand the drilling program to include lands on the Unit 1
leasehold where resources have not yet been proven.


About Western GeoPower Corp.

Western GeoPower Corp. is a renewable energy company dedicated to the
development of geothermal energy projects for the delivery of clean,
sustainable, baseload electricity generation. The Company is developing The
Western GeoPower Unit 1 geothermal power plant at The Geysers Geothermal Field
in Sonoma County, California, United States; the South Brawley geothermal
project in Imperial County, California, United States; and the South Meager
geothermal project in British Columbia, Canada.


On behalf of the Board of Western GeoPower Corp

Kenneth MacLeod, President & CEO

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release contain forward-looking information
within the meaning of applicable securities laws in Canada ("forward-looking
information"). The words "anticipates", "believes", "budgets", "could",
"estimates", "expects", "forecasts", "intends", "may", "might", "plans",
"projects", "schedule", "should", "will", "would" and similar expressions are
often intended to identify forward-looking information, although not all
forward-looking information contains these identifying words. 


The forward-looking information in this press release includes, but is not
limited to: a plant capacity of 35 MWe (net) for five years, followed by a
capacity of 32.5 MWe (net) for the remaining project life, can be maintained but
only if the undrilled portions of the Unit 1 leasehold prove as productive as
the areas drilled to date; and, in the event the undrilled portions prove to be
less productive, GeothermEx's preliminary reservoir modeling indicates a minimum
of 25 MWe (net) capacity can be sustained over the project life.


The forecasts and projections that make up the forward-looking information are
based on assumptions which include, but are not limited to: actual geothermal
resources will be consistent with projected resources; the Company is not
subjected to any material adverse events normally associated with exploration,
development and production of natural resources; the Company is not subjected to
additional governmental regulation and that political attitudes towards
geothermal production does not change; the Company is able to remain in
compliance with its debt obligations; the Company's resource estimates are
accurate; the Company's insurance is adequate and that it does not incur any
material uninsured liability; the Company is able to comply with environmental
regulations; the Company has access to suitable infrastructure; no title defects
affect the Company's properties; the Company receives necessary permits on
acceptable terms; no material new competition; no significant fluctuation in
currency exchange rates and interest rates; the Company is able to access
additional capital; no material fluctuations in energy prices; continued access
to the Company's key personnel; and, no conflicts of interest arise.


The forward-looking information is subject to risks, uncertainties and other
factors that could cause actual results to differ materially from historical
results or results anticipated by the forward-looking information. The factors
which could cause results to differ from current expectations include, but are
not limited to: actual geothermal resources may differ from projected resources;
the development of geothermal projects by third parties near the Unit 1 project
could adversely affect actual geothermal resources available to the Unit 1
project; risks normally associated with exploration, development and production
of natural resources; risks relating to government regulation; risks relating to
indebtedness; risks relating to the reliability of resource estimates; no
history of geothermal production; insurance and uninsured risks; environmental
risks and hazards; lack of access to required infrastructure; land title
defects; risks relating to obtaining permits on acceptable terms; competition;
fluctuations in currency exchange rates and interest rates; risks relating to
raising additional capital; fluctuations in energy prices; reliance on key
personnel; conflicts of interest; and, other risks described in the Company's
Management Discussion & Analysis and other continuous disclosure documents.


All forward-looking information in this press release is qualified in its
entirety by this cautionary statement and, except as may be required by law, the
Company undertakes no obligation to revise or update any forward-looking
information as a result of new information, future events or otherwise after the
date hereof. 


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